Account Income and Expenditure Management I. Definition Account income and expenditure management refers to the service that the Bank, according to customer’s demand for fund management, assists the customer in managing fund source or utilization of the account to keep funds safe.
II. Requirements After the customer presents relevant evidentiary materials to the Bank’s outlet and signs an agreement about the account income and expenditure management, the service of account income and expenditure management can be offered.
III. Features and Advantages It can transform the cumbersome financial management inside the enterprise into strictly regulated banking management.
Account Balance Management I. Definition Account balance management refers to the service that the Bank, according to customer’s demand for fund management, assists the customer in controlling the account balance, and offers management of zero balance account or designated balance account to help the customer maintain the minimum capital occupancy.
II. Requirements After the customer presents relevant evidentiary materials to the Bank’s outlet and signs an agreement about the account balance management, the service of account balance management can be offered.
III. Features and Advantages The Bank can according to the customer's instruction, to manage the account balance in various modes and help the customer complete fund collection in a convenient, fast and secure manner. It can transform the cumbersome financial management inside the enterprise into efficiently and strictly regulated banking management.
Payment Control Management I. Definition Payment control refers to the service that the Bank reserves account balance according to the customer's instruction to ensure key payment or capital security.
II. Requirements After the customer presents relevant evidentiary materials to the Bank’s outlet and signs an agreement about payment control, the service of payment control can be offered.
III. Features and Advantages 1. It can effectively protect security of the enterprise’s funds; 2. It can ensure the enterprise's fund demand for some unexpected key payment.
Electronic Receipt Cabinet I. Definition Electronic receipt cabinet refers to the self-service business that the Bank leases the electronic receipt cabinet to the customer so that the customer can not only manages receipts conveniently, but also check account information through the electronic receipt cabinet.
II. Description Electronic receipt cabinet is a modern self-service machine for banks. Its most important function is to send and withdraw customer receipt. It can provide the customer with services of inquiring balance of account of domestic currency and foreign currencies in real time, and daily accounting details. Meanwhile, it can also print not-full-page accounting.
III. Requirements The customer signs an agreement of using electronic receipt cabinet with the Bank.
IV. Features and Advantages 1. It enhances automation of customer account information inquiry and increases efficiency of financial management; 2. It makes it convenient for the customer to withdraw the receipt timely so that the customer doesn’t have to wait in line; 3. The electronic receipt cabinet adopts smart IC card management. There is no need for the customer to memorize the account number and location of the cabinet door for receipt claim as the system can automatically pop the customer’s receipt cabinet to offer convenient and fast services for the customer’s business operation.
Funds Control of Settlement Account I. Description Funds control of settlement account is a kind of financial service where ICBC as per escrow agreement signed with the supervisor and letter of attorney issued by the supervisee, and according to the supervisor’s approval instructions or escrow conditions preset, controls and manages payments under escrow & settlement account of the supervisee and furnishes reports on escrow.
II. Requirements 1. If a client wants to apply for the funds control services, the supervisor shall open a settlement account with ICBC first and the supervisee shall establish or designate a corporate settlement account for exclusive use, which is used to separate funds of other nature of the supervisee. 2. The supervisor, supervisee and ICBC should sign Agreement on Funds Control Services of Settlement Account under Cash Management; the Application for Funds Control Business of Settlement Account on which the corporate customer’s stamp is affixed shall be provided; if the supervisor chooses approval in the form of paper documents, it shall provide specimens of such paper approval documents and leave us a preserved seal for exclusive use.
III. Features and Advantages 1. Strict funds control guarantees high safety of payments. Every payment application initiated by the supervisee through any ICBC channel will be under control, which ensures that use of funds complies with the supervisor’s requirements. Meanwhile, the supervisor only has the power to enquire about funds in such account and decide on whether to approval application for funds use of the supervisee, with no possibility of appropriating funds from the supervisee’s account. 2. Approval by the supervisor is convenient. Two approval forms are provided: pre-approval and online approval. If pre-approval is chosen, the Bank can perform all approval formalities on behalf of the supervisor based on paper approval documents provided by the supervisor. While online approval enables the supervisor to make real-time approval operations via corporate online banking. 3. Various statements of funds control will be provided for the supervisor to satisfy its needs for post knowledge of funds under escrow and for multi-perspective analysis on funds use of the escrow account. 4. A variety of convenient channels are provided for the supervisee to make payment with funds under escrow, which accelerates approval speed, increases payment efficiency and reduces costs of communication between the supervisor and the supervisee.
Self-service Receipt Printing I. Definition Self-service receipt printing for corporate account is a self-service rendered by ICBC where corporate customers, with ICBC Cash Management Account card or Visa card certificate of corporate online banking (corporate customer service card), log onto any self-service receipt printer located in any ICBC outlet to inquire about balance and transaction details of its account and to print (or reprint) receipts and detailed statements.
II. Requirements Customer shall sign relevant agreement on self-service receipt printing with ICBC and handle formalities related to ICBC Cash Management Account card or Visa card certificate of corporate online banking (corporate customer service card).
III. Features and Advantages 1. Customers can inquire about and print receipts any time they want to. 2. Customers can help themselves with services related to receipt, statement, transfer and inquiry, saving them time of queuing. 3. Customer inquiry about account information is made more automatic, which increases their accounting management efficiency.
Others As for other settlement products under account management like statement customization, account information changes etc., or in need of other settlement services under account management, please consult with your local ICBC bank or call 95588.
Notes: Information provided herein is only for your reference. Specific business is subject to announcements and rules released by local ICBC outlet.