The login password is used to log in to mobile banking (that is, various banking apps downloaded by your mobile phone), and the transaction password is used to conduct transactions (fund changes) on mobile banking. For example, after you log in to mobile banking with your login password, you need to enter the transaction password if you want to do operations involving changes in funds such as transferring money, buying wealth management, and paying electricity bills.

The transaction password of mobile banking refers to the online banking payment password, which is also set when online banking is opened. In order to ensure the security of mobile banking accounts, each payment instruction must be entered with a transaction password, which is double-checked by the mobile bank card chip and the bank data center. The payment password is set by yourself when signing the mobile banking contract.