The reporter experienced the digital RMB cash exchange function More and more people are now participating in the digital RMB pilot, usually by topping up their bank cards into the digital wallet and exchanging them for digital RMB. On June 17, Beijing Youth Daily reporter learned from ICBC Beijing Branch and Agricultural Bank of China Beijing Branch that these two banks have taken the lead in the Beijing area to launch the mutual exchange function of digital RMB and cash at ATMs. ICBC has opened more than 3,000 ATMs throughout the capital, making it the first bank in Beijing to fully launch digital RMB cash exchange. Agricultural Bank of China has deployed more than 10 ATMs in Wangfujing area, all of which can exchange digital RMB with cash.
The two banks have different operational processes, but both are very smooth. Both the digital RMB withdrawal and the cash exchange to digital RMB will take less than 2 minutes. It is important to remind people that they need to open the digital wallet of the relevant bank and verify their real names before exchanging.
ICBC: ATM digital RMB cashing requires a code scan with mobile banking
The first thing you need to do is to get a good idea of what you are getting into.
The reporter saw that there was a “digital RMB” option on the left side of the machine’s screen, and after clicking into it, two options appeared on the right side of the page, “digital RMB for cash” and “cash for digital RMB”.
The reporter first experienced exchanging digital RMB with cash. The reporter put in two 100 yuan bills and confirmed the information, and the page popped up with the words “successful transaction”. The reporter then opened the central bank’s “Digital RMB” APP and found that the balance of ICBC’s wallet had changed to 200 yuan, and the transaction record also showed “filled wallet +200 yuan”.
The reporter then experienced the function of exchanging digital RMB for cash. After clicking on the “digital RMB exchange cash” option, a QR code appeared on the screen. It is important to remind you that ICBC only supports the digital RMB internal experience wallet in ICBC mobile banking, not the central bank’s “digital RMB” APP.
The reporter opened ICBC mobile banking, searched for “internal experience wallet”, then scanned the QR code on the screen, and the cell phone page immediately showed buttons for different amounts such as 100 yuan and 200 yuan; the reporter selected “100 yuan” on the cell phone and entered the wallet payment password, then clicked the “withdraw” button on the ATM screen, and the cash outlet of the machine quickly spat out a 100 yuan bill, and the digital RMB exchange for cash was successfully completed.
Agricultural Bank: No code scanning throughout the process, only cell phone verification and payment password required
It is understood that the Beijing branch of the Agricultural Bank has placed more than 10 ATMs in the Wangfujing area, one of which is located in the business department of the East City branch of the Agricultural Bank on Jinbao Street. A reporter from BeiJing News also went to experience it.
The first thing the Bejing News reporter experienced was the exchange of cash for digital yuan. The first thing you need to do is to select “Digital RMB” on the first page of the ATM screen, enter your cell phone number as prompted, and you will immediately receive a text message verification code, enter the code on the machine screen, select “Cash Exchange” on the right side of the screen, and place the 100 yuan bill as prompted. After confirming the deposit amount and entering the digital wallet payment password on the screen, you will soon hear the machine’s voice announcing that “the transaction has been successful”. The reporter’s digital wallet also showed a deposit of 100 yuan.
The reporter then experienced the function of exchanging digital RMB to cash. The first thing you need to do is to enter your cell phone number and SMS verification code, select “cash back”, then enter the exchange amount of 100 yuan, then enter your digital wallet payment password, and a 100 yuan bill will appear at the exit of the banknote, the whole process took just one minute.
The North China Morning Post reporter found that in the process of exchanging digital RMB and cash with each other, the machine using the Agricultural Bank does not have to call up any APP sweeping code, but only needs to be verified by cell phone SMS and payment password.
Tips: Multiple channels to apply for opening a digital RMB wallet
On June 5, Beijing officially launched the “Beijing Lottery Strivers Digital Carnival” digital RMB pilot campaign (hereinafter referred to as the “Beijing Lottery” campaign), and 200,000 lucky winners each received 200 yuan of digital RMB. “The 200,000 lucky winners each received a RMB 200 digital RMB bonus packet. In February this year, Beijing also launched the “Digital Wangfujing Ice and Snow Shopping Festival” digital RMB pilot campaign around the whole scenario of Winter Olympics consumption, and issued 50,000 digital RMB red envelopes, each of which was also worth 200 RMB.
Is it true that only the lucky winner can open the digital RMB access? The answer is no. The reporter of Beijng News learned from several banks participating in the digital RMB test, such as ICBC, Agricultural Bank of China, Bank of China and Postal Reserve, that there are various channels for interested citizens to apply for opening a digital RMB personal wallet.
The most direct and effective way is to apply at a branch. The bank staff will present a QR code, and after scanning the code, the staff will guide the customer to apply, which can generally be opened on T+2 days at the latest, and some banks can open it on the spot. The staff of the business department of the Dongcheng branch of the Agricultural Bank of China told reporters that in order to promote the digital RMB pilot, they will take the initiative to invite customers who come to the branch for business to open their digital RMB privileges.
The second thing is that you can apply for it at the site of digital RMB related pilot activities. At present, the “Jingcai” campaign is in full swing, with nearly 2,000 designated merchants participating in the campaign. It is understood that banks such as Postbank North Branch and Bank of China North Branch are increasing their promotion efforts during the campaign, and consumers will be invited to experience digital RMB and open the privileges as quickly as possible.
In addition, the public can also try to apply in the mobile banking channel. Banks such as Bank of China have recently sent unsolicited invitation text messages to many of their target customers. Customers who receive the SMS can apply by logging into BOC Mobile Banking and clicking on the “Digital RMB” icon.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/how-do-atms-cash-in-on-digital-rmb-see-how-these-two-banks-do-it/
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