Results tagged “banks”

Common cents: What to do with all that spare change

We usually spend what change we have on beer (lord knows how many Kedis have had to deal with us meticulously counting out three kuai in one jiaos at 3 in the morning), but in case you're not major midnight inconveniences like us and you've saved up buckets and buckets of coins, a reader has sent in a pretty good tip:

The ATM at our local ICBC bank on the corner of Huaihai Zhong Lu and Xingguo Lu has a very fancy name: "Cash Recycling Machine". We're half tempted to try what this guy did and see if it will take our fake notes.

Security cameras at an ATM belonging to the Agricultural Bank of China in Zhengzhou, the Henan provincial capital, have captured a crime in action committed by a (not too intelligent) young man in a suit. Upon withdrawing some cash, the man did not take his money immediately, but instead swapped one of the RMB100 notes with a fake one from his pocket and, if we're understanding this correctly, fed it back into the machine and got a new note in exchange for it! The ATM, like many other ATM's across China could not tell real notes from fake notes. Bank employees, on finding the fake note, immediately made a police report, and the young man was nabbed on his next attempt to trick the ATM. The young man told police that he had heard from his friends that ATM's would take in fake notes and give new ones in return and so proceeded to try his luck. The police spokesperson said this guy was guilty of "severely disrupting the banking and financial system of our nation".

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