The regulations for bank withdrawals of more than 50,000 yuan are: For cash withdrawals of more than 50,000 yuan (excluding 50,000 yuan) from savings accounts (including bank card accounts) in one day, the counter staff of the savings institution The withdrawer should be asked to provide a valid identity document, and payment should be made after verification by the person in charge of the savings institution.
1. Legal basis: Article 3 of the "Notice on the Management of Large-amount Cash Payments" (Yinfa [1997] No. 339) improves the management of cash payments in savings accounts. We must continue to conscientiously implement the principle of "voluntary deposits, free withdrawals, interest-bearing deposits, and confidentiality for depositors." From the date of receipt of the document, for a one-time withdrawal of cash of more than 50,000 yuan (excluding 50,000 yuan) from a savings account (including bank card accounts, the same below), the counter staff of the savings institution should ask the withdrawal person to provide a valid identity Certificate, and payment will be made after verification by the person in charge of the savings institution. Among them, one-time withdrawal
2. For cash withdrawals of more than 200,000 yuan (including 200,000 yuan), the withdrawal person must make an appointment by phone or other means at least 1 day in advance so that the bank can prepare the cash. For cash payments exceeding 50,000 yuan in one go on a day or cash payments accumulatively exceeding 50,000 yuan several times in a day, the bank must register each transaction internally, properly keep relevant information, and file with the local branch of the People's Bank of China on a monthly basis. Regulations on the withdrawal of foreign currency savings deposits by individual residents will be notified separately. Banks must adhere to the principle of confidentiality for depositors regarding all deposits and withdrawals from personal savings accounts.
Introduction to banks:
1. Bank (Bank) is a financial institution established in accordance with the law to engage in currency and credit business. It is the product of the development of commodity currency economy to a certain stage. Banks are one of the financial institutions. Banks are divided by type: central banks, policy banks, commercial banks, investment banks, and the World Bank. Their responsibilities are different.
2. Central Bank: The People’s Bank of China is the central bank of our country. State-owned policy banks: including the Export-Import Bank of China, Agricultural Development Bank of China, and China Development Bank. State-owned commercial banks: including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Postal Savings Bank of China, Bank of Communications, etc. Investment banks: including Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo, UBS, Societe Generale, etc. World Bank: used to finance countries to overcome poverty, each institution plays a unique role in the mission of alleviating poverty and improving living standards.