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Financial Industry Monopoly: Many Banks Are Charging Free Items.

2013/12/8 20:28:00 20

Financial Industry Banks Free Items Fees

"free lunch" is coming to an end. /p >

recently, many a href= "//www.sjfzxm.com/" > Bank > /a > issued a notice, claiming that some businesses will be charged: since December 1st, ABC began to charge SMS notification service fees of 2 yuan per month; since December 16th, Everbright Bank has revised the charging standard of IC credit card fees to: Puka 20 yuan, gold card 10 yuan, Bai Jinka and diamond card free; from 2014, Xingye Bank will charge 20 yuan for each card of IC debit card and change card; from April 2014, China Merchants Bank will charge 20 yuan per month for the gold card customers with less than 50 thousand yuan daily assets.

in fact, the "free change charge" of bank service items is not new. In the past, account fees were charged to the later withdrawals, cash withdrawals, and then pferred to other places. Now, there are also charges for cards and short messages. Small account management fees, credit card hangs, and bills printing fees are more than enough for consumers.

the CBRC has carried out special rectification of credit card handling fees, and stipulates that the bank charging prices must be publicized at the official website and outlets. A series of measures seem to be huge, but with the meaning of "pressing the gourd to float the ladle", the bank's pricing power has also been put on the "fair and reasonable" coat because of the publicity link.

from the SMS notification service charge to IC debit card fee and account management fee, the "free lunch" of the bank is coming to an end amid the query of consumers' charges.

> do not understand but do not "go away" account /p >

"interest rate less than a href=" //www.sjfzxm.com/ "> market less than /a promotion, Internet finance development and the impact from private banks and overseas banks all challenge the ability of market control and new product R & D capabilities, and interest margins on loans and deposits continue to narrow.

Bian Xiaoyu, a financial researcher at CIC, said that the intermediary business is a good breakthrough for performance, so many banks have begun to attach importance to the development of intermediary business and cultivate new profit growth points.

according to the data compiled by the three quarterly reports of the listed banks, the listed banks achieved a total revenue of 440 billion 172 million yuan in the first three quarters of this year, an increase of 27.67% over the same period last year. The growth rate of the listed banks was much higher than that of the 440 billion 172 million quarter listed banks.

In addition, the median business income of state-owned banks, joint-stock banks and city commercial banks grew by 21.31%, 58.64% and 60.63% respectively.

a bank insider told reporters that some bank projects did not charge in the past. The main purpose was to cultivate the market and expand the customers. In fact, the bank paid the business cost for this purpose.

After the opening of the customer market, the fee is also in line with the practice of business strategy.

Taking the financial IC card as an example, the cost of making the card is several times that of the magnetic stripe card, plus the cost of publicity and promotion and the cost of equipment pformation, the bank has to pay a certain cost.

but in the eyes of many consumers, the bank charging item is an account which can not be understood but can not be swallowed up.

"Banks that have the right to speak" call the wind and rain "for the pricing of service items, but we can only accept them passively, but we do not know how to calculate the cost.

Zhao Qian, an agricultural bank card client in Guangzhou, is deeply skeptical about this.

financial consumption order needs to be constructed .

"chaos and complexity of fees and charges, uneven charging standards and arbitrary adjustment of cost adjustment reflect the deep problems of China's banking supervision and financial industry monopoly."

Bian Xiaoyu said that the CBRC should increase supervision and punishment on bank charges, and use competition mechanism to force banks to be more prudent in pricing fees and allow consumers to vote with their feet.

in addition, we must create a healthy financial environment and establish a fair financial order.

Deng Yujun, a professor at the school of economics and management of South China Normal University, believes that the relevant functional departments of the CBRC and the price bureau should examine some of the fees and charges, so that bank charges can be followed. For example, in terms of short message charges, the links and problems that the communication department is charged to the banks, the components of the cost, and whether the pricing is based on the real cost should be timely released, so that the customers can know in time.

consumers need to know and understand the banking projects themselves. They should know in advance and not wait until they are really hurt.

August 30, 2013, the CBRC issued guidelines for the protection of consumers' rights and interests in banking industry, and put forward that banking financial institutions should strictly abide by the provisions of the state on < < a href= > //www.sjfzxm.com/ > > financial > /a > service charges, disclose the items and standards of fees, and do not arbitrarily increase the charging items or raise the charging standards.

"P": "Regulations on the protection of consumers' rights and interests in China's banking industry" mean that bank charges have been paid attention by regulators, but the specific rules and measures need to be clarified, such as what kind of penalties will be imposed on banks with arbitrary charges.

Deng Yujun said that the establishment of a mature financial consumption order can ensure that the rights and interests of ordinary consumers without words and bargaining power can be guaranteed.