Is there a handling fee for AliPay's living money management?
There is no handling fee for AliPay's live money management. Whether it is transferred in or out, it is free, and there is no free quota. That is to say, no matter how much money the user transfers into live money management or sells, there is no handling fee, because live money management supports money funds, just like Yu 'ebao.
Living money management is a monetary fund product, which mainly invests in short-term monetary instruments (generally within one year, with an average term of 120 days), such as government bonds, central bank bills, commercial bills, bank time deposit certificates, short-term government bonds, corporate bonds (with high credit rating) and interbank deposits.
In addition to no handling fee, Alipay has the advantages of good security and stable income. Therefore, Alipay is suitable for users who are risk-averse but want to expect higher returns than bank demand deposits. Alipay has stable income and high liquidity, which is suitable for users who can accept the non-real-time arrival of funds.
Last reminder: Although the current gold tube is similar to Yu 'ebao, the money in the current gold tube cannot be taken out anytime and anywhere like Yu 'ebao. If you want to withdraw the money, you need to sell all the money funds, wait for the system to settle, and then the funds will arrive, which will take about two days.