What is the withdrawal of credit overdraft of Shanghai Pudong Development Bank?
Overdraft cash withdrawal is one of the basic functions of credit cards. Simply put, you can take a credit card to withdraw cash at ATM machines and counter outlets. Generally, the transaction password is required for overdraft withdrawal, and no additional application is required. The maximum daily cash withdrawal is 6,543,800 yuan, which can be fully withdrawn within the credit line.
In other words, if your credit card limit is 200 million yuan, you can overdraw up to 65.438+million yuan every day, and the total withdrawal amount is 20,000 yuan.
What should Shanghai Pudong Development Bank pay attention to when withdrawing cash from credit overdraft?
1. Cash withdrawal method: overdraft cash withdrawal can only be carried out on ATM machines with the same credit card logo. For example, UnionPay cards must be cashed at ATMs with UnionPay logo, and Visa cards must be cashed at ATMs with Visa logo, and so on. Otherwise, the withdrawal cannot be successful.
2. Handling fee: there will be handling fee for overdraft withdrawal, and the handling fee for withdrawal at home and abroad is different. 2% of the overdraft amount will be charged at home, with the lowest 20 yuan; 2% of the overdraft withdrawal amount is charged for each overseas transaction, with a minimum of RMB 20/USD 2/EUR 2/GBP for each transaction.
3. Interest: In addition to the production fee, the overdraft withdrawal will also bear interest on a daily basis. From the date of withdrawal, the interest shall be within the daily interest rate of ~, and compound interest monthly until the withdrawal amount is paid off.
The above is the introduction of "overdraft cash withdrawal with Pudong Development Credit Card". In a word, overdraft withdrawal is to get cash by credit card withdrawal. Although the operation is convenient, there will be a handling fee during the withdrawal process, and the interest will be calculated on a daily basis. The later the repayment, the more interest. It is suggested that if you don't need money urgently, don't take a credit card for cash withdrawal easily.