From CapeNews.Net By ELIZABETH W. SAITO August 8, 2014 Forty years ago today, President Richard M.
Procedures on Commercial Banks Branches Setup in Same Town(ATMs related)
(enacted in 2002)
The procedures regulate setting up of self-service banking, which includes ATMs and CDMs. The setup of only ATMs should be reported to the People’s Bank of China ( PBC ) and get recorded. Without objection from PBC within 15 business days, commercial banks get permission. If ATMs are set up inside one branch, the setting up is similar to branches.