"Banks rush to deposit and withdraw deposits" is explicitly prohibited by the regulatory authorities. It is a gray area of financial supervision. Since 2008, officials have gathered here, which is a hotbed for rent-seeking and money laundering.
Bank pulse deposit refers to the temporary withdrawal of deposits from depositors by bank credit personnel at the end of the month or at the end of the year in response to the inspection of deposit requirements by regulatory authorities.
It is understood that banks will give depositors a certain percentage of rebates in order to attract depositors to make impulsive deposits. The maximum deposit of this rebate in Hangzhou and surrounding areas 1 day can reach 5‰, which is 365 times of the annual interest rate of 0.5% for demand deposits.
Impulse deposit at the end of the year, "as long as you open an account in a designated bank and transfer the money to this account on the day of 65438+February 3 1 every year, you can transfer it the next day."