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How to withdraw cash with ICBC credit card

Can I withdraw cash with an ICBC credit card?

RMB withdrawals with our credit card can be made at any ICBC branch or ATM machine with the "UnionPay" logo in the country. The use of dual-currency and multi-currency credit cards of our bank to withdraw foreign currencies must be handled at branches that offer foreign currency business.

(The above content will be answered by ICBC’s intelligent customer service “Gong Xiaozhi” on September 14, 2021. In case of business changes, please refer to the actual situation)

Industrial and Commercial How to withdraw cash with a bank credit card

You can use your credit card to withdraw RMB at any ICBC outlet or self-service machine with the "UnionPay" logo in the country. For large-amount withdrawals (50,000 and above) at the counter, you must provide your valid identity document. , it is recommended to make an appointment with the outlet in advance by phone or other methods. In the case of overdraft cash withdrawal, the daily limit for each credit card RMB account is 10,000 yuan, and the total overdraft cash withdrawal cannot exceed the available withdrawal limit.

Warm reminder: 1.

If you withdraw cash overdraft, you will not enjoy interest-free repayment. In addition to the cash withdrawal fee, you will also need to pay for the overdraft withdrawal part on a daily basis starting from the bank accounting date. Overdraft interest will be charged at 0.5% per day until it is paid off;

2. The handling fee for domestic withdrawals or transfers from credit card RMB accounts (including local funds to other places) is as follows: 1% of the cash withdrawal amount, with a minimum of 2 yuan. Maximum 100 yuan. If you withdraw cash from domestic inter-bank ATMs, additional charges will apply: Credit card: 4 yuan/transaction, quasi-credit card: 3.5 yuan/transaction;

3. Withdrawals must be handled by yourself and cannot be handled by an agent.

(Answer time: April 21, 2022. In case of business changes, please refer to the actual situation.)

How to withdraw cash with Industrial and Commercial Bank of China credit card

ICBC Credit Card Cardholders can bring their valid ID and credit card to the counter of a local ICBC outlet and use the transaction password to withdraw RMB cash.

Industrial and Commercial Bank of China (INDUSTRIALANDCOMMERCIALBANKOFCHINA, ICBC for short) was established on January 1, 1984. The head office is located at No. 55 Fuxingmennei Street, Beijing. It is a large state-owned bank managed by the central government and a national deputy ministerial level unit.

The basic mission of ICBC is to raise social funds through domestic and foreign financing activities in accordance with national laws and regulations, strengthen credit fund management, support enterprise production and technological transformation, and serve my country's economic construction.

In February 2017, BrandFinance released the list of the top 500 global brands in 2017, with Industrial and Commercial Bank of China ranking 10th.

On June 20, 2018, the "China's 500 Most Valuable Brands" analysis report was released, and ICBC ranked 4th.

In July 2018, the British "Banker" magazine released the list of the top 1000 global banks in 2018, with Industrial and Commercial Bank of China ranking first. In 2018, Fortune ranked 26th among the world's top 500 companies.

On December 18, 2018, the "Top 500 World Brands 2018" compiled by the World Brand Laboratory was announced, and ICBC ranked 43rd.

On June 26, 2019, 8 banks including the Industrial and Commercial Bank of China were among the first to launch online enterprise information verification systems.

In July 2019, it was selected into the 2019 Fortune Global 500, ranking 26th.

In December 2019, ICBC was selected into the 100 Model Brands at the 2019 China Brand Power Ceremony.

On December 18, 2019, the People’s Daily released the China Brand Development Index 100 list, and Industrial and Commercial Bank of China ranked 9th.

On January 4, 2020, it won the "Sustainable Development Effectiveness Award" of the 2020 Finance Evergreen Award.

In March 2020, it was selected as the 6th among the top 500 most valuable global brands in 2020.

In August 2020, the Fortune Global 500 list was released, and Industrial and Commercial Bank of China ranked 24th.

On September 28, 2020, it was selected into the 2020 Top 500 Chinese Enterprises list, ranking fifth.

ICBC has always regarded corporate governance as a basic project to enhance core competitiveness. Focusing on the business goals of sustainable growth of corporate value and excellent shareholder returns, ICBC actively draws on international leading practices and principles of corporate governance to build and improve A modern corporate governance structure composed of the General Assembly, the Board of Directors, the Board of Supervisors and senior management.

Revise and improve the "Articles of Association of Industrial and Commercial Bank of China Co., Ltd." and other corporate governance rules and regulations to continuously improve the independence and operational efficiency of the Board of Directors. An organizational structure and operating mechanism with clear rights and responsibilities, mutual coordination, and effective checks and balances among the power agencies, decision-making agencies, supervisory agencies, and executive agencies have been formed.

As of the end of the reporting period, the Bank’s Board of Directors had 15 directors, including 3 executive directors, 6 non-executive directors and 6 independent directors. The Board of Supervisors has 6 supervisors, including 2 shareholder representative supervisors, 2 external supervisors and 2 employee supervisors.

The bank has initially established a multi-dimensional and multi-level social responsibility planning management and implementation supervision system. Under the direct leadership of the Board of Directors, the Strategic Management and Investor Relations Department of the Head Office coordinates and promotes social responsibility work and prepares social responsibility reports in a unified manner. Relevant departments and offices of the Head Office and branches organize the implementation separately to jointly promote the performance and implementation of social responsibilities.

How to withdraw cash with a credit card?

You can withdraw it directly from an ATM machine.

The handling fee for domestic withdrawals is 1% of the cash advance amount, and the minimum charge is RMB 10 per transaction. Cash advance transactions do not enjoy the interest-free repayment treatment. Interest will be charged at a daily interest rate of 0.5% from the transaction date to the repayment date, and compound interest will be charged on a monthly basis.

If you don’t want to be charged a higher handling fee, you can use Alipay to withdraw cash:

1. To open online banking, first make sure whether your credit card supports online banking. If so, Please activate;

2. Make sure your credit card can transfer money to Taobao Alipay. One point to note is that it must be your own Alipay;

3. Transfer the credit card money to an individual For your Alipay account, make sure that the card you use to withdraw cash from Alipay is a debit card (deposit card), not a credit card or credit card;

4. Use 5-10 days to withdraw the money you want to withdraw from your credit card, according to the minimum return 2Cash out.

Extended information:

Credit card cash withdrawals mainly include overdraft cash withdrawals and overpayment cash withdrawals.

1. Overdraft cash withdrawal means that the credit limit provided by the bank to credit card customers is not only used for card consumption, but part of it can be withdrawn in cash. If the bank provides the cardholder with money, interest will be calculated on all this money from the date of withdrawal, and handling fees will be paid.

2. Overpayment refers to the overpayment of funds by credit card customers when repaying. The overpayment is not the funds provided by the bank, but their own part. All of this can naturally be withdrawn because it does not count. There is no need to pay interest on loans provided by banks. However, you need to pay a handling fee when withdrawing through a bank.

3. Banks generally set the cash withdrawal limit to 50% of the credit limit, but some banks will also give 100%, such as Bank of Communications Guangfa. It depends on the card type of the bank. Of course, the daily cash withdrawal limit is also different. The editor has extracted some information from the bank’s official website as follows:

Bocom: It is set according to the card usage situation, including the credit card Within the credit limit, it is generally 50% of your credit limit.

CITIC: The overdraft cash withdrawal limit is set according to the cardholder’s card usage, and the maximum limit shall not exceed 50% of the cardholder’s credit limit. The daily ATM cash withdrawal limit per person and card is 2,000.

Ping An: The cash withdrawal limit is 50% of the credit limit. The maximum daily cash withdrawal limit for each card at ATMs or counters with the UnionPay logo is RMB 5,000, and the maximum cash withdrawal limit for each card per transaction is RMB 3,000.

Agricultural Bank of China: The daily accumulation of each card shall not exceed 2,000 yuan. Cash advances at ATMs can be made up to 5 times per card per day.

ICBC: You can withdraw cash from domestic ATMs up to 5 times a day, and the daily cumulative amount does not exceed 2,000 yuan. The cumulative amount of overpayment withdrawals does not exceed 5,000 yuan.

Guangfa: For domestic pre-borrowing, the cumulative cash advance amount per card using the credit limit per day shall not exceed RMB 2,000; the maximum daily cash withdrawal from an ATM machine per card shall not exceed RMB 5,000 (with sufficient excess). Amount, at least the overpayment is greater than RMB 3,000)