Mobile banking is different from telephone banking. Mobile banking is a mobile version of "online banking" launched by Bank of China. If you open the online banking inquiry version (that is, no password card) and the mobile banking inquiry version, it will be free for life; Telephone banking is generally needed when three parties are involved (for example, you were talking about the stock trading of securities companies) as an auxiliary bank-securities transfer.

Mobile banking and telephone banking are not linked with SMS, which is another function and is charged, 3 yuan/month.

To open a telephone bank, you usually have to fill out a form, and there is no word exemption.

I work in China Bank, don't worry.