Banks are intensively adjusting their cardless deposit and withdrawal services, and some services have been “suspended.” On May 22, the reporter learned that the Bank of Communications will stop the pre-order withdrawal service in the no-card withdrawal function in personal mobile banking starting on the 24th of this month, and the Agricultural Bank has suspended the Cardless Withdrawal Service on May 9. Meanwhile, some regional banks have also recently shut down ATM code scanning deposit and withdrawal services. Why are banks “tightening” cardless deposit and withdrawal services one after another? Industry insiders believe that some cardless deposit and withdrawal services naturally have flaws such as difficulties in accurately identifying the identity of the payer, which will make it more difficult for banks to monitor money laundering activities. At the same time, the cardless deposit and withdrawal function itself is not used very often, and removing or tightening related services is a kind of “burden reduction” for banks. (Shanghai Securities Report)