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.

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: 59

Governor

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

Q: Double withdraw at ATMs?

Has any of you seen chinese withdraw twice at ATMs?withdraw money,opt for receipt then opt to withdraw again then receipt again. i have noticed every chinese i see withdraw money does it twice,meaning ofcourse they take twice the time needed which can be annoying if ur in a hurry.i dont use the atm much so by 'every chinese i see' am talking an average of 20 people and not the same atm so location cant be a factor. is it a common practice? or is it just the 20 out of 1. 3 bil?

 

 

8 years 46 weeks ago in  Money & Banking - Beijing

 
Answers (4)
Comments (0)
Posts: 448

Governor

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

Most ATM machines in China allow only 2500 RMB to be withdrawn at a time while you can withdraw 5000 RMB per day with your ATM card.

Report Abuse
8 years 46 weeks ago
 
0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

ahhh the ATM hogger. withdraw all the money then when it is your turn you are left with nothing then you need to go on a trek to the next atm.

 

 

Report Abuse
8 years 46 weeks ago
 
0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

I think part of it is down to a deep distrust of banks by most Chinese (and a growing number of non-Chinese since the last economic crisis in the 'West').

 

As an example, whenever my wife withdraws money from an ATM she always gets a printed balance and receipt before AND after each transaction and checks they are correct before withdrawing money and before moving away from the ATM afterwards!

Report Abuse
8 years 46 weeks ago
 
Posts: 3044

Emperor

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

One thing is withdrawing funds from your savings account within China with a local ATM card, and another is using the ATM machine to get an advance of cash with your credit card from abroad.  The limits are different. 

Most banks rather have you use the ATM so you do not stand on line that long waiting for a teller to call your number, and in fact any deposits under 5,000 Rmb the teller will suggest to you to use the ATM next time.

Because of the time involved, many locals do use ATM's for withdrawing money from their accounts, but the maximum amount is 2500 Rbm per transaction, two maximum allowed per 24 hour period, or a total of 5,000 Rmb.  Due to lack of trust in machines and humans at banks, many Chinese will get a balance statement prior to transaction, then do transaction and also ask for a receipt.  If you make two withdrawals, it will take the person 10 to 15 minutes to complete everything, to the dismay of others waiting their turn in line. 

In my city, I have found that if I go to the Bank of China at either 15:00 hours on week days, or between 8 and 9 pm in evenings of week days, no one is using ATMs, and it takes men less than 10 minutes to do whatever I need.  i do avoid banks and ATM machines on week ends and holidays.

Report Abuse
8 years 46 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: Most of the companies still use traditional methods of hiring such as,
A:Most of the companies still use traditional methods of hiring such as, interviews, resume reviews, background screening, etc. HR professionals still follow the several, decades old pattern of personality assessments but in a quicker and efficient way, which will yield accurate results. Employee assessments tools are extremely beneficial in realizing the results are quantifiable and go a long way in ascertaining the work style and behavioral attributes of potential employees before they set foot into your company. In-fact they take out the guesswork involved in recruiting the employees who can work together.  The major benefit of the assessment tools is not confined to the hiring process, but also used as an effective tool of employee retention. The assessment tool will identify the gap between employee work style and job needs. They provide you a road map for recruitment of prospective employees and the further development of essential traits such as, leadership ability, individual development, team communications and conflict resolution. It will also help the employees to make better, satisfying and successful career choices. Nowadays more and more organizations are integrating personality assessments with skill tests, leadership evaluations, 360-degree assessment, evaluation and feedback, disc personality profile and behavioral assessment. -- LoganMountgarre