Online IB - Your Helper for Family Finance

IB Internet Banking Launches Family Finance Services

As the concept of family finance has become increasingly deep-rooted in people's minds, more attention is being given to the management of assets from the perspective of the whole family and the planning of finances. This includes budgeting monthly basic family expenditure, paying housing loans, car loans and credit card bills, periodic investments in pension funds, fund investment for children's education and investment in the capital market, so as to ensure that the value of assets will remain stable or rise.

In order to meet the diverse demands involved in family finance, the Industrial Bank's internet banking -“Online IB”, has launched a family finance service. The service makes family financing a matter of ease by taking advantage of the powerful and comprehensive functions that internet banking provides. This enables clients to manage various family finances without having to set a foot in the bank.

The family finance function of “Online IB” enables clients to bind the IB cards of several users to a single online-banking log-in account. Each card can be operated either collectively or independently, which means that capital can be managed as a whole or in several separate accounts.

For example, supposing that Mr. Luo has applied for an IB online-banking account. Not only can he manage the several IB cards in his name under the said online-banking account, but he can also include the IB cards of his wife for the purpose of centralized management. Using this online-banking account, Mr. Luo can pay various family expenses online, such as water, electricity, telephone and gas bills. He can also make pre-determined money transfers to remit money to his parents (that do not live locally) using an IB e-card without the need to pay inter-bank transfer fees (IB e-cards can transfer money to other banks free of charge provided that there is an IB outlet in the area in question). Using the automatic fund investment plan function, he can use his wife's salary to make regular investments in two kinds of funds to prepare for retirement and the financing of his children's education and marriage. Meanwhile, Mr. Luo can also initiate third-party depository, gold investment and foreign exchange transactions. He can carry-out various investment plans through IB online banking with ease in order to maintain or even increase the value of his assets.

In addition, Mr. Luo can also monitor the dormant funds in his bank account, securities account and financing account at any time through online banking. Moreover, he can also lump such funds into various accounts using the transfer function of internet banking so as to reach IB's threshold for notice deposit, thus earning more interest income (The interest earned from IB's notice deposit can be as high as 3.37 times the interest made from demand deposits). In case of occasional poor capital turnover or of temporary demand of monies, Mr. Luo can obtain self-service loans through online banking. He can also convert the relatively long-term assets such as time deposit and treasury bonds into cash to meet his current needs.

These complicated financial and investment matters can be either handled centrally through a person's single bank card or can be handled separately through the bank cards of several different people. Regardless of whether clients handle transactions jointly or separately, both are managed by a single internet banking account.

Meanwhile, the fund rates and commission charges of gold and foreign exchange in “Online IB” are the lowest in the industry. Moreover, Online IB is the only online bank among China 's mainstream banks that provides the double security of a NetShield and transaction SMS protection. These features make online banking highly secure in addition to being just convenient. Internet banking is a true helper for your family's finances.