Hello, if it is a China Merchants Bank debit card or UnionPay card, when using UnionPay RMB cards in countries and regions where UnionPay business is opened overseas (including Hong Kong), the transaction currency will be the local currency. UnionPay uses RMB as the settlement currency for UnionPay RMB card issuers, and card issuers use RMB for settlement with customers. Note: Overseas ATM cash withdrawal and POS consumption functions need to be activated separately.

UnionPay cards can only be used overseas on machines with the UnionPay logo. When UnionPay cards are used for overseas purchases, the currency used for transactions is the local currency of the place where the transaction occurs, and the settlement currency is RMB. Our bank does not charge handling fees for card payments. When withdrawing money from ATMs overseas through the UnionPay system, a handling fee of 5‰ will be charged based on the amount of each transaction, with a minimum of RMB 10. Some countries will charge additional handling fees (such as Japan and the United States). And the daily withdrawal of local cash from a single card at an automatic teller machine (ATM) shall not exceed the equivalent of 10,000 yuan.

If it is an international debit card, there are two situations:

1. Take the international organization route, the transaction currency is the local currency of the place where the transaction occurs, and the settlement currency is US dollars.

2. Using the UnionPay system, the transaction currency is also the local currency of the place where the transaction occurs, and the settlement currency is RMB.

When swiping the card, only the exchange rate of the currency is exchanged, and there is no handling fee. When withdrawing money from UnionPay system ATMs overseas, a handling fee of 5‰ will be charged based on the amount of each transaction, with a minimum handling fee of RMB 10 (in some countries (such as Japan and the United States), local acceptance institutions may charge additional handling fees to cardholders).

If it is through an international organization, it is 1% of the transaction amount, with a minimum of 2 US dollars and a maximum of 100 US dollars. If you use an international debit card for POS card swiping or ATM cash withdrawal in a non-US dollar area, a foreign currency exchange fee will be charged when taking the international organization route (charged in accordance with the relevant regulations of international organizations, approximately 1.5 of the transaction amount).

If you are using a VISA or MasterCard card overseas, the specific usage regulations will depend on the machine with the logo on which you are using the card.

If it is used on a machine with the UnionPay logo, because UnionPay is settled in RMB, the RMB will be converted directly from your RMB current account into the local currency at the UnionPay exchange rate of the day to complete the transaction. of.

If you use a machine with the VISA or MasterCard logo, because the settlement is in US dollars, the money will be directly deducted from your US dollar account on the card to complete the transaction;

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If there happens to be no money in the US dollar account on your card, you need to check whether your card has opened a RMB entrusted foreign exchange purchase function when you were in China. If it has been opened, you can first convert the RMB into U.S. dollars, and then use U.S. dollars to complete the transaction, otherwise the transaction will not proceed.