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.