What are the pros and cons of opening a change pass

There are benefits to opening the change pass, our money will have interest if it is stored in the change pass, and if it is not opened, there will be no interest, so put it there.

Open Coin Pass.

The main disadvantage is that there is a risk, and if the user feels that he can take the risk, he can deposit the money into the change pass.

If you feel that you have the currency corresponding to the change pass**.

If the rate of return is not ideal, then it can also be replaced with other financial products.

There is a certain amount of risk.

Since the issuance of the renminbi by the People's Republic of China, it has lasted 71 years, and with the development of economic construction and the needs of people's lives, it has gradually improved and improved, and has issued five sets of renminbi so far, forming a multi-variety and multi-series monetary system such as paper money and metal coins, ordinary commemorative coins and commemorative coins.

In August 2020, the People's Bank of China released the "2020 RMB Internationalization Report", and in 2019, the amount of cross-border RMB receipts and payments by banks on behalf of customers was nearly 20 trillion yuan, a year-on-year increase, and the amount of receipts and payments reached a record high. The renminbi has become the world's fifth-largest payment currency and fifth-largest reserve currency.

The disadvantages of opening this are as follows:

1. If it is transferred from the change to the change pass, it is impossible to transfer it out to the bank card, only to transfer back to the change, and from the change to the bank card, each person has only 1000 yuan free withdrawal quota for life, and after exceeding the limit, the service fee needs to be charged according to the cash, the lowest per transaction. For example, Alipay can be transferred to Yu Libao, or MYbank, and then transferred to a bank card, and you can be free of handling fees.

2. The main function of WeChat is still social, but the financial function is attached to the social network, many people often chat on WeChat, share various links, and it is easy to click on the virus or phishing** accidentally, which is easy to generate capital risks. In addition, if some friends often add strangers as friends in the group chat, after being reported, they will be restricted from logging in, and serious ones will be banned from the account.

Advantages and disadvantages of Coin Pass: The advantages and disadvantages of Coin Pass are analyzed in detail as follows: 1. Advantages of Coin Pass:

1. High interest income. Whether you deposit 100 or 1,000, the change pass will give you an annualized return calculation, you must know that the bank's demand deposit is only about about, and the small deposit for a fixed year is also. 2. Save money flexibly.

I have used the change pass for three years, whether it is five o'clock in the morning or two o'clock in the morning, the change pass reflects the second arrival, and the flexibility of access is also its reliable place. 3. Low risk withering inspection hall. The income of the change pass is in line with the national regulations, in addition to the bank is the lowest risk financial choice, three years of use has never been a loss; The low risk is also one of the highlights of its reliability.

Second, the disadvantages of the change pass: 1, the disadvantages of the change pass are mainly focused on the risk of scanning the code and financial risk, for most consumers, the change pass and WeChat balance is basically the same, in the purchase of goods both are unimpeded, so when we scan some wrong *** or others are easy to be deceived. 2. In addition, Coin Pass is a kind of currency wealth management product, so its income is unstable, and when its income declines, we undoubtedly lose a certain degree of interest.

3. Theoretically, the change pass is a kind of currency ** financial management, but in essence, it does not hide in the actual operation of the yield will appear signs of fluctuation, sometimes high and sometimes low. 4. In this regard, if we simply use Change Pass to manage our finances, our overall income will not be high, but if we use Change Pass as our usual consumption expense account, frequent scanning of the code will cause us a certain degree of risk.

1.The starting amount of Coin Pass is very low, generally only 1 yuan or less can be purchased, which is very suitable for the financial management of scattered funds. 2.

The yield of the change pass judgment lead tour is relatively high, usually higher than the demand deposit rate, and the yield is relatively stable. 3.The redemption of Coin Pass is very convenient and fast, and can be redeemed at any time, and the funds usually arrive in the account within 24 hours.

4.The risk of change pass is relatively low, and there will generally be no loss of principal, and due to the wide range of investment, the funds are diversified, the risk is relatively diversified, and the risk is highly controllable. Disadvantage:

1.The yield of Coin Pass is relatively low, although it is higher than the interest rate of demand deposits, but compared with other wealth management products, the yield is not very high. 2.

The yield rate of Coin Pass is not fixed, and will be affected by the market economic environment, and the yield may decline or even have negative returns. 3.The liquidity of Coin Pass is relatively poor, and if a large amount of capital expenditure is required, it may need to be redeemed in advance, which will be limited by a certain redemption fee and redemption time.

In general, as a low-risk and low-threshold financial product, Coin Pass is a very suitable choice for scattered fund management, but it is necessary to pay attention to its characteristics of yield and liquidity. At the same time, for large funds, it is recommended to choose other wealth management products to dig up and sell to obtain a higher rate of return.