Can a company account be transferred to a personal account?

Company accounts are not allowed to be directly transferred to personal accounts, but you can write a transfer check and transfer money in the form of a loan. Article 40 of the Measures for the Administration of RMB Bank Settlement Accounts stipulates that if a unit pays more than 50,000 yuan from its bank settlement account to its personal bank settlement account, it shall provide the following payment basis to its bank: salary agreement, payee list, reward certificate, etc.

cheque

A cheque is a sight draft drawn on a bank. Specifically, a check is an unconditional written payment instruction issued by a bank depositor to a bank, authorizing the bank to pay a certain amount at sight to someone or their designee or holder.

A bill issued by the drawer and entrusted by the bank to handle cheque deposit business will unconditionally pay a certain amount to the payee or holder at sight. The drawer is the unit or individual that issues the check, and the payer is the drawer's bank.

(of a bank) a cashier's check

A promissory note is an unconditional written promise issued by one person to another person to ensure that a certain amount will be paid to someone or their designee or bearer at sight or on a regular basis or at some future time. A promissory note is a note issued by the drawer, which promises to unconditionally pay a certain amount to the payee or holder at sight. The second paragraph goes on to stipulate that the promissory note referred to in this Law refers to bank promissory notes, excluding commercial promissory notes and personal promissory notes.

Trade draft

A commercial bill is a bill issued by the drawer, which entrusts the drawee to unconditionally pay a specified amount to the payee or holder on a specified date. According to different acceptors, it can be divided into commercial acceptance bills and bank acceptance bills. Bills accepted by banks are bank acceptance bills, and bills accepted by enterprises and institutions other than banks are commercial acceptance bills.

Bank's Acceptance Bill

A bank acceptance bill is a bill in which a depositor opens a deposit account in an accepting bank, applies to the opening bank and is accepted by the opening bank, and guarantees to unconditionally pay a certain amount to the payee or holder on a specified date. Accepting a commercial bill issued by the drawer is the credit support given by the bank based on the recognition of the drawer's credit standing. The maximum face value of bank acceptance bills in China is 6,543,800 yuan (inclusive).

A handling fee of 0.5 ‰ of the face value is charged to the acceptance applicant for bank acceptance bills, and the amount less than 10 yuan is counted as 10 yuan. The longest acceptance period shall not exceed 6 months. If the applicant for acceptance fails to pay the bill in the bank, the overdue penalty interest shall be charged according to the regulations.

telegraphic transfer

T/T (English) is a trade term and one of the most popular payment methods among companies in the world. The precondition of using telegraphic transfer is that both parties need to open an account in a bank with telegraphic transfer service.

When telegraphic transfer, the bank will charge the remitter a certain remittance fee, but the payee does not need to charge. Among the three traditional remittance methods, telegraphic transfer is faster but more expensive than bill remittance and letter remittance. Therefore, telegraphic transfer is beneficial to the payee to recover the payment quickly and speed up the turnover of funds.