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China Merchants Bank Halts ATM QR Code Deposit Service Effective Today; Over 50 Banks Follow Suit in Suspending Various Cardless Services
2025-04-09 /
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Author：小编
Effective April 9, 2025, China Merchants Bank has announced the cessation of its ATM QR code deposit service. Customers will now be required to utilize bank cards for ATM deposits or visit bank branches directly. Previously, the ATM QR code deposit service had offered a seamless, cardless deposit option. Notably, in recent years, more than 50 banks, including Bank of China, China Construction Bank, China Minsheng Bank, and Industrial Bank, have progressively suspended their cardless deposit and withdrawal services. This widespread move underscores the banking sector's focus on risk management, service refinement, and cost-effectiveness.
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