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Banks

Banks are important in people's life everywhere, especially in Shanghai. There are two reasons: 1) Shanghai is the financial center, and it impacts the people's life here - people are closer to financial management, fund, and stock than many other cities. 2) Online banking is not as good as what we expect, so people have to take time to find the right bank, line up, and wait for the clerk to get things done. Please check my experience with banks in Shanghai, and sometimes with banks in China.

Articles in Banks

Trans-Bank System Finally Available Nov 19, 2007
China's bank is always far behind its peers in other countries, while businesses in many other industries are quickly catching up the international standard. I am so bored of waiting in line in Banks in China, no matter it is...
Exchange (Lot of) Coins to Paper Money Aug 5, 2007
This is Mike's question, my first answer, and his follow-up question: Hi Wang Jian Shuo, Do you know where in Shanghai I could change coin money to paper money? I have a lot of coin monies, like 1 yuan coin,...
Cash on Delivery Still Preferred Oct 22, 2006
Got an email today asking me whether he has successfully booked air ticket via elong.net. The question was, he was not asked for details of credit card information (such as credit card number, holders name) while the system just reported...
Why Fudan University Only Accept Cash Feb 8, 2006
Edwin spent 5 days reading this blog to prepare for his/her jouney to Shanghai for short term language program at Fudan University, but still have some questions to ask. Among them, this one is particularly interesting: Fudan says I have...
Credit Cards Offer Discount at Preferred Stores Feb 6, 2006
I hold credit card from the year of 1999. At that time, Credit Cards are not as popular as today. Most of the cards at that time are debut cards. But I never experienced discount offering as often as today....
US Credit Card Fraud Infected China (and Me) Jun 23, 2005
Yesterday morning, when I stepped out of my office around 11:50 AM, a customer service representitive from the China Merchant Bank (my favorite bank in China) called my mobile and asked if I have a credit card ending with number...
Visa Card on ATM in China Jan 14, 2005
I received my Bank of America Platinum Check Card before I came to Chengdu. There is a Visa logo on it. It means, I can access my money I deposited in U.S. at all ATM machines here. To check whether...
Benz Taxi Accepts Credit Card Mar 4, 2004
Benz Taxi accepts credit card and the price is the same. I took a picture of the Benz taxi yesterday. From the picture, you can see the taxi begin to accept credit card. It is not news in U.S.,...
Cross Bank Money Transfer Now Possible Feb 4, 2004
Believe it or not, it was impossible to transfer money from one bank to the other easily before. No matter how huge the amount it is, you have to withdraw cash in one bank counter, bring it to the other...
ICBC - A Customer's Experience Feb 3, 2004
Update: Fraud Alert! October 06, 2006 Warning: If you happen to be ready to contact a person named Wang Yang Lee or other persons in ICBC that you have won a lottery, please STOP now! It seems to be a...
Service Quality of Banks in China (Shanghai) Feb 3, 2004
I told a short story of the service level of banks in China yesterday. In the story, a foreigner argued with the teller that the teller should help to fill in the form for him. Many people commented on the...
ICBC Card Feb 24, 2003
I have a very interesting card - the ICBC credit card. It can only withdraw cash from ATM machine outside P.R.China but not within the country. It is a card issued by Industry and Commercial bank of China! How strange...