February** Dynamic Incentive Program
In recent years, the domestic financial sector has undergone earth-shaking changes, and the banking industry has been rushing forward and has moved its business to the stage of the Internet. With your smartphone, you can easily do more than 95% of the banking business you can't imagine. However, with the decline in physical branches and ATMs, banks do not want to abandon all the cash they have on hand, after all, there are still some customers who need to visit bank branches in person.
From 2024, there will be a new wave of bank deposits and withdrawals, and depositors should be vigilant. In this transformation, there are three major trends that will dominate the future:1Greet the wave of digital yuan and bid farewell to traditional cash payments; 2.ATMs will be fully upgraded, 3Face withdrawals have become the new favorite, and large withdrawals will be subject to stricter supervision. Now we're going to dive into these exciting changes.
Trend 1: Say goodbye to cash in the era of digital yuan.
Nowadays, few people in the country, except for the old and the young, are no longer obsessed with the embrace of paper money. Mobile payment tools such as Alipay and WeChat have become the mainstream way for people to settle and pay. In the future, people who use paper money will become more and more scarce, but it is too early to say that our country has completely entered the "cashless" era. The digital yuan is gaining momentum and is being piloted in Shanghai, Chengdu, Suzhou and other cities. If successful, it will be fully rolled out to the whole country.
The digital yuan, like paper money, is a state-recognized legal tender. The most significant advantage is traceability, where every transaction can be traced, effectively curbing money laundering and illegal transactions. What's even more remarkable is that the digital yuan is not limited by the network, and even in a non-network environment, it can easily complete payment and settlement, and no longer rely on smartphones. Its scope of application is not only limited to mobile payment, but also can be paid through video cards, smart watches and other devices, bringing more convenience and flexibility to consumers.
Trend 2: ATMs are ushering in a new era of face payment.
Banks are not only reducing the number of ATMs, but also comprehensively upgrading existing ATMs, focusing on installing facial recognition systems. This innovation makes it easier to withdraw cash, no need to carry a bank card, and cash is available instantly with just a simple swipe of your face, making the entire withdrawal process more efficient and intelligent. As a result, the withdrawal time for customers will be significantly shortened, especially for those who are not familiar with the operation of ATMs, and it will be easier to receive a pension in the future.
Some people may wonder if the installation of a face recognition system in ATMs will attract fake recipients? In fact, banks have been prepared for this for a long time and have taken a series of precautionary measures. First of all, domestic face recognition technology has reached a fairly mature level, and even individuals with similar appearances can easily distinguish between authenticity and fakeness. Secondly, the bank stipulates that the amount of ATM withdrawals per day shall not exceed 20,000 yuan, even if someone fakes the payment, the person concerned can quickly call the police and not suffer huge economic losses.
Trend 3: Large-value withdrawals are subject to stricter regulation.
Nowadays, major banks stipulate that depositors who withdraw more than 50,000 yuan in cash need to make an appointment one day in advance, and fill in the large amount of withdrawal**, detailing the purpose. In this regard, some depositors may find it difficult to understand that the bank wants to inquire about the purpose of the payment even though it is their own money, is this not an invasion of personal privacy?
In fact, banks supervise large withdrawals not with the intention of making things difficult for depositors, but to combat money laundering, various frauds, illegal transactions and other illegal activities. This will not only help maintain the stability of the order of the domestic financial market, but also ensure the safety of depositors' deposits to the greatest extent.
An unprecedented revolution is brewing in the financial sector. There are three major trends in bank deposits and withdrawals, which will become the new normal in the financial industry in the future. Savers, stay vigilant! The future is full of innovation and challenges, and we need to be ready for this new era!