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Thursday   9 /19 /2002


City ready for speedy remittance

(Roger Lin)

  

  ELECTRONIC money remittances from Shenzhen will be delivered in two hours starting from Monday with a surcharge of only five yuan (US$0.6) on each bill.

  The municipal post office made the announcement after it received approval from China Post Tuesday.

  Electronic remittances now take 24 hours.

  The amount of each electronic remittance is capped at 10,000 yuan.

  The post office charges 1 percent as a remittance fee and an additional charge for the two-hour remittance.

  It also reminds senders to notify the receivers to collect the payment promptly.

  Under the two-hour service, the post office is not obligated to notify the remittees.

  The two-hour service will become available next week in Guangdong, Beijing, Jiangsu, Zhejiang, Fujian and Sichuan.

  

  

  

  

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