RMB
Friday, November 13, 2009
Banking in China
Somethings are just SO different. In China everyone always carries large piles of cash. It is not uncommon to go into a bank and see someone with a small grocery bag FULL of money. They also count it all at least 3-4 times. The bills are almost always in 100 RMB increments of less. I went to the bank, with the help of George's assistant, Mandy and paid our credit card bill from the October holiday. So this is what transpired...... Remove thousands of RMB bills using bank card from bank A. The stack of bills was about 2 inches high. I've never had such a large handful of bills in my life. Get this at the same ATM. I put in my credit card that has a charges from bank B. Then I deposit the stack of bills back into the same ATM. And walaa the bill is paid.
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Some convenience stores now have a machine called Lakalaka (like "swipe swipe") where you can swipe your credit card, then swipe your bank card, input the password and amount, and the bill is paid. I used to do the cash thing too -- agree, it was an amusing process.
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