All major banks have funds for sale, all of which are fund products of fund companies, and China Construction Bank is no exception. Many people buy funds or wealth management products at CCB. After all, this is also one of the large domestic banks. When buying a fund, they need to pay a sum of money and then sell it to get the money back.

Where is the money after the redemption of the Construction Bank Fund?

In the bank card (savings account), after the successful redemption of CCB's funds, the funds will be transferred to the savings account for fund transactions. When investors buy funds in CCB, they will deduct money from the bank card, and the subsequent fund redemption money will be returned in the same way.

After the fund is redeemed, the money does not arrive immediately, and it usually takes 2-7 days to arrive. Investors can verify the redemption of the fund by inquiring about the balance and details of the trading account. After the fund is redeemed, the fund company will settle the funds with the bank and return the funds according to the payment date stipulated by the fund company.

Generally speaking, the redemption time of stock funds is T+4 working days, that of monetary funds is T+2 working days, and that of QDII is T+ 10 working days (if the trading time is between 09:30- 15:00 on the fund trading opening day, t is the trading day.

Electronic channels (online banking, mobile banking) and self-service equipment can handle fund transactions 24 hours a day. If the fund is handled during 9:30- 15:00 on the trading day, the application for entrustment shall be submitted on the same day; If it is processed outside the above time, it is an after-hours transaction and will be submitted on the latest trading day. During the business hours of outlets, fund transactions can be handled, but fund transfer, non-transaction transfer and modification of basic customer information can only be handled at 9:30- 15:00 on the fund trading day.

How is it that the fund redeems less money?

Because the fund is not guaranteed, investors buy the fund with the risk of principal loss. After redemption, they may make money or lose money. Moreover, there may be transaction fees when the fund purchases and redeems, which will be collected by the fund company.