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Thread: Central bank of China starts to cut waiting time at banks

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[quote=KEVIN0518,234240]In China, you must have this kind of experience. If you want to withdraw or deposit some money at banks, you have to wait in a long queue because there are many customers at the bank and the staff have can not do their jobs efficiently. 
At present, China central bank has adopted some measures to resolve this problem including raising the limits of withdrawing cash at ATM from current 5,000 yuan to 20,000 yuan within a day. The purpose is to encourage clients withdraw money at ATM instead of going to banks. Another measure is to realize that people can pay for the public utilities such as water, electricity via their accounts at any banks in the future. Now people have to pay for these at the bank where they start the accounts. The third is to give some training lessons to the staff to increase the efficiency. The central bank also encourages the commercial banks to make more payment channels including on line payment or via telephone calls. It also encourages people to make payment through non cash channels, for example, the credit cards. 
Hope those measures can take effect and ease the current situation.  
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