What can you do using the personal settlement account?
According to the unified regulation of PBC, the following businesses must be handled at banks through the personal settlement account:
-Accepting inward fund transfer from any other person or unit （such as agency salary payment account, accepting remittance from any other person or unit）;
-Money transfer from any other account under its own name （including its own current saving account and settlement account）;
-Outward account transfer and remittance （money transfer to any other person or unit）;
-Credit card consumption （consumption and online shopping through Peony Money Link Card or "Elite Club" account card）;
-Payment of charges （for telephone fee and mobile phone fee）;
-Investment （T-bond, funds, insurance and securities purchase）;
-Loan （the granting and repayment of various loans including housing loan, auto loan and unsecured loan）;
-Handling credit card or personal check.