The functions of the second-category account include savings functions, financial management functions, payment functions, loan functions, and limited-amount transaction functions.

1. Savings function The main function of type II households is saving.

Users deposit funds into the second-category account and enjoy deposit interest.

The second type of account can also be used for withdrawals and transfers, making it convenient for users to manage funds.

Compared with Type I households, the savings functions of Type II households are more flexible and convenient to meet users’ daily savings needs.

2. Financial Management Function Type II accounts purchase bank financial products, including time deposits, bonds, funds, etc.

Compared with the first-category account, the financial management functions of the second-category account are richer and more diversified, which can meet the investment and financial management needs of users.

Through the second-category account, users can conduct financial management operations more conveniently and achieve effective appreciation of funds.

3. Payment function Category II accounts can bind third-party payment platforms such as WeChat and Alipay to conduct online payments, transfers and other operations.

Compared with the first-category households, the payment functions of the second-category households are more convenient and efficient, and can meet the users' daily payment needs.

Through the second-category account, users can make online payments and transfers more conveniently and improve the efficiency of fund use.

4. Loan function Category II households apply for loans, including consumer loans, housing loans, etc.

Compared with the first-category households, the loan functions of the second-category households are more flexible and diversified to meet the loan needs of users.

Through the second-category accounts, users can obtain loan support more conveniently and achieve effective use of funds.

5. Limited amount transaction function The transaction amount of the second type of account is limited. Generally, the daily transaction limit is 10,000 yuan, and the annual cumulative transaction limit is 200,000 yuan.

This limited-amount transaction function can ensure the security of account funds and prevent large amounts of funds from being illegally stolen or transferred.

It can also avoid users’ financial losses caused by excessive trading.

The functions of the second-category account include savings, financial management, payment, loans, and limited-amount transactions to meet the various financial needs of users.

Compared with Type I accounts, Type II accounts have richer and more diversified functions, providing users with more convenient and efficient financial services.