Introduction to exchange rate conversion for overseas non-UnionPay credit card purchases:
Example: Suppose you use our bank’s credit card to make a Euro transaction overseas through non-UnionPay channels.
1. If your card has not activated the global currency single RMB settlement function: the conversion of Euro transactions into the corresponding currency of your credit card’s foreign currency account is completed by international organizations, and the exchange rate is generally the day of your transaction or thereafter. The one-day exchange rate, because international organizations use real-time exchange rates, will be somewhat different from the reference exchange rate. For details, please refer to the relevant official websites of VISA/MasterCard/JCB.
2. If your card has activated the global currency single RMB settlement function: First, the conversion of Euro transactions into the corresponding currency of your credit card’s foreign currency account is completed by international organizations. The exchange rate is generally the day of your transaction or The exchange rate for the next day, because international organizations use real-time exchange rates, will be somewhat different from the reference exchange rate. For details, please refer to the relevant official websites of VISA/MasterCard/JCB. Afterwards, our bank will convert the foreign currency converted by the international organization (i.e. the currency corresponding to your credit card foreign currency account) into RMB and record it into the account. The exchange rate is the exchange rate at which our bank's cash is sold when the transaction is entered. For details, please refer to the exchange rate published on our official website.
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.
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