Author: futsanglung

Banking services   [Copy link] 中文

Rank: 3Rank: 3

Post time 2018-5-12 23:55:19 |Display all floors
Complaints about poor banking OTC services are acceptable in order to bring about awareness and subsequent improvements. They are using old banking technologies and thus are consuming time of all plus a sheer waste of papers ( how do they store trillion sheets of papers over the decades ? ).

However, as foreigners opened their accounts with PASSPORT, therefore the only proof of your account(s) is via PASSPORT for OTC services. No Teller or Branch manager will take identity risk and it is for the security of foreign customers as well. The ONLINE banking services have improved vastly and simple to use EXCEPT that foreigners are limited to local transactions in RMB only. This latter restriction should be removed since all clients ( locals and foreigners ) ought to be treated equally.

One other matter is that English language speaking staffs / agents via telephone conversations was / maybe still is truly hopeless whose commands of English lingo is so poor , typically the Bank of China # 400 669 5566 . Why couldn't it hire top class fellows to act for them over the phone 24/7 or instead use CHAT sessions so records could be kept?

OK, use your PASSPORT for OTC-Teller services is the best bet. No other excuses for the sake of your own security of your money !










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Post time 2018-5-13 21:30:08 |Display all floors
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Post time 2018-10-7 09:18:40 |Display all floors
Major banks in China have changed banking rules that affect installment repayments of Credit Card debts in that installments to repay monthly are NO longer allowed without "punishments". In the past years, clients were allowed to repay up to 20% monthly of outstanding debts or the full repayment amounts due without monetary penalty ( penalties appearing to be higher than Credit Card by at least 2 times more in which such rules / practices are virtually "robbing" their loyal clients, unfairly ).

Hoping authorities of the Central Bank Beijing will study the hardships caused to people who believe in Chinese banking practices / services.

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Post time 2018-10-9 12:17:42 |Display all floors

No monthly installment repayment allowed to rob on purpose? It used to have a choice between paying off “Full Sum” or “Min Sum” or “User’s Choice.

The system now charges the usual 21% annual rate and on top of the “punishment rate” of about 60% which totals 81% of the outstanding unpaid debt / line of credit. Isn’t this 81% annual rate a daylight robbery?

As learned and brought to my attention that Credit Cards were being "frozen" without notice to affected clients even though up to 30% monthly repayments were made regularly. The impediment can cause very risky and dangerous financial huge losses ( including possible deaths and bodily impairments ) to clients in cases of unexpected emergencies such as typhoons, cyclones, fires, floods, earthquakes, outbreaks of diseases, accidents, etc....etc...etc..., because drawing down of funds via ATM or repayment apparatus to pay mandated "deposits guarantee first before treatments & services" could be hampered or cut-off.   

Banking Authorities must never overlook such banking impediment that is very likely to cause personal damages to people of all walks of life and in turn to cause embarrassments to all of us, You and Me too ( irrespective of whether legally permitted foreigners or local citizens living inside China ) !!  

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Post time 2018-10-10 20:29:37 |Display all floors
Shame The government has now stopped foreigners from buying foreign currency in china bank, unless they have an account. Of course just open an account i hear you all shouting....
Well to do that they want tax invoices from your employer for every year in china. This just recently happened when Trump upset them....
if you want something in life get off your backside, and do it yourself!! don't rely on others to do it for you

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Post time 2018-10-10 20:36:58 |Display all floors
And to transfer money thru western union or money gram must also have an account at the everbright bank. And yes they want tax invoices....
i think the best way is just to make a few trips back home, And take your money with you. They are trying to stop money from.leaving china. i think The most you can take out is 5k usd or eqivelent plus 20k in rmb....
i never leave more than 50k in my bank in china anyways. why would anyone want to leave their money in The chinese bank account when so many restrictions are in place?
if you want something in life get off your backside, and do it yourself!! don't rely on others to do it for you

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Post time 2018-11-15 23:31:07 |Display all floors
parcher Post time: 2018-10-10 20:36
And to transfer money thru western union or money gram must also have an account at the everbright b ...



Weel sed parcher

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