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Seven Banks to Collect ATM Enquiry Fare
2006-05-23 09:09:56    CRIENGLISH.com
Seven major banks in China have recently announced they will start charging for trans-bank ATM inquiry transactions.

The Beijing Times reports that the fees will be fixed at 4 cents for each inquiry. However, most consumers are not happy about the move, saying their rights and interests have been violated.

The paper also says banks should not act unilaterally when fixing a fee, and have no right to arbitrarily manipulate fees. Any unilateral decisions they make will not be welcomed by the public.

It says the banks should hold a public hearing and negotiate with their customers before making the decision to charge them. A reasonable solution to the matter is one which takes customers' rights and interests into consideration.
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