The banking system will automatically search regularly. For RMB company demand deposit accounts with normal status of 12 months and no receipt/payment activities (except interest settlement and batch charging transactions), the system will automatically search and generate the Report of Time Account Transfer to Company Bank at the beginning of each month, and the opening bank must download the Report of Time Account Transfer to Company Bank within 5 working days at the beginning of each month. Issue the Notice of Closing the Long-term Fixed Account of China Bank Co., Ltd. Shenzhen Branch to the depositor of the current deposit account of the institution who intends to transfer to the RMB fixed account, and notify the depositor to open the account within 30 days from the date of issuance of the notice. If the account is overdue, it will be deemed as automatic account cancellation, and the untransferred funds will be included in the special account management under the product of "5 1 1 RMB fixed account".
For more information, you can consult the corporate bank.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.