What is the difference between Class I and Class II cards

The first type of card is a full-featured account, and any function is not restricted; The second type of card is a restricted function account, with a limit for consumption, a limit for payment, and a limit for transferring funds to an unbound account.

There is no limit on the use of Class I accounts, while there is a limit on the use of Class II accounts, with a daily cumulative limit of 10,000 and an annual cumulative limit of 200,000. The first type of account can only be opened by the person and the person who brings his or her identity document to the bank's outlets, while the second type of account can be opened directly through online banking, mobile banking and other channels.

The main differences between Class I cards and Class II cards are as follows:

1.The scope of use is different. A type of card can be said to be a full-featured account, which can be used for large-value deposits and withdrawals, transfers, consumption payments, and financial product purchases, and there is no restriction on its use.

For example, the second-class card cannot handle large-value transfers, cross-border remittances and other businesses, and the second-class account can only be used to buy wealth management products, deposits, and limit the amount of consumption and payment.

2.There are different limits on the number of accounts to be opened: the same customer can only open one type one account in the same bank, while multiple type two accounts can be opened.

3.There are different channels for opening an account: the first type of account can only be opened by going to the bank's branch with the identity document, while the second type of account can be opened directly through online banking, mobile banking and other channels.

In addition, whether to use a Class 1 account or a Class 2 account also needs to be decided according to actual needs.

A class of cards is better.

The differences are as follows: 1. Functions: A type of account can handle deposits, transfers, consumption payments, purchase investment and wealth management products, cash withdrawals and other businesses; The second-type account can handle deposits, purchase investment and wealth management products and other financial products, but cannot deposit or withdraw cash or transfer money to unbound accounts;

2. Limit: There is no restriction on the scope and amount of use of the first-class account, while the single-day payment limit of the second-class account is 10,000 yuan;

3. How many accounts can be handled: the first type of account can only handle one account, while the second type of account can handle multiple accounts;

4. Whether there is a physical card: The first type of account has a physical card, while the second type of account does not have a physical card.

Extended information: Quasi-accounts generally refer to the debit cards that we commonly use now; You can deposit and withdraw cash, manage money, transfer, pay bills, pay fees, etc., and there is no limit on the amount of use.

It is similar to a credit card, which is mainly responsible for daily expenses, or financial management, investment, etc.; The funds of the class account are in the class of accounts, including accounts opened in direct banks and Internet banks such as WeBank, etc., and the class accounts can handle deposits, purchase bank investment and wealth management products, and pay consumption bills. However, the biggest difference with the class account is that the class cannot deposit or withdraw cash or transfer money to an unbound account. At the same time, there is a limit of 10,000 yuan per day for the transfer of the second-class bank card account, and a limit of 200,000 yuan for the annual transfer.

The account is a small-value online payment business, similar to WeChat wallet, which is suitable for high-frequency small-value mobile payment. Household accounts are mainly used for small payments such as online payment and offline mobile phone payment, and can handle consumption payment. The biggest difference with the class of households is that the class of households can only handle small consumption and payment, and are not allowed to handle other businesses.

Since December 1, 2016, the central bank has stipulated that each commercial bank is only allowed to open one type of settlement account for the same customer, and other new settlement accounts can only be opened.

Type 2 and 3 accounts. Since 2017, banks have gradually rolled out systems to adapt to the new regulations. Therefore, when you go to the bank to apply for a card, the most common sentence you hear is "You have opened our bank's card before, but now you can only open a second-class card, is your original card still in use?"

Do I need to cancel it?

To put it simply, before the new regulations were introduced, all the bank cards and passbooks we used before belonged to a class of accounts, and the bank cards of them were generally called a class of cards. The so-called Class 1 card is a card that has no restrictions on transfer transactions and consumption, and can be used at will. To put it bluntly, as long as you have money, you can save as much as you want into the card, withdraw as much as you want, and spend your own money, no one cares.

So what is a Class II card?

To put it simply, a Class II card is a card that regulates the upper limit of transactions and has a limit on transactions. The cumulative upper limit of the daily transfer in and out of the second type card is 10,000 yuan, and the cumulative upper limit of the annual transfer in and out is 200,000 yuan. In other words, even if it is the money in your own card, it is impossible for you to withdraw 20,000 yuan at one time, you can only withdraw 10,000 yuan a day in two days.

1. The functions of the two are not the same.

The first type of bank card is a bank card with no restrictions, which is a full-featured bank card. The second-class bank card restricts some functions, and the second-type bank card carries out the business of limited consumption, limited payment, and limited transfer of funds to non-bound accounts.

2. The amount of deposit and withdrawal is different.

There is no restriction on the scope and amount of use of the first-class bank card, and the cumulative daily limit of the second-class bank card for transferring funds and depositing cash is 10,000 yuan, and the annual cumulative limit is 200,000 yuan.

3. The number of accounts handled is different.

The first type of bank card can only handle one account and the first type of bank card has a physical card, and the second type of bank card can handle multiple accounts and can apply for a physical card according to the need, that is to say, there can be no physical card.

4. The way to open an account is different.

What is the difference between ICBC Class I card and Class II card?

1. The functions applicable to the two are different:

The first-class card is generally used for salary deposits, cash deposits and withdrawals, large-amount transfers, large-amount consumption, purchase of investment and wealth management products, public utility payments, etc.;

The second type of card is generally used for personal daily consumption, online shopping, online payment, and purchase of investment and wealth management products of banks.

2. The amount of funds at the disposal of the two is different

The first type of card has a large amount of funds and is suitable for large-amount payments;

The second type of card has a smaller amount of funds and is suitable for small payments.

3. The security of the two is different:

Class 1 cards have low security risks;

Class II cards have higher security risks.

4. The two are different from each other

The first type of card is less convenient;

The second type of card is more convenient.

5. The number of cards that can be applied for is different

A type of card can only be applied for in the same bank;

There is no more than five Category II cards in the same bank.

The first type of card and the second type of card are mainly different in terms of functional scope and transfer limit, the first type of card can be used for large-amount transfers, deposits, and withdrawals, and the second-class card can only be used for small-amount transfers, deposits, and withdrawals, and the cumulative limit of the second-class card is 10,000 yuan in a single day, and the cumulative limit is 200,000 yuan in a year.

Class I card and Class II card accounts have a difference between the finger block:

1. The first type of account can only be applied for a physical card at the bank counter or ATM; The opening of the second type of account is handled at the bank, and a physical card can be issued.

2. There is no limit for one type of account; The daily deposit, withdrawal and transfer limit of the second-class account is only 10,000 yuan, and the annual limit is 200,000 yuan.

3. A type of account has any function of a bank card; The second type of account has all the functions of the first type of account, but the daily limit is 10,000 yuan.

4. Each person can only open one type of account in the same bank; The maximum number of accounts opened in the same bank for each person in the second category is 5.

Although there is a difference between Class 1 cards and Class 2 cards, the two can be interchanged, that is, the Class 1 card is reduced to a Class 2 card, and the Class 2 card is upgraded to a Class 1 card.

In addition, there are three types of bank cards, which are virtual cards, with a daily cumulative transaction amount of 5,000 yuan, an annual cumulative limit of 200,000 yuan, and a card balance of no more than 1,000 yuan. The three types of cards are quite similar to the "coin purse" account, which is only used for small purchases and bills in daily life.

The difference between the first-class card and the second-class bank card is that the scope of use is different, the number of opening restrictions is different, the opening channels are different, and the use limit is not the same.

1. Different scope of use: A type of card can be said to be a full-function account, which can be used for large-amount deposits and withdrawals, transfers, consumption payments, and financial product purchases, etc., and there is no restriction on its use. The second-class card cannot handle large-value transfers, cross-border remittances and other businesses, and can only be used to purchase wealth management products, deposits, consumption and payment of limited amounts.

2. The number of accounts opened is different: the same customer can only open one type of account in the same bank, while the second type of account can open more than one.

3. Different channels for opening: a trouser account can only be opened by going to the bank's outlets with your ID card, while a second-class account can be opened directly through online banking, mobile banking and other channels.

4. The use limit is different: there is no limit on the use of the first type of account, while there is a limit on the use of the second type of account, the daily cumulative limit of the second type of account is 10,000, and the annual cumulative limit is 200,000.

The main differences between Class I cards and Class II cards are as follows:

1.Scope of use: A type of card can be said to be a full-featured account, which can be used for large-amount deposits and withdrawals, transfers, consumption payments, and financial product purchases, and there is no restriction on its use.

For example, the second-class card cannot handle large-value transfers, cross-border remittances and other businesses, and the second-class account can only be used to buy wealth management products, deposits, and limit the amount of consumption and payment.

2.Limit on the number of accounts opened: The same customer can only open one Type 1 account in the same bank, while multiple Type 2 accounts can be opened.

3.Usage limit: There is no limit on the use of Class I accounts, while there is a limit on the use of Class II accounts, with a daily cumulative limit of 10,000 and an annual cumulative limit of 200,000.

4.Opening channels: The first type of account can only be opened by the person with his or her identity document at the bank's outlets, while the second type of account can be opened directly through online banking, mobile banking and other channels.

5.Usage scenarios: A type of card can be used to deposit and withdraw cash, transfer money, manage dry and start wealth, as well as pay bills and payments; The second-class bank card can only be used to purchase wealth management products, deposits, consumption and payment of limited amounts, and does not support cash withdrawals or transfers to unbound accounts.

In general, the functions of the first type of card are more comprehensive, and the scope and amount of use are not limited; The second-class card is subject to certain restrictions in terms of the scope of use, the number of openings, and the use limit.