In the financial field, cashing usually refers to directly converting the credit limit in a credit card into cashing through deception. This behavior violates the state regulations and disrupts the market order. If the circumstances are serious, criminal responsibility may be investigated. Credit card cashing refers to the behavior that the cardholder withdraws the funds in the credit limit of the card in cash by other means rather than through normal legal procedures (such as ATM or counter), and at the same time does not pay the bank withdrawal fee. This behavior has seriously damaged the management order of China's financial market, and laid an unstable factor for the country's overall financial order.
Illegal cashing generally refers to the exchange of cash benefits by illegal or false means, which violates the financial management order of the country and is therefore regarded as illegal. If the cash-out behavior is found to be illegal, the verdict will depend on many factors, such as the amount involved, the severity of the criminal means, and whether the person involved has a criminal record. Generally speaking, cash-out behavior may face criminal detention, fixed-term imprisonment and other penalties, and the specific judgment results need to be determined according to the specific circumstances of the case.
To sum up, in order to avoid illegal activities such as cashing out, the public should enhance their legal awareness, abide by the national financial management regulations and not participate in any illegal financial activities. At the same time, illegal activities such as cashing should be actively reported to the relevant departments to jointly maintain a good financial order.
Legal basis:
Criminal law of the people's Republic of China
Article 225
Whoever, in violation of state regulations, commits one of the following illegal business operations and disrupts the market order, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than one time but not more than five times the illegal income;
If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years, and shall also be fined not less than one time but not more than five times for illegal gains or confiscation of property:
(a) operating a franchise or monopoly commodity or other commodities whose operation is restricted by laws and administrative regulations without permission;
(2) buying and selling import and export licenses, import and export certificates of origin and other business licenses or approval documents stipulated by laws and administrative regulations;
(three) without the approval of the relevant competent departments of the state, illegally engaged in securities, futures, insurance business, or illegally engaged in fund payment and settlement business;
(four) other illegal business activities that seriously disrupt the market order.