You can't withdraw cash from the deposit machine. Ring deposit means that consumers directly ring (deposit) the money in the bank account on the IC card, and consumers can spend it by credit card, thus avoiding the risk of carrying cash change, loss, counterfeit money and being robbed. Most of the funds are spent by individuals in a specific consumption environment.

Extended data

Use process

Teachers and students who need to transfer money from the bank to the school sign transfer business agreements with the bank and the school, and set transfer conditions (such as the lower limit of the account is lower than a set value, and the amount of personal account transfer each time).

The system regularly checks the customer accounts of the system every day, forms a transfer application form from the list of people who meet the transfer conditions, and sends it to the bank through the agreed communication method.

The bank regularly checks the application documents every day and decrypts them after receiving them to form a transfer result file.

Send it back to the application host. The host will explain after receiving it. If it succeeds normally, it will be recorded as an exception.

Teachers and students with campus cards can receive the corresponding transfer amount through the self-service cashier.

References:

Baidu encyclopedia-quanchu