Yu 'ebao belongs to a wealth management product under Alipay. If you "recharge/transfer" funds and balances to Yu 'ebao, you will purchase Yu 'ebao's monetary fund by default. This belongs to the transfer of funds.

when you want to transfer the money from Yu' ebao, because your money in Yu' ebao is equivalent to buying a wealth management product, this wealth management product has time, and then you have to withdraw it in advance (equivalent to selling the wealth management product), which is called redemption.

Redemption can be divided into the following two types: "Ordinary Redemption" will receive the proceeds on the same day, with no limit; There is no income on the day of "quick redemption", and it will arrive in 2 hours quickly, with a quota of 1, yuan.

Extended information:

Example: An investor redeemed 1, fund shares of the Fund for one and a half years, and the applicable redemption rate was .25%. Assuming that the net value of the fund shares on the day of subscription was 1.5 yuan, the net value of the fund shares on the day of redemption was 1.25 yuan, the back-end fee was adopted (the back-end fee means that the investor does not have to pay any handling fee when purchasing the fund, However, when applying for fund redemption, the payment mode is:

total redemption amount =1,×1.25=12,5 yuan

back-end subscription fee =1,×1.5×1.%=15 yuan

redemption fee = 12,5.