5 thoughts on “How to get money in foreign bank cards in China?”

  1. The money in foreign bank cards is withdrawn in China: Bank of China’s ATM machines support overseas bank cards with cash withdrawal. Specifically, whether the bank card has VISA logo to determine whether it is supported; The TM machine to withdraw money. It is necessary to understand that although the overseas card can be collected in China, it needs to bear the loss of the exchange rate conversion twice.
    can also see if foreign banking cards have a mark of VISA, Master or JCB, contact foreign bank cards to open card banks to confirm the opening of international withdrawal functions. If there are these international -purpose marks and opening an international withdrawal, you can go directly to any ATM machine with this tag for withdrawal. Or you can also go to the Bank of China for withdrawal. But the handling fee is indispensable. The specific amount depends on the exchange rate and policy of the issuing card and the Bank of China.
    Ifly, according to the “Notice of the State Administration of Foreign Exchange on Regulating Bank Card Overseas Cash Transactions” (Huifa [2017] No. 29) issued by the State Administration of Foreign Exchange on December 30, 2017, since 2018 1 From the 1st on the 1st, individuals hold domestic bank cards to withdraw cash overseas. The bank card (including subsidiary cards) under my name must not exceed 100,000 yuan per natural year.
    IND RMB Card in China to withdraw cash abroad. Except that each card does not exceed 10,000 yuan per day, the annual limit is added.
    In January 1, 2016, China UnionPonal RMB card per card per year must not be cumulative per year on the absence of RMB 100,000. From October 1st to December 31st, 2015, the cumulative cumulative per card shall not exceed 50,000 yuan. Credit cards may set the limits separately due to credit quota and other reasons. The restrictions on the amount of ATM’s single withdrawal of ATMs are also different, and the specific local machinery prompts shall prevail.

  2. Foreign bank cards with money in China:
    (1) If your foreign bank card has a tag of VISA, Master or JCB, contact foreign bank cards to open card banks to confirm the opening of international withdrawal functions. The general labeling and opening an international toser can go directly to any of the ATM machines in China to withdraw money. A withdrawal limit, handling rate, and exchange rate of exchange are determined by the card issuing.
    (2) Take the bank card to the Bank of China to withdraw money.

    The expansion information:
    . VISA credit card can be swiped in China. Merchants that open VISA can pay and use it online. However, you need to pay attention to the following aspects when swiping the card:
    1. You need to have a POS machine that supports the VISA payment method. There is generally no domestic convenience store in China; Consumption;
    3.visa organization will pay you to apply for RMB and translate it to the US dollar to the card, then then you need to purchase US dollars repayment at RMB.
    Therefore, swiping VISA credit cards in China will not only bring 1%-2%currency conversion costs, but also have exchange rate conversion costs for buying and selling between RMB dollars, which are not cost-effective.

    . What is the UnionPay and VISA
    In UnionPay and VISA are credit card brands. UnionPay is approved by the People’s Bank of China. It can use bank cards marked with “UnionPay” across regions, which means that UnionPay is managed by the People’s Bank of China.

    VISA is responsible for operation and management by VISA International Organization in St. Francisco, California, USA. It is simply a league of the International Credit Card. After cooperating with them, the credit card issued by domestic banks can swipe cards within their alliance.

    three, VISA and UnionPay?
    1. From the perspective of regional, UnionPay is China’s card organization, VISA and MasterCard are both US card organizations. At present, domestic bank cards are attributed to different bank card organizations according to the different head numbers. The bank card belongs to the VISA card organization. It belongs to China UnionPay with “62”, “60”, and “9”. The UnionPay card with “62” and “60” is the UnionPay standard card that meets international standards. It can be abroad Use, this is also the main card of China UnionPay in recent years.
    2, the identification is different: UnionPay credit card is the UnionPay logo, and the VISA card surface is a VISA logo.
    3. In terms of use, if consumption in China is of course the most suitable credit card, but if you need to consume frequently, a VISA credit card is essential.
    4. From the perspective of use, VISA credit cards are more widely used in areas than UnionPay.
    5. In terms of cost -effective, when we consider brushing VISA or UnionPay, a problem we have to consider is the exchange rate. The exchange rate is generated during the exchange process of currency. It is determined by a large number of transactions of various transactions in the foreign exchange market. Organizing the price of foreign exchange cards is actually the agency’s offer in the foreign exchange market. Therefore, different card organizations and different banks will have different exchange rates. As one of the world’s largest credit card organizations, VISA often has better exchange rates, and UnionPay is indeed slightly inferior to this point.

  3. Bank of China’s ATM machines support overseas bank cards with cash withdrawal. Specifically, whether the bank card has VISA logo to determine whether it is supported; the five major banks and foreign banks such as HSBC, Standard Chartered, and Citi are withdrawn. Although you can consume money in China, you need to bear the loss of two exchange rate conversion.
    can also see if foreign banking cards have a mark of VISA, Master or JCB, contact foreign bank cards to open card banks to confirm the opening of international withdrawal functions. If there are these international -purpose marks and opening an international withdrawal, you can go directly to any ATM machine with this tag for withdrawal. Or you can also go to the Bank of China for withdrawal. But the handling fee is indispensable. The specific amount depends on the exchange rate and policy of the issuing card and the Bank of China. Expanded information:
    The notice of the State Administration of Foreign Exchange on December 30, 2017, issued by the State Administration of Foreign Exchange on December 30, 2017 (notice on regulating bank cards’ overseas large -scale cash transactions “(Huifa [2017] No. 29), self -contained Starting from January 1, 2018, personal bank cards with domestic bank cards have withdrawn cash abroad. In my name, bank cards (including subsidiaries) must not exceed 100,000 yuan in each natural year.
    IND RMB Card in China to withdraw cash abroad. Except that each card does not exceed 10,000 yuan per day, the annual limit is added.
    In January 1, 2016, China UnionPonal RMB card per card per year must not be cumulative per year on the absence of RMB 100,000. From October 1st to December 31st, 2015, the cumulative cumulative per card shall not exceed 50,000 yuan.
    The credit card due to credit quota and other reasons, the card issuing bank may set the limit separately, and you can consult the card issuing bank. The restrictions on the amount of ATM’s single withdrawal of ATMs are also different, and the specific local machinery prompts shall prevail.
    Abats of overseas bank cards in China
    The main business of banks is deposits and loans. Bank deposits are the main functions. People like to exist money for banks. Bank loans are also one of their own main sources of income. Through bank loans, they can solve the urgent need of their own funds and enjoy lower loan interest rates.
    Emergency cash service
    As long as you are the cardholder of the UnionPay card (the card number starts with 62), the cardholder cannot use the UnionPay card during the trip, but it needs to be withdrawn from the UnionPay card to withdraw money from the UnionPay card. UnionPay applies for the highest equivalent value of $ 5,000 emergency cash support. In other words, no matter if your card is invalid, it is lost, or other reasons cannot be used, you can apply to UnionPay, a $ 5,000 emergency cash service.

  4. You can go to the bank to withdraw. Now major banks provide foreign currency exchange services. It is very convenient to withdraw money from foreign bank cards.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top