In recent years, many changes have taken place in the management system of individual RMB bank settlement accounts. In January 2018, the people's Bank of China issued a new policy on personal account management, the notice on matters related to improving the classified management of personal bank accounts, aiming to speed up the promotion of classified management mechanism of personal accounts and promote the use of category II and III personal accounts.
Previously, the central bank has issued the relevant notice twice. At the end of 2015, the people's Bank of China issued the notice on improving personal bank account services and strengthening account management, putting forward the concept of category II and III personal accounts for the first time, and established a classified management mechanism for personal accounts; in 2016, it subsequently issued the notice on strengthening payment and settlement management and preventing new crimes related to the telecommunications network and implementing the classification of personal bank accounts The notice of the management system specifies that the same person can only open one class I personal account in the same bank, and comprehensively promote the classified management of individual accounts. In the system design of personal account classification management mechanism, class II and III personal accounts are mainly opened by individuals through online banking, mobile banking and other electronic channels, which are suitable for daily micro payment scenarios. In addition to convenient payment, another important purpose of the establishment of the mechanism for class II and III personal accounts is to manage risks. For example, when the total amount of bilateral receipt and payment of funds in all class III personal accounts opened by the same person in the same bank reaches 50000 yuan, the bank institution shall require the individual to provide valid identity documents; the date of consumption and payment of class III personal account and the transfer of funds from unbound account. In principle, the number of class II and III personal accounts opened by the same bank for the each individual shall not exceed 5; the same bank can only open one class III personal account for the same person through electronic channel and non face-to-face manner, which can effectively build a risk "isolation zone" and protect the security of personal funds and information.
The core functions of a class III account management system mainly includes: Class II and III account opening (counter channel opening and electronic counter channel opening), class II and III account binding class I account, class II and III account counter verification, II and III account re identification, personal bank account upgrade and downgrade, and authorization and limit of private account II and III account transactions.
