1. consumption: it can be consumed by BOC and UnionPay merchants in China, and by UnionPay and MasterCard merchants abroad.
2. Cash withdrawal: RMB cash can be withdrawn from the counters of China Bank outlets, ATMs or ATMs of other commercial banks with UnionPay logo. Conduct cash advance transactions at ATMs with CIRRUS and China UnionPay logos posted overseas, or at overseas branches of Bank of China or member banks with MasterCard logos, and withdraw local legal tender.
3. Domestic transactions are settled in RMB; For overseas transactions, if UnionPay merchants are selected, they will be settled in RMB and consumed by MasterCard merchants; If "single RMB settlement" is selected, it will be settled in RMB, and the rest will be settled in USD.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.