hello, cash advance will generate corresponding handling fee and interest. Handling fee: The handling fee is calculated at 1% of each cash advance in domestic RMB, and the minimum charge is ￥1 yuan; the handling fee is calculated at 3% of each cash advance in overseas (including Hong Kong, Macao and Taiwan), and the minimum charge is ￥3 yuan or $3. Interest: Cash advance transactions are not entitled to interest-free repayment. From the trading day, interest will be charged at the daily interest rate of .5 ‰ until the settlement date, with compound interest on a monthly basis.
for example, you withdrew RMB 1, last month, with a handling fee of RMB 1 yuan and interest of RMB 15 yuan, and you repaid RMB 1,25, then the interest will be calculated with RMB 15 yuan as the principal next month until it is paid off. Interest (compound interest) will also be calculated for the interest generated from cash withdrawal by our bank. Generally, you will pay interest in three installments when you withdraw cash, the first installment: from your cash withdrawal date to the repayment date, and the third installment: compound interest. Please refer to the amount on each installment's bill for the specific interest.
if you have any other questions, please add QQ corporate customer service 4825555 or find the WeChat public account "China Merchants Bank Credit Card Center" and add attention.