Does Changsha Bank charge any handling fee for inter-bank withdrawals?

Changsha Bank does not charge handling fees for inter-bank withdrawals. In 2022, as long as it is from UnionPay Bank, no handling fee will be charged. Changsha Bank is no exception. There is no handling fee for withdrawing cash from ATMs across the country. It means that there are no handling fees for deposits, withdrawals and transfers across banks and in different places. Furong Debit Card is a financial payment instrument with the "UnionPay" logo issued by Changsha Bank. It has functions such as cash deposits and withdrawals, transfer settlement, shopping and financial investment. It can be used at Changsha bank branches, telephone banking, online banking, mobile banking, WeChat banking, and special merchants with the China UnionPay logo. The card does not require guarantees and cannot be overdrafted. Cardholders must make a deposit before using it.

Operational characteristics

1. Adhere to serving Hunan and local development

First, serve the local area and be a subsidiary bank of the party committee and government. In line with Hunan provincial major projects and the Hunan Provincial Government's 20 emerging advantageous industry chain action plans, we will formulate marketing plans based on "one chain, one policy"; strive to build "on-balance sheet + off-balance sheet", "banking + investment banking", and "financing + financing" "Intelligent" comprehensive business model. By the end of 2017, it had supported more than 300 key government construction projects and granted credit exceeding 200 billion yuan.

The second is to serve small and medium-sized enterprises and act as a partner bank for small and medium-sized enterprises. The province's first small business credit center was established to provide unsecured loans of less than 1 million yuan to small and micro enterprises. The credit limit in 2022 will exceed 2.6 billion yuan. Innovatively launched the "1+N" model to serve small and micro enterprises, providing 40 billion yuan in loan services to 100 parks and 10,000 enterprises in three years. It has served more than 120,000 small and micro enterprises in total, and its credit to small and micro enterprises has met the "three no less than" requirements. It has been rated as "Advanced Unit for Small and Micro Financial Services" by the China Banking Regulatory Commission many times.

The third is to serve residents and become a people-friendly bank that is loved and recognized by the masses. It was the first to launch the National Furong Card with no handling fees for withdrawals; it actively undertakes the issuance business of social security, medical insurance, and subsistence allowances for 4 million citizens in Changsha, and fully ensures the issuance of new social security cards across the province, city, and state. Launched the Golden Furong financial management series, with cumulative sales exceeding RMB 150 billion in 2017, firmly ranking among the top ten urban commercial banks in terms of financial management capabilities. Vigorously develop housing loans, car loans, credit cards, consumer loans, etc. to serve the people's better life. Established the Changsha Bank Happy Yijia Charity Fund, joined hands with provincial and municipal charity associations and the education system, and donated 32 million yuan in five years to help poverty alleviation through education. Facing the severe floods in Changsha in July 2017, we immediately donated 5.4 million yuan to the disaster area through the Changsha Charity Association. 13 poverty alleviation service stations were established across the province, 1.2 billion yuan of poverty alleviation loans were issued, and 164 million yuan of loans were issued to registered poor households.

2. Adhere to serving entities and characteristic development

Create county finance and serve the county economy. On the basis of establishing 73 county branches, covering 59% of the counties, the model of county branches + community branches + farmers’ withdrawal points is adopted. It is planned to cover 90% of the counties (cities) and 10% of the counties in another two years. Townships and administrative villages. Based on the major grain-producing province of Hunan, we cooperated with Hunan Agricultural Credit Guarantee Co., Ltd. to launch the "Huinong Guan-Grain Loan" product to provide loan services to farmers' cooperatives, leading agricultural enterprises, and large grain growers. Focusing on the county's advantageous and characteristic industries, we implement "one industry, one policy" and "one industry, one specialty" development, and promote customized financial service products for specialty industries such as fireworks and ceramics in Liuyang, Liling and other places, which have blossomed in counties across Hunan Province.