What is the outbound travel deposit in Bank of China personal online banking and mobile banking?

BOC Guarantee-Outbound Travel Deposit Function Introduction:

BOC Guarantee-Outbound Travel Deposit (also known as "Travel Deposit") provides individual customers with applications for outbound travel deposits. Payment of security deposit. The outbound travel deposit is a guarantee required by the travel agency to prevent tourists from staying abroad and not returning. In response to illegal behaviors such as illegal possession of interest on your deposit by many travel agencies, delayed refunds or arbitrary deductions from the principal of the deposit, or even escaping with the money, the National Tourism Administration issued a special notice in the early stage, proposing that "if an outbound travel deposit is collected, banks should be involved." Fund Custody Method” requirements. Accordingly, with the outbound travel deposit function of Bank of China’s mobile banking, you can use this function to realize the bank’s custody of your outbound travel deposit, that is: after confirming with the travel agency, you can pay the travel deposit at Bank of China, and Bank of China will take charge of your outbound travel deposit. It will be frozen. After you return from the trip, Bank of China will refund the deposit to you for normal use according to the instructions of the travel agency.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GO APP to handle related businesses.