2010-08-17 Bank Charges

2010-08-17 14:33:46    m.cri.cn    Web Editor: Baocongying
   In some parts of China the commercial banks have recently raised the fees charged to customers for withdrawing cash from other banks ATM's.
 
An online survey conducted by Chinese website Sina.com showed that almost 90 percent of respondents think the increased charge is exploitative, and will have a negative impact on what is known as the cross-bank withdrawal business.
 
Now China's Banking Regulatory Commission says that to improve customer service it's considering revising the banks service pricing regulations.
 
The issue has also raised concerns about the way banks make their profits and how they charge customers for their services.
 
So what needs to be changed, and how do banking systems in other countries work?