A few days ago, China Merchants Bank (9. SH) announced that the bank will stop ATM scanning code deposit service from 0/0, and subsequently, customers can hold bank cards to handle deposit business through China Merchants Bank ATMs or go to the bank's business outlets.

Data with picture according to Visual China

In recent years, many banks have been tightening their cardless deposit and withdrawal business. When asked about the reasons for the adjustments, many banks said that it was based on the optimization of financial services, risk management and cost efficiency. According to incomplete statistics, in the past year, more than 50 banking institutions have announced that they will stop card-not-present deposits, card-free withdrawals, scanning withdrawals and other businesses. "It is expected that there may still be banks to follow up and adjust the card-not-present deposit and withdrawal business in the future." Lou Feipeng, a researcher at the Postal Savings Bank of China, said that after the adjustment of the cardless deposit and withdrawal business, customers need to bring bank cards for deposits and withdrawals, which will help better protect the safety of customers' funds and property. From the bank's point of view, it also helps them to do a good job in risk management and has a positive effect on reducing operating costs.

Source: 21th Century Business Herald

Editor: Chen Li

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