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Consigned Payment Transfer

I. Introduction
Consigned Payment Transfer is a function in which you sign Consigned Payment Transfer Agreement with ICBC Internet Banking, which authorizes ICBC to pay your service fees to the payee enterprises.

II. Target Client
Clients who periodically pay bills, such as insurance, water, electricity, etc., to certain enterprises.

III. Features
This function provides automatic bill payment, so as to prevent you from the trouble if you forget to pay bills.

IV. Application Condition
1.Before signing Consigned Payment Transfer Agreement with ICBC, you should first sign a relevant bill payment collection agreement with the payee enterprise, so as to obtain the corresponding number of bill payment agreement.
2. You should be a registered client of ICBC Personal Internet Banking. 

V. Service Channel and Time
ICBC Personal Banking provides you with 7×24 hours of round-the-clock services.

Ⅵ. Considerations
1. When signing up for Consigned Payment Transfer on Internet Banking, if you cannot find your payee enterprise on the list of enterprises that sign agreement with ICBC, probably this enterprise has not signed Internet Authorized Withholding Agreement with ICBC. In this case, please visit the local ICBC branch to sign up for Authorized Withholding.
2. When signing up for Internet Banking Authorized Withholding via credit card on Internet Banking, you cannot pay by overdraft. Moreover, the transaction area is the one where you open your credit card, and it only supports RMB transactions.

Responsibility Statement: The contents on this page are for reference only. The ultimate power of interpretation is under the Industrial and Commercial Bank of China Limited. For part of the contents, notice and specific regulations of local branches shall prevail.