Is there a handling fee for local cross-bank withdrawals?

There is still a handling fee for local cross-bank withdrawals.

At the regular press conference held by the China Banking Regulatory Commission on July 8th, Guo Wuping, director of the Consumer Protection Bureau of the China Banking Regulatory Commission, introduced that the China Banking Regulatory Commission, together with the People's Bank of China, instructed the China Banking Association and the China Payment and Clearing Association to reduce the inter-bank ATM withdrawal fee, and the fee standard was no more than RMB in 3.5 yuan. From July 25th, consumers can really enjoy the preferential policy of ATM inter-bank cash withdrawal fee.

According to reports, after the ATM inter-bank cash withdrawal fee is lowered, the inter-bank cash withdrawal fee in the same city will be lowered from around 4 yuan to 3.5 yuan, with a reduction rate of about 12%. The bigger drop this time is the cross-bank cash withdrawal. In the past, there were some fees for cross-bank cash withdrawal in different places, similar to roaming charges for calling in different places. This time, the variable handling fee for cross-bank cash withdrawal in different places was cancelled, and the standard was the same as that in the same city. The fee reduction rate of large-scale inter-bank cash withdrawal in different places is above 80%, which is more obvious than that of cash withdrawal in the same city.