Core Viewpoint - Recent incidents of banks questioning the purpose of cash withdrawals below 50,000 yuan in Dongying, Shandong, have raised public concern about the implementation of anti-fraud measures in banking practices [1][3] Group 1: Regulatory Changes - The People's Bank of China, along with other financial regulatory bodies, has proposed a new draft regulation that aims to relax the previous requirement for cash withdrawals over 50,000 yuan to disclose the source and purpose of funds, effective from August 4, 2025 [4][10] - The previous regulation, which mandated that cash transactions over 50,000 yuan be documented for their source and purpose, was met with criticism and is now being reconsidered to balance fraud prevention with customer convenience [9][11] Group 2: Regional Variations in Banking Practices - A survey conducted across various provinces revealed significant discrepancies in the requirements for cash withdrawals, with some banks enforcing strict verification processes for amounts as low as 10,000 yuan [5][6] - In Dongying, banks like the Industrial and Commercial Bank of China and China Construction Bank have implemented stringent measures, such as requiring identification and purpose verification for withdrawals exceeding 20,000 yuan [6][8] - Conversely, some banks in regions like Anhui and Zhejiang have higher thresholds for questioning the source of funds, with some not requiring any verification for withdrawals below 50,000 yuan [7][8] Group 3: Impact on Customers - The stringent measures are primarily aimed at protecting elderly customers from fraud, as there have been numerous cases of scams targeting this demographic [6][7] - The inconsistency in withdrawal policies across different regions may lead to confusion and frustration among customers, highlighting the need for clearer guidelines from regulatory authorities [5][6]