Bank of China cancels annual debit card fees and management fees for small accounts

2022-08-02 0 By

The Bank of China (BOC) will cancel personal account fees, including annual debit card fees and management fees for small accounts, from February 1, 2022, in an effort to further reduce fees and transfer profits to benefit the people and enterprises.The picture shows the exterior of the head office of the Bank of China.Bank of China (BOC) said it will benefit hundreds of millions of customers by abolishing fees on personal accounts.In response to the call of the state, boc has taken the initiative to cut fees and yield profits to create high-quality financial services that benefit all and facilitate the people.Since 2021, debit card inter-bank ATM withdrawal fees and inter-bank RMB transfer fees in mobile banking have been reduced, and debit card swiping fees have been reduced.(Reporter Yao Junfang)