OREANDA-NEWS. June 10, 2013. Non-local inter-bank transfers free of charges? As learnt by the reporter from Industrial Bank (IB), from now on till December 12, 2015, the transfers handled by customers via the mobile banking system of the bank, either, local, non-local, intra-bank, or inter-bank will be free of handling charges, and such transfers are subject to no limit. This is no doubt a great substantial benefit for customers with frequent needs of non-local inter-bank transfer.

In recent years, with the popularization of smart mobile phones in China , mobile banking has become a product combining conventional financial services with modern technology. Characterized by convenience and rapidity, diversified functions, safety and reliability, mobile banking can handle various banking businesses at any time anywhere upon their convenience, so it has won the favor of an increasing number of consumers. In order to improve the customer experience, IB has kept making innovation in the mobile banking functions and improving the service experience, upgrading the mobile banking functions for many times in an all-sided manner.

In terms of security, IB's mobile banking system adopts the SMS password protection mechanism, which is safe and fast, to ensure that customers may use the system free of care. In terms of service functions, the bank's mobile banking also boasts outstanding functions of “investment and wealth management” apart from the basic functions such as transfer and remittance, online payment, and self-service fees payment, and customers may freely handle such businesses as fixed deposit, intelligent notice deposit, treasury bonds, wealth management products, precious metal, fund, foreign exchange, and banking-securities, reaching IB to manage wealth in their hands anytime and anywhere. Meanwhile, the bank also released unique characteristic functions including mobile phone number transfer, one-key transfer, one-key repayment, and one-key fees payment, with a view to further improving the customer experience.

The reporter also learns that, besides the free-of-charge transfer via mobile banking, IB has also increased more than 60 free-of-charge retailing business items before, including free non-local intra-bank transfer, and free local ordinary inter-bank transfer via internet banking and telephone banking.