ABC JOINS IN CHARGING FOR SMALL DEPOSIT ACCOUNT FEE
AsiaInfo Services, June, 2006
AsiaInfo Services 06-07-2006 ABC Joins in Charging for Small Deposit Account Fee SHANGHAI, Jun 07, 2006 (SinoCast via COMTEX) -- Agricultural Bank of China, the weakest among China's big four state-owned commercial banks, announced on June 5 that it will start charging on small RMB personal demand deposit account from this September. Thus, China's four biggest state-owned banks, as well as two other leading commercial banks, the Bank of Communications and China Merchants Bank, have all announced the fee charging on small deposit account. Except three experimental branches in Guangdong Province, Shenzhen city and Jiangsu Province, the other ABC branches will carry out the unified charging standard, CNY 3 per quarter, on its personal demand deposit account with a...
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