Traditional money funds are divided into two types, on-site money funds and over-the-counter money funds.

The first type is over-the-counter money funds, more than half of which can achieve T+0. However, transactions must be conducted on the official website of the fund company. If it is through bank channels, it is difficult to achieve T+0.

The second type is on-exchange currency funds. On-exchange currency funds refer to currency funds that can be circulated in the secondary market. Compared with over-the-counter currency funds, since stocks and funds can be exchanged from time to time, they are very popular among investors.