Relevant persons of Huaan Fund said that as long as multiple bank cards with the same name are bound on the electronic direct selling platform of Huaan Fund and the "inter-bank cash withdrawal" service of "Qiantong" money fund is opened, real-time free inter-bank cash withdrawal or transfer can be realized.
It is understood that the "cross-bank cash withdrawal" service of Huaan "Money Chain" currently provides two modes: "ordinary cross-bank cash withdrawal" and "fast (T+0) cross-bank cash withdrawal". Under the normal mode, the redemption money of the investor's monetary fund is usually transferred to the bank card account designated by the investor on T+ 1 day; In the fast (T+0) mode, the redemption money of the investor's monetary fund will be transferred to the bank card designated by the investor in real time, and it will arrive in a few minutes, and the investor can make a choice according to the urgency of the capital demand.
According to the survey, this function is not unique to Huaan Fund Currency Pass. Penghua Fund's online direct selling platform also provides the function of "free transfer".
According to Penghua Fund, investors only need to log in to "My Financial Center" in official website of Penghua Fund to realize the function of free transfer. It is understood that Penghua's online direct selling "free transfer" function has covered 2 1 bank nationwide, and all inter-bank transfers are free, and the number of transfers is unlimited. The maximum amount of a single transfer is RMB.
The data in recent years show that the money fund has a greater income advantage than demand deposits. Analysts predict that with the substantial increase of the liquidity and convenience of the money fund, the money fund will gain a larger market share.