Recently, the rectification of private banks' personal “offsite deposit” business continued to advance. On October 20, the reporter called 15 regional private banks and learned that 14 institutions have clearly suspended or restricted businesses related to personal “offsite deposits.” However, the stock business is not immediately affected, and disposal must be completed in accordance with the regulatory schedule. The 14 private banks include Shanghai Huarui Bank, Tianjin Jincheng Bank, Wenzhou Minshang Bank, Chongqing Fumin Bank, Hunan Sanxiang Bank, Fujian Huatong Bank, Weihai Blue Ocean Bank, Beijing Zhongguancun Bank, Meizhou Commercial Bank, Jiangxi Yumin Bank, Jiangsu Susang Bank, Anhui Xin'an Bank, Wuxi Xishang Bank, and Liaoning Zhenxing Bank. In this rectification, most banks clearly told the reporter that existing customers who already have one type of bank card can continue to use it normally. Customers who have not opened a type of account need to go to an offline branch to open an account. However, Class II card users who open an online channel account are required to meet 3 of the 5 criteria for determining local customers: ID card address, place of permanent residence, place of main business operation, mobile phone number location, and device location.

Recently, the rectification of private banks' personal “offsite deposit” business continued to advance. On October 20, the reporter called 15 regional private banks and learned that 14 institutions have clearly suspended or restricted businesses related to personal “offsite deposits.” However, the stock business is not immediately affected, and disposal must be completed in accordance with the regulatory schedule. The 14 private banks include Shanghai Huarui Bank, Tianjin Jincheng Bank, Wenzhou Minshang Bank, Chongqing Fumin Bank, Hunan Sanxiang Bank, Fujian Huatong Bank, Weihai Blue Ocean Bank, Beijing Zhongguancun Bank, Meizhou Commercial Bank, Jiangxi Yumin Bank, Jiangsu Susang Bank, Anhui Xin'an Bank, Wuxi Xishang Bank, and Liaoning Zhenxing Bank. In this rectification, most banks clearly told the reporter that existing customers who already have one type of bank card can continue to use it normally. Customers who have not opened a type of account need to go to an offline branch to open an account. However, Class II card users who open an online channel account are required to meet 3 of the 5 criteria for determining local customers: ID card address, place of permanent residence, place of main business operation, mobile phone number location, and device location.