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VTMs Allowed for Opening Personal Bank Accounts

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Core Tip: China's central bank is allowing individuals to set up bank accounts via video teller machines and the Internet. The People's Bank of China issued a note saying banks can use multiple wa

VTMs Allowed for Opening Personal Bank Accounts

China's central bank is allowing individuals to set up bank accounts via video teller machines and the Internet.

The People's Bank of China issued a note saying banks can use multiple ways to verifying applicants.

In addition to going straight to conventional tellers, applicants can also use self-service terminals such as video teller machines, online banking and mobile banking to open personal bank accounts.

 
 
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