China’s top five banks offer free mobile money transferring service
China’s five biggest lenders announced to waive fees for money transfer services through mobile banking system and give a free allowance of 5,000 yuan via online banking transfers starting from today.
“This is a specific measure to protect savers’ interest and improve banks’ service quality,” said a joint statement from Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications.
Source: Shanghai Daily (link opens in a new window)
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