ICBC can receive Western Union remittance.

relevant regulations of ICBC:

1. The account balance of electronic cash can still be used by others, and the electronic cash compensation will be deducted from the credit card account, the amount of which is equivalent to the electronic cash account balance displayed in our system at the time of loss reporting. If the original electronic cash account balance is not used after the original loss reporting card expires, the deducted electronic cash compensation will be returned to your valid credit card account one month after the expiration.

2. Handling the receipt and payment of funds arising from temporary institutions and depositors' temporary business activities. Cash withdrawal from temporary deposit accounts shall be handled in accordance with the provisions of the state on cash management. The scope of opening a temporary deposit account includes the establishment of temporary institutions, temporary business activities in different places, and registered capital verification.

3. For emergency function when cash is urgently needed, you can advance cash to the bank first, and the borrowed cash will be listed in the next bill and can be paid together with the consumption money. You can't enjoy the interest-free period for cash withdrawal, and you have to pay the cash withdrawal fee.

4. Deal with the multilateral payment of internet trade business. Payment settlement involves many parties, such as customers, merchants and banks. The transmitted purchase information and payment instruction information must also be connected together, because merchants will only continue to trade after confirming some payment information, and banks will only provide payment after confirming payment.

In order to ensure security, merchants can't read customers' payment instructions and banks can't read merchants' purchase information. This multilateral payment relationship can be realized by using technologies provided by the system, such as double digital signature.

5. Each card can withdraw up to 1, yuan worth of local currency every day; If you take other networks such as MasterCard to withdraw cash, you can withdraw up to $1, worth of local currency per card per day. Note: If you use the non-UnionPay network to withdraw cash in non-US dollar circulation countries, you will also be charged a foreign exchange handling fee of *1.5% of the cash withdrawal amount < P > Therefore, ICBC can receive Western Union remittance.

Extended information:

The role of ICBC:

1. Feedback function

The CCB card transmits and reflects the economic information generated in the exchange activities to the exchange parties, which is the feedback function of the market. While exchanging activities in the market, commodity sellers and buyers are constantly inputting information about production and consumption. This information has been transformed by the market and fed back and output in a new form.

CCB card information has various forms and contents, which can be summed up as the visualization of commodity supply capacity and demand capacity in the market, the prediction of the changing trend of market supply and demand, and its essence reflects the allocation ratio of social resources in various departments.

The information feedback function of CCB card can provide an important basis for the national macro-economic decision-making and enterprise production and operation decision-making. On the one hand, the state can judge whether the proportional relationship between various departments of the national economy is appropriate according to the information feedback of the total market commodity and its structure, and plan and adjust the distribution ratio of social resources in various departments accordingly;

on the other hand, enterprises can also make judgments and forecasts on consumption preferences and demand potential according to the information feedback of the market sales of commodities, so as to determine and adjust the business direction of enterprises.

with the improvement of social informatization, the information feedback function of the market will be strengthened day by day.

2. Adjustment function

Adjustment function means that the market can automatically adjust the operation process and basic proportional relationship of social economy under the action of its internal mechanism. As the carrier and realistic expression of commodity economy, market is essentially the realization form of the law of value. The law of value is transformed into the internal mechanism of economic activities through the forms of price, supply and demand, competition and so on.

The market mechanism automatically adjusts the whole process of social production, distribution, exchange and consumption by means of price adjustment, supply and demand adjustment and competition adjustment. For example, adjust the allocation of social resources among departments and enterprises and the composition of the total amount and types of products produced; Adjust the distribution of interests among various market entities;

adjust the total supply and demand and the supply and demand structure of commodities in the market; Adjust social consumption level, consumption structure and consumption mode. On the basis of the above adjustment, the basic social and economic proportional relationship will be automatically adjusted. Regulation function is the most important function with core significance in the market.

Baidu Encyclopedia-Industrial and Commercial Bank of China

Industrial and Commercial Bank of China official website-Articles of Association of Bank Card