1. Bank account pledge means that according to the agreement with the creditor, the guarantor pledges some or all of its accounts opened in the bank and the funds in the accounts to the creditor in the form of floating guarantee. When the debtor cannot pay the debt on time, the creditor can receive priority for the funds in the account and can take over a form of security using this account.

2. The specific requirements are agreed upon by both parties: If you borrow from a bank, the two parties will generally agree that the borrower will transfer all the funds in the pledged account, belonging to the pledged account, arising out of or related to the pledged account. All present and future interests in and all monies deposited or otherwise credited to such pledge account from time to time, together with all interest accruing on such monies, are pledged and transferred to the Bank as security.

3. Before the borrower repays all the funds, the borrower must deposit the agreed funds into the account and provide documents; without the consent of the bank, any funds under the pledge account may not be withdrawn, transferred, or disposed of at will.