The differences are as follows:

1. Different concepts

The basic deposit account is the main account for transfer settlement and cash collection and payment, and is used for daily fund collection and payment for business activities. And the withdrawal of wages, bonuses and cash can be handled through this account. Depositors can only open a basic deposit account at the bank.

A general deposit account is a bank settlement account opened by a depositor at a banking institution other than the bank where the basic deposit account is opened for borrowing or other settlement needs. There is no limit on the number of general deposit accounts that depositors can open, but general deposit accounts cannot be opened at the bank where the depositor's basic deposit account is opened.

Special account refers to an account dedicated to special funds. Cash can be withdrawn, but it requires approval from the People's Bank of China. For general finance and construction purposes only. Temporary account refers to a bank settlement account opened by a depositor for temporary needs and used within a specified period.

2. Different scope contents

The scope of use of the basic deposit account includes: the collection and payment of funds for the depositor's daily business activities, as well as the withdrawal of the depositor's salary, bonus and cash. To open a basic deposit account, you must follow the prescribed procedures and submit relevant supporting documents.

General deposit accounts are used to handle depositors’ loan transfers, loan repayments and other settlements. This account can handle cash deposits, but cannot handle cash withdrawals. There is no limit to the number of accounts you can open.

The content of the special account includes special fund deposit accounts: applicable to corporate units with deposits and transfers of allocated funds; loan accounts: applicable to the loan portion of corporate loan accounting; temporary purchase accounts: applicable to Enterprises and units that conduct temporary procurement from other places.

3. Different uses

The purpose of a basic deposit account is to collect and pay funds for the depositor's daily business activities, as well as to withdraw the depositor's salary, bonus and cash. General deposit accounts are used to handle the transfer of depositors' loans, loan repayments and other settlement funds. The purposes of special accounts include capital construction funds, renovation funds, and funds that require special account management for specific purposes.

Extended information:

General account opening requirements

There is no limit on the number of general deposit accounts that depositors can open. Depositors can choose banks with different business concepts. Not only can you enjoy the special services of different banks, but you can also diversify the financial risks that may arise from opening an account in one bank. However, it needs to be made clear that a general deposit account cannot be opened at the bank where the depositor's basic deposit account is opened (referring to the same business institution).

To open a general deposit account, a depositor should fill out an account opening application form and issue the following supporting documents to the bank where the account is opened:

1. The supporting documents required for opening a basic deposit account;

2. Basic deposit account opening license;

3. The depositor shall issue a loan contract if he/she needs to borrow money from the bank;

4. For fund settlement needs, relevant certificate issuance procedures should be issued.

Reference: Baidu Encyclopedia-General Account