What does change pass mean, what is change pass

To exchange money is to put money in it and get a regular income. It is equivalent to a wealth management product. There is no limit to the amount of deposit.

Access it at any time, or use it directly for payments, transfers, or credit card payments. If you want to open Change Pass, we need to open WeChat, click on Wallet, then click on Change, find Change, and apply for activation.

1. Long Money Pass is a function in WeChat wallet. With functions such as transfers, payments, and credit card repayments, it can generate a certain amount of income every day. The amount of income depends on the amount deposited.

It can be considered a wealth management product, but it is more flexible than traditional wealth management products.

2. The goal of Long Money Pass is the payment function of Yue Bao, which was launched in November 2018, we can choose to deposit WeChat change to change, or we can choose to transfer the money in the bank card to change, or we can transfer money at any time. Additional Charges.

3.There is a limit to the rise and fall. The maximum daily limit is $100,000.

Although the function is similar to that of Yue Bao, there are still many differences. For example, it cannot be used in various financial alleys. In daily consumption scenarios, such as QR code payment, red envelopes, etc.

One, change pass.

2. Click "Me" in the lower right corner.

3. Click the "Pay" button.

4. Click "Wallet".

5. Click "Change Pass".

6. Click "Free Activation" and agree to the terms and conditions to start using Coin Pass.

Third, the disadvantages of the change pass.

1. Mainly focus on the risk of scanning the code and financial risk, for most consumers, the change pass and WeChat balance are basically no different, both are unimpeded in the purchase of goods, 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, Coin Pass is a kind of currency**.

But in essence, it will show signs of fluctuating yields in actual operation, sometimes high and sometimes low.

4. In this regard, if we simply use change pass to manage money, our overall income will not be high, but if we use change pass as the usual consumption expense account, frequent scanning of the code will cause us a certain degree of risk.

Extended Materials. First, the change pass calculates a seven-day annualized rate of return.

Seven-day annualized rate.

Principal * interest rate * 7 365, if the seven-day annualized rate of return of Coin Pass is, the principal is 10,000 yuan, you can calculate that the seven-day annualized rate of return of Coin Pass is: 10,000 * yuan, and the daily income is yuan.

Seven-day annualized refers to the subject matter of the past seven days.

The data obtained after the annualized average return is currently currency**.

and some net-worth wealth management are calculated as seven-day annualized returns.

Second, change pass.

1. Coin Pass is a currency product launched by Tencent's subsidiaries in cooperation with a number of financial institutions and can be used for payment. Users can use the money in the change pass directly for consumption, such as transferring, sending red envelopes, scanning QR codes to pay, and repaying credit cards. At the same time, when the funds are placed in the change pass and are not used, you can automatically earn income.

The transfer of bank cards is free of handling fees, which is convenient for the temporary income of transfer funds; You can also set up automatic transfer of salary cards, automatic transfer of pocket money every month, earn while spending, and automatically generate bills.

Funds can be transferred back to the bank card or change for free, and the funds transferred in the change can only be transferred back to the change, and there is no handling fee for the transfer in and out.

Many users only know that there is a "change pass" in WeChat, and there will be interest when the money is deposited, but they don't know what it is for, and they don't know what it means.

We can directly understand the "change pass" as a wealth management or ** product, but unlike the real financial products and ** products, it is a "principal guaranteed product", when WeChat payment was first launched, WeChat has not carried out this aspect of the business, but later as Alipay's balance treasure is getting bigger and bigger, it is considered to be in order to curb competitors, this is the launch of the "change pass" function, as for how it works, ordinary users do not need to understand, it can be understood as a ** account, put money in, You will receive regular income (interest).

How does the official definition of "Coin Pass"?

WeChat, WeChat Pay is under the umbrella of Tencent Group, and "Change Pass" is a product born by integrating the funds of WeChat users and then cooperating with a number of financial institutions to provide users with financial services on the platform of WeChat Pay.

The so-called financial management service, in fact, is a kind of "currency", as long as the user puts their deposit into the "change pass", then the user can continue to obtain income, equivalent to "subscription currency", but unlike the traditional currency ** subscription, redemption method, users do not need to subscribe or redeem, although the funds are placed in the change pass to eat interest, but it does not affect the use of users.

What is Currency**?

There are many types of currency, which are essentially different from bank deposits, it is a financial product, but in order to distinguish the difference between financial products in the industry, it is called "** product", and its main commodity is "currency", such as the fixed deposit certificate launched by the bank, treasury bonds, central bank bills, etc., all belong to a kind of currency, but this is only the most basic, and the risk is small.

To put it simply, if the "change pass" is understood as a ** account, when the user puts the funds into the change pass, the financial institutions that cooperate with WeChat Pay will use the money to invest, and part of the income obtained from the investment will be returned to the user according to a certain proportion, and this is the so-called interest, in order to standardize the management of funds, the money in the change pass is regarded as the purchase of currency**.

Conclusion: Subject to national laws and regulations, no wealth management product can promise to protect the principal, and since WeChat's "change pass" is positioned as "currency **", it proves that it also has a certain risk, although the annualized rate of return is fixed, but there are also risks.

Coin Pass is a financial product under the WeChat application software, and WeChat users can transfer the money in their WeChat wallet to Coin Pass. By investing in the wealth management products in the Coin Pass, WeChat users can earn income. As for the actual return on income, it is directly related to the yield of the wealth management products in the change pass.

Coin Pass is a wealth management product recently launched by the WeChat app, which is jointly developed and launched by a company under Tencent and a number of financial institutions. According to my observations, the function of the change pass is similar to that of the Yue Bao in Alipay. WeChat users can transfer the money in their wallets to Coin Pass, and then earn income by purchasing wealth management products.

Of course, after the user transfers the money to the change pass, it does not mean that the money can only be used to buy wealth management products. In my opinion, in fact, money is placed in the change pass, which is the same as putting it in the WeChat wallet. Because the money in the change pass can be directly used for consumption, such as transfers, red envelopes or QR code payment, and credit card repayment that are commonly used in daily life.

At the same time, one of the biggest advantages of Coin Pass is that when users put funds in Coin Pass, even if the money in Coin Pass is only used as idle funds by users, they can still earn income automatically.

2. Other uses of Coin Pass.

On every mobile phone WeChat application software, users can see the product as long as they open the WeChat wallet. Users can transfer idle change from their WeChat wallet or their bank debit card to Coin Pass. Of course, when users have capital needs and need to use the money in the change pass, they can also immediately transfer the change money back to the WeChat wallet or their own bank card, and there is no need to pay any handling fees.

Coin Pass, WeChat Pay and bank cards can be transferred to each other, which is simple and convenient to operate. Coin Pass also has a powerful feature that allows users to set up automatic transfers according to their actual needs. Users can set up automatic transfer of salary card in Coin Pass, and Coin Pass will automatically transfer funds according to the date set by the user.

Bills are also automatically generated every month, so users can see the details of the funds in the change pass at a glance.

3. How to achieve financial management and obtain income.

There are a wide variety of financial products in the change pass, and these financial products are provided by major sales agencies, and they are generally currency financial products. As long as the user chooses a financial product that suits him, and then the rest of the operation and management are provided by a professional company. Not only do users not have to do it themselves, but they can also enjoy the benefits of the purchased currency**.

For the wealth management products in the Coin Pass, in the whole sales process, users can enjoy the ** product promotion, account opening and subscription, as well as subscription, redemption and other services provided by the **sales agency. The income of the wealth management products in the change pass is calculated by the number of days, and the income will be calculated every day. The interest calculated on a daily basis is divided into points.

"Coin Pass" is a currency** sales service provided by Teng'an ** Sales (Shenzhen)**** (hereinafter referred to as Teng'an Company) or Shenzhen Qianhai WeBank Co., Ltd. **** (hereinafter referred to as WeBank) to provide customers.

Coin Pass supports functions such as transfer-in, transfer-out, and payment;

The function of WeChat Coin Pass is similar to that of Yue Bao: users can use the money in Coin Pass directly for consumption, such as transferring, sending red envelopes, scanning QR codes to pay, and repaying credit cards. At the same time, when the funds are placed in the Pocket Change Pass and are not used, they can automatically earn income.

Coin Pass is a basic service account of WeChat Pay that is listed alongside "Change", and users can directly enter it through [WeChat] - [Wallet] - [Change] - [Coin Pass] to realize change financial management. Users can transfer WeChat change or bank borrowed card funds to change pass, and all change pass funds can also be transferred out to WeChat change or bank card, and there is no handling fee for transfer in and out.