On April 18th, MYbank released the “Announcement on Business Adjustment and Welfare Fund Upgrade Related to MYBank Class II Accounts”. According to the announcement, starting from April 21, 2022, MYbank will gradually suspend operations related to Alipay withdrawals or transfers to MYbank Type II accounts, and MYbank Type II accounts will only support the transfer of personal bound bank accounts. It is reported that during the epidemic, MYbank supports the transfer of bank accounts (supported by myself and others) with no limit on the amount. At present, the Alipay account balance transfer can be directly operated on the MYbank applet, and the transfer limit is 10,000/day and 100,000/year, which is subject to the page display. According to relevant regulations, the current account of MYbank will no longer support the transfer of funds from “Alipay balance”, and users can transfer funds by remittance from other banks or to others. According to reports, MYbank officially opened on June 25, 2015. It was initiated by Ant Group and approved by the China Banking Regulatory Commission. It is one of the first private banks in China. There are no offline outlets, and services are provided to users through the Internet. .
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