How to transfer U.S. dollars from a credit card to a bank card

Steps to transfer U.S. dollars from a credit card to a bank card:

1. Link the bank to PayPal Account: Select the associated card or bank account - Select the associated bank account: fill in the bank name, branch address, account number (bank++), SWIFT code (call the bank to inquire, the staff will send it to your mobile phone via SMS), fill it out After that, click Connect to your account.

2. Link the bank account and the user will transfer foreign exchange to the personal bank card US dollar account.

3. Transfer money to your bank account in PAYPAL: Click the transfer button under the balance - choose to withdraw money to your bank account, and follow the prompts. After you complete the cash withdrawal operation, you will receive a call from bank staff within the next three working days, telling you to go to the mobile banking APP to fill in specific customer information collection. For transfer operations, PAYPAL will deduct a handling fee of US$35.

4. Log in to online banking or mobile banking APP, and you can check the U.S. dollars you hold on the foreign exchange page of financial management. Select foreign exchange settlement to directly convert U.S. dollars into RMB and automatically transfer it to the RMB account balance. [img]

What should I do with the US dollar account balance in the Bank of China credit card?

The US dollar account balance in the Bank of China credit card can be transferred directly, but it can only be transferred to ICBC for debit. If the cardholder does not have a Bank of China debit card, he or she can apply for one at the bank counter. When transferring out, you can do it directly through mobile banking. In fact, the balance in the US dollar account can be spent directly, which can avoid transfer out.

Bank of China credit cards must be repaid on time after daily use. Overdue repayment is not allowed. After all, penalty interest will accrue after overdue repayment. The longer the time, the more penalty interest will be generated. Moreover, banks will collect money after overdue repayment. A common method of collection is to call the cardholder's phone number.

When the Bank of China credit card cannot be repaid on time, the user can use installment repayment or the minimum repayment amount. Repayment using these two methods requires a certain handling fee. When choosing the number of installments, you should choose the number of installments based on your income, so as to ensure that subsequent repayments are made on time.

Users should not exceed their personal repayment ability when using credit cards. If their personal income is relatively high, they can use credit cards with confidence. If your personal income is relatively small, you should be careful when using credit cards for consumption. In fact, you can borrow money from friends around you and repay it when you can’t afford it.

How to repay a credit card in US dollars?

For US dollar bills of China Merchants Bank credit cards, our bank currently provides a variety of repayment channels. You can choose the following method that suits you to handle US dollar repayments.

1. Automatic repayment of U.S. dollars:

China Merchants Bank can set the U.S. dollars on the all-in-one card account as automatic repayment to the credit card. Only cash or cash sub-accounts can be used as deductions. It mainly depends on whether your funds are usually in cash or foreign exchange accounts. Before setting up, please make sure that your foreign exchange purchase function for RMB and US dollars is turned off.

2. U.S. dollar transfer repayment:

① After logging into online banking, select the "credit card quick repayment → select U.S. dollar currency" option. This interface defaults to U.S. dollar cash.

② You log in to mobile banking and click "My → All → Transfer → Transfer Settings → Transfer Limit → Personal Transfer → Select Credit Card → Transfer Immediately → Select U.S. Dollar Spot Exchange as the Currency";

< p>③After you log in to online banking, click "Self-service transfer → Agreement account transfer → Transfer credit card → Select US dollar cash transfer → Transfer credit card.

Warm reminder: The repayment currency only supports RMB and US dollars.

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For U.S. dollar cash account repayment, you need to activate the transfer function of your own agreement account in advance

3. U.S. dollar cash repayment: You can bring your credit card, U.S. dollar cash and your identity document to attract investment across the country. Cash repayments can be made over the counter at any bank branch (except for corporate debt-bearing commercial cards), and there is no handling fee for repayment

4. Use RMB to pay US dollar bills (repayment by purchasing foreign exchange).

The credit card purchase and repayment function can be set up through the following channels:

①After you log in to Mobile Life, select "My → Check and Repay → Purchase and Repay → Function Switch"

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② After you log in to the public version or professional version, select "Repayment Management → Automatic RMB Foreign Exchange Purchase" - "USD Bill Foreign Exchange Purchase and Repayment Function Settings" and follow the prompts.

③After you log in to mobile banking, click "My → All → Credit Cards → Settings Management → Repayment Management → Automatic RMB Foreign Exchange Purchase".

(Response time: February 11, 2020. For the latest business changes, please refer to the official website of China Merchants Bank)

How to use US dollars with a Bank of China credit card? Can I withdraw cash?

According to the regulations of the State Administration of Foreign Exchange, cardholders are not allowed to overdraft and withdraw ++ cash in the country. The US dollar amount within the credit limit can be consumed through the corresponding overseas VISA, MasterCard and other channels; such as your If you have excess US dollars on your credit card, you can withdraw it for free at the Bank of China counter.

The above content is for your reference, please refer to actual business regulations.

If you have any questions, please feel free to consult Bank of China’s online customer service.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.

How to repay a US dollar bill with a credit card

Take the China Merchants Bank credit card as an example. There are three methods:

1. Go to the counter with the all-in-one card and credit card to activate the self-service transfer function. Directly purchase foreign exchange in U.S. dollars and repay directly through online banking.

2. If it is inconvenient to go to the counter, after purchasing U.S. dollars with one card, the credit card will be automatically debited.

You need to associate the bound account and purchase foreign exchange. You will need to contact the credit card center to see if the function of purchasing foreign exchange with a credit card needs to be turned off first. (If "cash" is set to be deducted every month when binding, you must select "cash" when purchasing foreign exchange in the future. The price of purchasing foreign exchange in cash and cash is the same)

3. Credit card activation purchase With the remittance function, one card can repay RMB.

Repayment by someone other than yourself: 1. The counter deposits US dollar cash to his or her credit card. 2. Handle remittance at the counter (remittance can only be made to immediate family members, and proof of relationship is required) 3. Let the other party activate the credit card foreign exchange purchase function, and you can just remit RMB.

Extended information

Repaying a US dollar account mainly depends on the settlement method of consumption. One is to settle all in RMB bills, and the other is to settle separately in RMB and US dollar accounts.

1. Separate settlement for U.S. dollar accounts

If the UnionPay channel is settled in RMB and the ++ channel is settled in ++, then when repaying the loan, you need to repay the RMB exchange purchase. There are two main ways to repay:

1. You can call the credit card customer service number on the back of the bank card, transfer to manual service, and ask to activate the RMB foreign exchange purchase function.

2. Log in to the bank card personal center to activate the foreign exchange purchase function, then deposit RMB to buy U.S. dollars, and then use it to repay the U.S. dollar debt.

2. RMB Settlement

When you make a purchase, it will be recorded at the exchange rate in RMB at the time of consumption. This is true regardless of the channel through which the card is swiped. This can be redeemed without ++ There is a fee, so when you repay the bill, the bill will be in RMB, and you only need to repay it as a normal credit card.

Reference material: China Merchants Bank Credit Card - ++Transaction Repayment

That’s it for the introduction of credit card dollars.