What is the depositary bank What is the depositary bank?

The depositary bank refers to the process of clearing the documents, the payer or payee opened an account of the financial bank. According to the bearer of the documents submitted to the bank, the bill settlement is divided into the settlement and entrusted to others to receive payment settlement of these two ways. In the asset settlement method of smooth remittance settlement, the account bank of the payer (the paying bank) transfers the corresponding bill payment directly to the account bank of the payee (the receiving bank). Entrusted to receive payment settlement of asset settlement method, the payee entrusted its depositary bank to the payment bank to collect the bill account. The above is what is the depositary bank related content.

Introduction to bank account management

Based on the "bank account management method", the bank account can be divided into basic deposit accounts, general savings accounts, temporary savings accounts and specialized deposit accounts, various accounts have different provisions and bank account opening principles, but follow the following basic guidelines:

1, a basic account principle: users can only be set up in the bank A basic deposit account, may not double set up a basic deposit account. Depositors in the bank to set up a basic deposit account, in accordance with the People's Bank of China in different areas set up by the branch institutions issued by the bank account opening approval system;

2, the principle of self-selection: Users can independently choose the bank to set up an account, the bank can also choose to set up their own depositors account, all enterprises and individuals may not be mandatory to interfere with the depositor or the bank to set up or use the account;

3 In addition to national laws and regulations and the State Council authorized the People's Bank of China head office of the regulatory program, the bank can not be replaced by all enterprises and individuals to view, freeze, transfer depositors account savings.

This article is mainly written about what is the depositary bank related knowledge, the content is only for reference.