The place to ask China-related questions!
Beijing Shanghai Guangzhou Shenzhen Chengdu Xi'an Hangzhou Qingdao Dalian Suzhou Nanjing More Cities>>

Categories

Close
Welcome to eChinacities Answers! Please or register if you wish to join conversations or ask questions relating to life in China. For help, click here.
X

Verify email

Your verification code has been sent to:

Didn`t receive your code? Resend code

By continuing you agree to eChinacities's Privacy Policy .

Sign up with Google Sign up with Facebook
Sign up with Email Already have an account? .
Posts: 2186

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Q: Do the Chinese even use cheques?

I'm preparing a lesson on banking and money and I was writing about how in the UK cheques have largely died out to be replaced with debit cards and I realised I don't think I've ever seen a cheque in China. Do they exist? What about your home nation?

11 years 25 weeks ago in  Money & Banking - Other cities

 
Answers (4)
Comments (4)
Posts: 1876

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Cheques (checks fer th' 'Mericans) have not been used in China as they have always been a predominanty cash society. Back in the dynasty days, letters of credit were used by officials and nobles.

 

Certified cheques are still available through major ICBC branches.

ambivalentmace:

how much is the fee for a certified check at icbc

11 years 18 weeks ago
Report Abuse
Report Abuse
11 years 25 weeks ago
 
Posts: 1838

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Cheques (or checks) are used for business purposes. If you have a registered company here, to withdraw cash from a RMB account, you purchase the cheques from the bank. You need a little device for generating a PIN number each time, the main company stamp (chop) and the smaller, square legal representative chop. The cheques are not signed.

Report Abuse
11 years 25 weeks ago
 
Posts: 2763

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Who uses cheques now? Anyone? I imagine debits cards dominate anywhere one may use them.

 

:

Just yesterday, I shelled out 3/4 of a month's salary to the plumber.... by check.

 

My bank account is still weeping.

cool

 

11 years 25 weeks ago
Report Abuse
Report Abuse
11 years 25 weeks ago
 
Posts: 1989

Peasant

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

my company does.

bill8899:

May I ask what they use them for? Very large purchases? Inventory purchases?

11 years 22 weeks ago
Report Abuse
 

:

mainly large purchases, company to company...sometimes to withdraw cash...hope this helps :)

11 years 22 weeks ago
Report Abuse
Report Abuse
11 years 22 weeks ago
 
Know the answer ?
Please or register to post answer.

Report Abuse

Security Code: * Enter the text diplayed in the box below
Image CAPTCHA
Enter the characters shown in the image.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <br> <p> <u>
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Textual smileys will be replaced with graphical ones.

More information about formatting options

Forward Question

Answer of the DayMORE >>
A: If you renew your passport, update your bank with the new number, then
A:If you renew your passport, update your bank with the new number, then get issued a new bank card and try adding it to your WeChat wallet.
WeChat wallet doesn’t recognize that passport numbers can change, and you will lose access to it. -- Spiderboenz