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SPDB unveils customized services
12/7/2005 17:35

Jane Chen / Shanghai Daily news

Shanghai Pudong Development Bank has launched a customized financial program to better cater to the varied needs of individual clients, Eastday.com reported.
For example, a couple can open a joint bank account, under which both can check the details of the other's sub-account but has no access to it, according to SPDB vice governor Zhang Yaolin.
"In this way, it is easy for the couple to have a clear picture of their mutual financial situation while keeping their sub-accounts separate," he said.
Another plan under the program is designed for parents who regularly give pocket money to their children using bank accounts, Zhang added.
Parents can ask the bank to regularly transfer money into their children's sub-accounts, with an authorized access to them, enabling them to centrally manage the family finances.
"With the new services on offer, we are aspiring to satisfy the needs of different clients," Zhang explained, "because many people are seeking transparent financial information while preferring to retain privacy."
"To meet these requirements, we will customize our financial programs and may even develop one to help husbands hide a portion of their income from their wives, he said.