Why does Bank of Communications 202 1 have a credit card limit?

Recently, the topic of lowering the online trading limit of personal accounts by a number of banks has sparked heated discussions. Many users are worried that it is inconvenient to transfer money and spend money after being restricted, and they are not clear why they are restricted. They want to know how to increase the trading limit.

What is the limit of traffic bank card in 2022?

The limit of traffic bank cards is mainly to set a capital ceiling for customers' bank cards. If the customer's transfer, cash withdrawal or remittance reaches this capital limit, the balance in the bank card can no longer be transferred out. Under normal circumstances, Bank of Communications will restrict transactions on accounts with long-term abnormal or long-term unused amount. Because such accounts are easy to involve telecom fraud or money laundering, it will restrict personal online banking transfer, mobile banking transfer, online transactions and other non-counter businesses of such accounts.

How to lift the trading restrictions?

The limit of traffic bank cards can be lifted through online and offline channels, as follows:

1. Offline channel: Users can go to the business outlets of Bank of Communications to cancel the transaction limit with their ID cards and bank cards.

Second, online channels: customers can directly register and log in to the mobile banking APP of Bank of Communications, and follow the following steps after binding the bank card:

1 Log in to the mobile banking APP of Bank of Communications, search for "Transfer Settings", and click "Enable and Manage Mobile Transfer";

2 Click "Modify" to modify the daily limit, annual limit and transaction number of mobile banking;

3 The transfer limit will take effect immediately after it is successfully modified.

It should be noted that if the customer opens a second-class card account, the transaction amount is fixed. If the amount cannot meet the transaction demand, it is best to bring my bank card and ID card to the business outlets to consult the bank staff on how to handle related business. In addition, customers still need to modify the trading limit according to actual needs to better protect their own funds.