Why is pbs account set up separately?
Why is personal bank settlement account set up separately? Along with the development of Chinese national economy, the improvement of people's living standard and the diversification of consumption styles, personal banking service develops quickly, the demands for personal account transfer keeps continuously increasing, more and more people need to handle settlement business through banks, such as the basic daily payment of charges for water, electricity, phone, gas etc., loan repayment, securities investment, shopping & consumption etc., which has already been unable to be satisfied by a simply personal saving account. The setup of a separate personal bank settlement account facilitates individuals to handle such account transfer business as money transfer, payment, credit card consumption, investment, etc. Any Individual can also apply for credit card, check and other payment instruments through the personal bank settlement account in order to meet the various demands of payment and settlement.