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Personal Banking > Intermediary Service > Payment and Settlement
Payment-and-Settlement

Inter-city Deposit Collection is Hua Xia Bank's service enabling the relocated customer to deposit and withdraw funds in another city. 
The relocated customer may file for collection at the local Hua Xia Bank in the new city upon presentation of valid ID card and Certificate of Deposit (passbook). The token is Hua Xia Bank's passbook/Certificate of Deposit.

Features:
Hua Xia Bank outlets provide services for collection acceptance, account transfer, cash withdrawal, and tenor rollover. The customer is not required to withdraw fund at the original city of bank account, which saves time and expenses.

Fees:
The service fee for Inter-city Collection on RMB Deposit is assessed at 8‰ of the nominal value of collection. The customer may file for collection on multiple Certificates of Deposit (passbook) at the same time and in the same outlet.

Applicable Clients:
Residents in P. R. China

Service Channels:
The customers may file for Inter-city Collection on RMB Deposit at service counters of Hua Xia Bank outlets.

How to apply?
1. The customer presents his/her valid ID card or the representative’s , Certificate of Deposit (passbook) and applies at the Hua Xia bank in the city of relocation. 
2. Upon receipt of credit advice, the customer presents the "Temporary Receipt" issued by the appointed bank for deposit rollover or withdrawal.

Tips:
1. In case the customer files for inter-city collection and tenor rollover on matured Time Deposit, the value date starts from the date of fund transfer by the original bank of deposit. In case there is no tenor rollover request, there is no in-transit interest, which differs from tenor rollover. 
2. In case the customer files for inter-city collection on immature Time Deposit, the transaction is treated as early withdrawal before the commencement of deposit rollover. 3. In case the customer files for inter-city Certificate of Deposit (passbook), regardless the deposit is mature or not, the date of account closed in the original bank of deposit is the date for interest computation. The interest for mature or immature deposit is computed by the original bank of deposit and is transferred to the appointed bank along with principal.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.