Nowadays, many young people like to spend in advance and repay next month, so bank cards have become a hot topic now. Some netizens asked, who has used the cash installment of Bank of Communications? It is understood that the cash installment of Bank of Communications is now used by many young people. Cash installment mainly refers to the bank's conversion of credit card withdrawal into savings card.

1. What is cash installment and how to repay it?

Cash installment means that Bank of Communications transfers the amount within your credit card withdrawal limit to a savings card. When handling this business, you need to agree on the repayment period and choose the number of installments. When you pay it back every month, you just need to pay it back in installments as agreed. Bank of Communications credit card cash installment amount is between 2000-50000. If the withdrawal amount allows, the applicant can get a maximum of 50 thousand yuan. However, it should be reminded that the amount obtained by cash installment is only used for personal consumption and cannot be withdrawn. After the application is submitted successfully, Bank of Communications will transfer the money in time, which can be summarized as "second transfer" in two words. However, it is hard to say when the account arrives, and the specific time shall be subject to the settlement of the receiving bank.

Second, what is Bank of Communications?

Bank of Communications, founded in 1908, is one of the six largest banks in China and one of the note-issuing banks in modern China. 1 April 19871day, the restructured Bank of Communications officially opened to the outside world and became China. The first national state-owned joint-stock commercial bank headquartered in Shanghai was listed on the Hong Kong Stock Exchange in June 2005 and successfully listed. Bank of Communications is one of the major financial service providers in China, covering commercial banks, securities, trusts, financial leasing, fund management, insurance and offshore financial services. There are 235 domestic branches of Bank of Communications, including 30 provincial branches, 7 directly affiliated branches and 99 provincial branches. There are 3,270 outlets in 239 prefecture-level cities and 158 counties (cities).

As can be seen from the above, many young people are now using the cash installment of Bank of Communications. Still suggest that you must repay within the repayment period. If you want to handle the cash installment, you must do it in advance.