In order to further standardize the school-running behavior of teaching and training institutions and protect the legitimate rights and interests of students' parents, many education authorities have successively issued government-led tuition fund supervision policies. According to the actual situation and development requirements of the industry, Bank of China has established a tuition fund supervision system covering financial and non-financial comprehensive services, which is helpful to standardize market development. Among them, the non-financial function provides the registration of teaching and training institutions and the daily management services of the competent authorities, while the financial function provides the supervision services of tuition funds, including the functions of minimum balance control, fund allocation by stages and large transaction management.

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.