From April 1, major bank outlets in Guangzhou began using “face-based ATM withdrawals”. The China Banking and Insurance Regulatory Commission stressed that the promotion and use of the intelligent device is not equivalent to bankbooks and cards withdrawals . Customers can activate and terminate facial recognition withdrawals through ATM, counter and mobile banking.
Face recognition generally reduces business risk through limit control. If you withdraw money through face brushing ATM, the daily limit is usually several thousand yuan. However, individuals can contact the bank to inquire about the daily withdrawal limit according to their needs. The bank stressed that at present, the bank’s smart devices does not only have the function of “face recognition withdrawal” but also supports bank card deposit and withdrawal. At the same time, the banks will respect the choice of customers who have the habit of using passbooks and certificates of deposit.