, China

Bank service said to affect domestic bliss

A China Merchants Bank service could deposit part of a husband's monthly salary into his wife's account.

The bank, not the wife, will check the husband's account periodically and automatically transfer any funds exceeding a previously designated amount into the wife's account.

Some men have expressed concerns about how the service could affect domestic bliss.

Ye Dandan, a client manager at a CMB branch in Shenzhen, Guangdong Province, said the service is intended to make it easier for couples to pay bills.

He said the service could also allow a husband to transfer money from his wife's account into his account.

Meanwhile, the service is not only available to couples. Any individual with multiple CMB accounts could also enroll in the service and designate how much money would go into each account every month.

For more.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Australia, New Zealand propose reforms on AT1 capital rules
New Zealand wants to remove AT1 capital and introduce more granular standardised weights for credit risk. 
Retail Banking
SPD Bank Shanghai, XTransfer team up to help Chinese SMEs expand overseas
They aim to provide “safer, more efficient, more convenient” global collection and cash management services.
Cash Management