(1) Different product types:
Yu 'ebao is a wealth management product, which can be used for investment and wealth management.
The balance is a fund account, which can be used for transfer, cash withdrawal and savings.
(2) Different incomes:
Yu 'ebao is a monetary wealth management product with a relatively stable yield.
Yu 'ebao is a fund account of Alipay platform, not a wealth management product, and there is no income.
It should be noted that through the "Yu 'ebao", the funds left by users in Alipay can not only get "interest", but also have higher income than the interest of bank demand deposits.
(3) The subordinate units are different:
The direct manager of Yu 'ebao is Tian Hong Fund Co., Ltd., an investment and wealth management company.
Balance is a function of Alipay, which is directly managed by Alipay.
What is balance:
Alipay account balance refers to the amount that has been transferred from bank card or other means to Alipay account.
What is Yu 'ebao:
Yu 'ebao is a balance appreciation service launched by Alipay. Transferring money to Yu 'ebao is actually buying a money fund named "Yu 'ebao" provided by Tian Hong Fund (fund code: 000 198), and you can get a certain income. Yu 'ebao 1 yuan can purchase wealth management on a regular basis.
Features of Yu 'ebao:
Simple operation, zero handling fee, low threshold and ready to use. In addition to the financial management function, Yu 'ebao can also be directly used for shopping, transfer, payment, repayment and other consumer payments. It is a cash management tool in the era of mobile Internet. Yu 'ebao is still the largest monetary fund in China.
Alipay (China) Network Technology Co., Ltd. is a domestic third-party payment platform, which is committed to providing "simple, safe and fast" payment solutions. Since its establishment in 2004, Alipay has always regarded "trust" as the core of its products and services. Since the second quarter of 20 14, it has become the largest mobile payment manufacturer in the world.