Banking Fees: New Wave of Increases

Starting July 2010, many Chinese banks increased their fees on inter-bank cash withdrawals. Lifeofguangzhou.com has collected some prices from the internet.

China Merchants Bank
Intra-city and inter-bank: 2 yuan / transaction
Inter-city and inter-bank: 5% of transactions (minimum charge 5 yuan, no maximum limit) + 2 yuan
Inter-city and intra-bank: 5% of transactions (minimum charge 5 yuan, no maximum limit)

China Citic Bank
Intra-city and inter-bank: Each month, free for the first two transactions per month and then 2 yuan / transaction
Inter-city and inter-bank: 5% of transactions + 2 yuan
Inter-city and intra-bank: 5% of transactions

China Everbright Bank
Intra-city and inter-bank: Each month, free for the first two transactions and then 2 yuan / transaction
Inter-city and inter-bank: Each month, free for the first two transactions and then 5% of transactions (minimum charge 5 yuan, maximum charge 25 yuan) + 2 yuan//transaction
Inter-city and intra-bank: free

Guangdong Development Bank
Intra-city and inter-bank: Free for the first 3 transactions and then 4 yuan / transaction
Inter-city and inter-bank: Free for the first 3 transactions and then 4 yuan / transaction Inter-city and intra-bank: Free

China Minsheng Bank
Intra-city and inter-bank: Free for the first 3 transactions and then 2 yuan / transaction
Inter-city and inter-bank: 5 yuan / transaction
Inter-city and intra-bank: 5 yuan / transaction

Huaxia Bank
Intra-city and inter-bank: Free for the first transaction and then 2 yuan / transaction
Inter-city and inter-bank: Free for the first transaction and then 2 yuan / transaction
Inter-city and intra-bank: Free

China Construction Bank
Intra-city and inter-bank: 4 yuan / transaction
Inter-city and inter-bank: 1% of transactions (minimum charge 2 yuan, no maximum limit) + 2 yuan/transaction
Inter-city and intra-bank: 1% of transactions (minimum charge 2 yuan, maximum charge 1,000 yuan)

China Industrial Bank
Intra-city and inter-bank: Each month, first 3 transactions are free, then 2 yuan / transaction
Inter-city and inter-bank: Each month, first 3 transactions are free, then 2 yuan / transaction
Inter-city and intra-bank: Free

Bank of China
Intra-city and inter-bank: 4 yuan / transaction
Inter-city and inter-bank: 12 yuan / transaction
Inter-city and intra-bank: 10 yuan / transaction

Bank of Communication
Intra-city and inter-bank: minimum charge 2 yuan / transaction
maximum charge 4 yuan / transaction
Inter-city and inter-bank: 2 yuan / transaction + 8% of transactions (minimum charge 5 yuan,no maximum limit)
Inter-city and intra-bank: 6% of transactions (minimum charge 1 yuan, no maximum limit)

China Agricultural Bank
Intra-city and inter-bank: 4 yuan/transaction
Inter-city and inter-bank: 1% of transactions (minimum charge 1 yuan, no maximum limit) + 2 yuan / transaction
Inter-city and intra-bank: 1% of transactions (minimum charge 1 yuan, no maximum limit)

Industrial and Commercial Bank
Intra-city and inter-bank: 4 yuan / transaction
Inter-city and inter-bank: 1% of transactions (minimum charge 1 yuan, maximum charge 50 yuan) + 4 yuan / transaction
Inter-city and intra-bank: 1% of transactions (minimum charge 1 yuan, maximum charge 50 yuan)

Updated in August 2010, information collected from Internet, Lifeofguangzhou.com is not responsible for its accuracy.

(By Yang Na, David Keyton)

Source: Lifeofguangzhou.com

Editor: Jessie Huang