What is the daily profit of 1000 yuan for Zero Money Pass? Is it reliable to store money in the Zero Money Pass?

Tech 2023-07-07 19:10:51 Source: Network

With various banks lowering their deposit rates, the one-year fixed deposit rate is less than 2%, which is not as high as the 7-day annualized yield of WeChat Money Connect. Many people may not be clear, is the security of a bank the same when money is placed on WeChat's change account?With the popularity of mobile payment, our life is increasingly inseparable from mobile payment

With various banks lowering their deposit rates, the one-year fixed deposit rate is less than 2%, which is not as high as the 7-day annualized yield of WeChat Money Connect. Many people may not be clear, is the security of a bank the same when money is placed on WeChat's change account?

With the popularity of mobile payment, our life is increasingly inseparable from mobile payment. For some elderly people, WeChat Pay is more widely used.

For the convenience of daily use, many people choose to put their money on WeChat. If they simply put the money in the change, there will be no profit. WeChat's change account can not only be activated at any time, but also generate certain profits, so it is deeply loved by people.

Just open the WeChat wallet and you can see the daily revenue situation. But I don't know if you have noticed the benefits of WeChat. It is constantly changing, even if your money hasn't moved, today's benefits may not be the same as tomorrow's.

Some attentive friends will find that WeChat's change account has a significant difference in revenue compared to bank revenue. Although it says the 7-day annualized yield, this yield is also constantly changing, with the highest being over 2% and the lowest being only 1.4%. The change in returns is relatively significant.

So how much profit can you earn by depositing 1000 yuan in WeChat change account?

The calculation of returns in WeChat Zero Money is closely related to the amount of money deposited. If the amount of money deposited is greater than 10000 yuan, the returns are calculated based on 10000 shares of returns. If the deposited money is less than 10000 yuan, then it is calculated based on the 7-day annualized income.

It can be said that if 1000 yuan is stored on WeChat Zero Money, calculated based on the highest and lowest returns, the daily return of 1000 yuan is between 4 cents, 4 cents, and 6 cents.

When calculating returns, we can find that placing money on WeChat's change account actually purchases the corresponding monetary fund. In WeChat, we can find that the products we choose can be freely switched, and the 7-day annualized returns corresponding to different monetary fund products also vary.

Some have higher 7-day annualized returns, while others have lower 7-day annualized returns. For us users, we can make flexible choices, but when we replace the product, we will find that we will lose two days of profits.

So is it reliable to store money on WeChat Zero Money? Is it safe to deposit it in a bank?

First, we saved the money in WeChat Money Connect, which actually purchased the corresponding monetary fund in disguised form. Although the Factor of safety of monetary fund is relatively high, it is difficult to lose money.

But when buying a fund, the returns change with changes in the market. Although the current returns are positive, it is also difficult to ensure that future returns are positive.

That is to say, putting money on WeChat's change account does not guarantee principal and interest. It is fundamentally different from bank time deposits. Although the interest rate is relatively low now, the return on the deposit is principal and interest protected.

In addition, the money inside WeChat Zero Money is not protected by deposit insurance. Although WeChat has launched WeChat Bank and joined the deposit insurance industry, deposit products are also protected by deposit insurance.

But WeChat Zero Money Connect actually means that we have purchased our own funds into the corresponding currency fund. The funds purchased are not covered by deposit insurance.

This also means that if something happens to WeChat, the money we keep in WeChat pocket money will not be able to enjoy the protection of deposit insurance.

As for friends who deposit money in the bank, they know that all banks have joined the deposit insurance. According to the deposit insurance regulations, as long as the depositor keeps the deposit amount within 500000 yuan, even if the Bank failure goes bankrupt, the depositor's deposit principal and interest can be fully compensated.

Of course, WeChat's current situation is unlikely to lead to bankruptcy, but the money in WeChat's Zero Money Pass is indeed not protected by deposit insurance. If you have a large amount of funds, please choose to store them rationally.

In addition, actually storing money in WeChat change also poses certain security risks. Although WeChat has multiple security guarantees, what should we do in the event of funds being stolen?

Maybe some people will say that their mobile phones are lost, and they don't have to worry about the startup password. There is a password for logging in to WeChat, and there is a password for WeChat Pay. Under the protection of triple passwords, there is no possibility of funds being stolen.

But is it really like this? You can find the answer by searching for relevant cases on the internet.

Moreover, as a communication tool for chatting, WeChat is often used for chatting, and it is difficult to avoid encountering illegal links during chatting. These illegal links may come from sharing with friends or accidentally clicking on them while browsing the webpage.

Once one's mobile phone related information is stolen by others, the money stored in WeChat Zero Money may also be embezzled. However, this is still quite reassuring. WeChat has purchased corresponding insurance for all customers. Once the funds are stolen, you only need to submit the materials according to the corresponding requirements, and once WeChat approves, you can receive the claim.

In addition to this security risk, if inappropriate comments are made or inappropriate content is forwarded during the use of WeChat, it is likely to encounter the consequences of being banned.

Once WeChat is banned, it is sometimes difficult to withdraw the money from it. A netizen once said that the money in their WeChat account was inexplicably frozen, and the reason was actually suspected of illegal transactions.

However, the netizen stated that they operate an online store and WeChat is used for daily settlement. Once the account funds are frozen, it directly affects the store's cash flow and subsequent work cannot be carried out. In the end, the netizen tossed around for several months, but still took out the money through legal means to unfreeze it.

So don't store all your money on WeChat, once frozen or banned for some reason, it may be difficult or even affect your life.

The returns of WeChat change money are sometimes higher than bank fixed deposits, but we should also be aware of the risks faced when depositing money in WeChat change money.

Would you choose to leave your money on WeChat or in the bank? Feel free to leave a message in the comments section for discussion!

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