Whether or not to answer the question of the source of funds for depositing large sums of cash? Banks have different standards for implementation

Reporter: Zhang Hong Editor: Zhang Yiming

On January 8, "The woman who deposited 100,000 cash in the bank and was asked about the source of the money" rushed to the first place in the hot search, and was on the list for more than 8 hours. According to media reports, a woman in Jiangxi posted on a social platform that she went to the bank with 100,000 yuan in cash to do a regular term, but after taking out the cash from the bag, the bank staff suddenly asked her, how much money to save, and where does the money come from?

The bank's staff said that this is a bank regulation, as long as the cash deposit exceeds 10,000 yuan, you must ask about the source of the money.

If the cash deposit exceeds 10,000 yuan, it is necessary to ask the source? The reporter consulted the customer service and branch staff of a number of banks on this. Most banks said that they only need to bring their ID cards and bank cards to the outlets for RMB deposits, while some banks said that some regions need to know the source of cash.

Most banks said that they only need to bring their ID cards and bank cards to the outlets for RMB deposits

According to media reports, a woman in Jiangxi posted on a social platform that she went to the bank with 100,000 yuan in cash to do a fixed term, but after taking out the cash from the bag, the bank staff suddenly asked her, "How much do you want to deposit? Where does this money come from?"

The woman thought that the source of funds involved personal privacy, "I thought to myself, you don't care where my money comes from, don't you just do what I say? But I immediately sorted out my emotions and asked the staff, why are you asking this? No staff member has asked about cash deposit before. ”

The staff responded that this is the bank's regulation, and each customer who deposits money must ask about the source of the money as long as it exceeds 10,000 yuan in cash.

In the hot search comment area, many netizens expressed their understanding, "tellers also do things according to the process", "ask, it's not that you won't be allowed to save", "I'm afraid that you will be defrauded by telecommunications, it's all for your good"; some netizens feel uncomfortable, "It's not just deposits, now opening an account is the same as guarding against anything, it feels very uncomfortable"; some netizens questioned, "Even if the money comes from the wrong way, will the depositor say that it is illegal gains?"

In fact, last year, a woman in Huzhou, Zhejiang Province posted a video saying that she went to the bank to deposit 50,000 yuan in cash and was asked to provide proof of income and other materials, which also caused heated discussions on the Internet.

So, should we answer the question of the source of funds for depositing a large amount of cash? Is it meaningless to register the source of funds, how should banks consider it, and what is the basis?

As a depositor, the reporter consulted the customer service and branch staff of a number of banks. Most banks said that they only need to bring their ID cards and bank cards to the outlets for RMB deposits.

Bank of China's customer service said that regardless of region, RMB deposits only need to bring their ID cards and bank cards to the outlets.

"You don't need to provide a source of funds for any amount, you can just bring your ID card and card to the counter. The account manager of a branch of China Construction Bank in Chaoyang District, Beijing, said.

However, when the reporter called CCB's customer service, the customer service said that some outlets would briefly understand the purpose because of the need for risk review.

The customer service of Agricultural Bank of China and Ping An Bank said that less than 50,000 yuan can be deposited directly, and if it is more than 50,000 yuan (including 50,000 yuan), only the ID card information needs to be retained for future reference.

A staff member of a branch of China CITIC Bank in Chaoyang District, Beijing, replied briskly, "No, just deposit directly." ”

The staff of the Postal Savings Bank, which is also located in Chaoyang District, also gave the same answer "no", and did not forget to add, "Don't believe anything on the Internet." ”

Individual districts need to know where the cash comes from

Some banks also said that individual regions need to know where cash comes from.

"According to Yin Fa [2020] No. 105, Hebei Province, Zhejiang Province (including Ningbo City) and Shenzhen City have successively implemented the policy of understanding the source of cash for large cash deposits. Other places do not currently require a source of funding, but ID is required for more than $50,000. ICBC telephone customer service said.

The customer service further explained that Hebei Province is more than 100,000 yuan, Shenzhen is more than 200,000 yuan, and Zhejiang Province (including Ningbo City) is more than 300,000 yuan, and it is necessary to understand the policy of cash source. For specific information to provide, it is recommended to contact the outlets in advance for verification.

The reporter further verified with the staff of the Shenzhen and Beijing branches of the Industrial and Commercial Bank of China and got a consistent answer.

So, is there any justification for questions such as "even if the money comes from the wrong source, will the depositors themselves say that it is illegally gained?" and is it pointless to know the source of the funds?

A staff member of a sub-branch in Shenzhen further explained the process of verifying the source of cash, "Just fill out a list and write it down." But if you are frequent, you should also ask for further information. ”

The regulator has issued relevant notices

What are the regulations of Yin Fa [2020] No. 105? The reporter checked the official website of the central bank and found this notice. On June 9, 2020, the People's Bank of China issued a notice on launching a pilot project for large-amount cash management. The notice said that in order to build a harmonious circulation environment, reduce the total cost of social cash circulation and prevent and control risks, it is necessary to strengthen the management of large amounts of cash, improve the level of cash services, and strengthen the guidance of the public to use large amounts of cash. In view of the different economic and financial conditions in various regions, the first trial in some regions is an effective way to promote large-amount cash management under the current situation, which is conducive to verifying the best operation plan under the premise of controlling risks, gradually promoting the concept of rational use of cash, and laying the foundation for the establishment of a long-term mechanism for large-amount cash management. The pilot will last for two years, first in Hebei Province, and then extended to Zhejiang Province and Shenzhen, and the state-owned commercial banks, joint-stock commercial banks, and postal savings banks in the jurisdiction will be implemented by the end of June 2021.

According to the notice, July 2021 to early 2022 is the evaluation and summary stage. The pilot bank assessment reports to the local pilot situation, and the head office of the People's Bank of China organizes a third-party assessment.

After the issuance of the notice, the branches of the central bank in the pilot areas successively issued detailed rules to implement specific plans.

It is worth noting that at the end of January 2022, the People's Bank of China, the former China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission jointly issued the Administrative Measures for Customer Due Diligence and Retention of Customer Identity Information and Transaction Records of Financial Institutions (hereinafter referred to as the "Measures"), which is scheduled to come into force on March 1, 2022. The Measures mention that if a commercial bank, rural cooperative bank, rural credit cooperative, village or township bank or other financial institution handles a single cash deposit or withdrawal business of more than RMB 50,000 yuan or the equivalent of more than US$10,000 in foreign currency for a natural person customer, it shall identify and verify the identity of the customer, understand and register the source or use of the funds.

However, soon after, the three departments issued an announcement on February 21, 2022, stating that the "Measures", which were originally scheduled to come into force on March 1, 2022, were suspended due to technical reasons, and the relevant business was handled in accordance with the original regulations.

National Business Daily