How much is the handling fee for cash withdrawals from Bank of China BOC series credit card ATMs
Self-service terminals: domestic (excluding Hong Kong, Macao and Taiwan): our bank and inter-banks are based on 1% of the transaction amount. The minimum amount for each bank is RMB 8 yuan/transaction, and the minimum amount for inter-bank transactions is RMB 12 yuan/transaction;
Overseas and Hong Kong, Macao and Taiwan (non-UnionPay network): 3% of the transaction amount, minimum USD 3.5/500 yen per transaction;
Overseas and Hong Kong, Macao and Taiwan (UnionPay network): 1% of the transaction amount, minimum RMB 15 per transaction;
Corporate business card is 3% of the transaction amount, minimum RMB 30 Yuan/pen. (Note: Other fees incurred for cash withdrawals at non-Bank of China self-service terminals overseas shall be borne by the cardholder).
The above content is for your reference, please refer to actual business regulations.
If you have any questions, please feel free to consult Bank of China’s online customer service.
You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.
How much is the handling fee for cash withdrawals from Bank of China credit card ATM machines?
Prices for Bank of China credit card self-service channel cash withdrawal services:
1. Great Wall Global Connect Series Products: This Local bank: free; other bank: RMB 10/transaction; cross-bank local: RMB 4/transaction; cross-bank different location: RMB 12/transaction; overseas bank or member bank of an international organization: 3% of the transaction amount, minimum 3.5 USD/transaction or 500 yen/transaction; Overseas UnionPay: RMB 15/transaction;
2. Bank of China series products: domestic and inter-bank: 1% of the transaction amount, the minimum of our bank is RMB 8 /transaction, minimum RMB 12/transaction across banks; overseas bank or member bank of an international organization: 3% of the transaction amount, minimum USD 3.5/transaction or 500 yen/transaction;
3. Overseas UnionPay: 1% of the transaction amount, with a minimum of RMB 15 per transaction;
You can check the Bank of China's official website () Bank Card Service Guide, Card Application Guide, Bank of China Credit Card Service Fee Price List.
The above content is for your reference, please refer to actual business regulations.
If you have any questions, please feel free to consult Bank of China’s online customer service.
You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.
Are there any fees for withdrawing cash from an ATM with a credit card?
Yes.
Except for some credit cards that can withdraw cash for free, most credit cards require a handling fee for withdrawing cash from ATM machines. Different banks have different cash withdrawal fees, but they are generally 1% of the cash withdrawal amount. Fees are charged, but minimum and maximum fees are set. In addition, the fees for domestic and overseas cash withdrawals are also different.
In addition to charging fees, credit card cash withdrawals will also calculate interest at a daily interest rate of 0.5%, and many banks now have relevant regulations that you can no longer enjoy the minimum repayment amount after withdrawing cash, and you need to make a one-time payment Repay the full amount, so it’s still quite uneconomical.
Extended information:
Notes:
There is no interest-free period for credit card cash withdrawals. In addition to charging a one-time cash withdrawal service fee, the bank will also Calculate interest. This means that the cardholder needs to pay off all the principal, handling fees, interest, etc. of the cash withdrawal when repaying the loan.
The amount of cash that cardholders can withdraw is limited. Normally, the credit card cash withdrawal limit is 50% of the personal credit card credit limit, and the maximum daily cash withdrawal limit is 2,000 yuan. Finally, not all credit cards support cash withdrawal operations. Some credit cards require the cash advance function to be activated before cash withdrawal operations can be performed.
In general, the use of credit cards to withdraw cash is not supported if conditions permit. When you need cash to solve a problem, you can use your credit card to withdraw cash. Cardholders need to understand the above precautions to prevent problems that cannot be solved when withdrawing cash.
People's Daily Online - Credit card cash withdrawals have entered the era of 10,000 yuan. Calculate cash withdrawal fees and interest
Baidu Encyclopedia - Credit card cash withdrawals
How much does a credit card ATM charge for cash withdrawals?
The general standards are:
1. The handling fee is charged at 0.5%-3% of the cash withdrawal amount, with the minimum fee ranging from 1 yuan to 30 yuan. For withdrawals across banks and non-UnionPay networks, the handling fee will be higher.
For local and bank cash withdrawal services, some banks have preferential policies that waive handling fees.
2. Interest is charged at 0.5% per day, which is equivalent to a monthly interest of 1.5%, and compound interest is calculated on a monthly basis.
Credit card cash withdrawal is different from credit card cash withdrawal. Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to withdraw cash from the bank. Credit card cash withdrawal mainly includes overdraft cash withdrawal and overpayment cash withdrawal. . Overdraft withdrawals require interest, and interest is calculated from the day you withdraw cash, while overdraft withdrawals do not require interest and only require payment of part of the handling fee, depending on the regulations of each bank.
It should be noted that the bank card logo under the Visa International Credit Card Organization is Visa Elecron Interlink Plus Visacash. Among them, Visa's credit card allows cash withdrawal and overdraft. Debit cards under ElecronVisa can withdraw cash but cannot be overdrawn. PlusVisa's ATM cards can only withdraw cash and cannot be overdrawn. InterlinkVisa's Interlink debit card allows cash withdrawal but cannot be overdrawn.
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 limit for ATM cash withdrawal per person and card is 2,000. In addition to the cash withdrawal fees for credit card withdrawals, interest must be paid for overdraft withdrawals at home and abroad. Some banks can enjoy interest-free treatment.
Overpayment cash withdrawal is when the cardholder withdraws the funds stored in the card or the funds overpaid during repayment. Overpayment can automatically increase the available limit of the main card, but does not increase the available limit of the supplementary card. If there is a need to increase the available limit of an additional card, the cardholder should call the bank's telephone service hotline to apply.
Credit card cash withdrawals mainly include overdraft cash withdrawals and overdraft cash withdrawals. Overdraft cash withdrawals are small cash loans provided by banks to cardholders, which help cardholders flexibly allocate funds when they are in urgent need. .
Cash withdrawal of overpayment refers to the funds that credit card customers overpaid when repaying or the funds deposited in the credit card account. A certain amount of handling fee is required to withdraw the overpayment. This amount can increase the available limit of the cardholder's credit card or be used directly for consumption repayment. If there is an overpayment on the credit card, the overpayment will be deducted first and then the credit limit. If the overpayment is greater than the consumption amount, there will be no overdraft.
Regarding the credit card cash withdrawal method, cardholders only need to log in to the bank’s credit card online banking, select the cash advance function, and then follow the prompts. The cash borrowed from the credit card can be directly transferred to the personal debit card account. , the operation is relatively simple. Telephone cash advance means calling the bank's credit card customer service hotline and following the voice prompts to transfer the cash advance into your personal debit card account.
Is there a handling fee for withdrawing cash from a credit card ATM?
Credit card cash withdrawals naturally require a certain handling fee. However, the channels for withdrawing cash are different, and the banks to which the credit cards belong are different. The handling fee The charging standards will also vary.
For example, China Construction Bank stipulates:
Domestic cash withdrawals are charged at 1% of the amount, with a minimum of two yuan and a maximum of one hundred yuan (the bank’s local overflow payment fee is waived ). When withdrawing local currency from bank acceptance outlets with VISA or MasterCard logos or ATMs marked with "PLUS" or "CIRRUS" overseas, the fee is 3% of the cash withdrawal amount, with a minimum of three US dollars; when withdrawing cash from ATMs with the UnionPay logo overseas, the fee is 1% of the cash withdrawal amount plus twelve yuan is charged, with a minimum of fourteen yuan.
The Bank of Communications also stipulates:
Domestic charges are 1% per transaction, with a minimum charge of ten yuan per transaction. Overseas transactions through the UnionPay network are charged at 1% plus 12 yuan per transaction, with a minimum charge of 15 yuan per transaction; overseas transactions through the VISA/MasterCard network are also charged at 1% per transaction, with a minimum charge of 5 US dollars per transaction.
CITIC Bank: The handling fee for RMB cash withdrawal is 2%, with a minimum of 20 yuan. Both the principal and the handling fee have interest, which is 50,000 yuan. If the interest is less than 1 yuan at the end of the month, 1 yuan will be charged. The handling fee for overseas US dollar cash withdrawal is 3%, with a minimum of US$3. If the monthly interest is less than US$1, US$1 will be charged. China Merchants Bank: The cash withdrawal rate is 1%, with a minimum charge of 10 yuan at a time and 0.05% of the principal.
Bank of Beijing: The cash withdrawal fee is 1%, with a minimum charge of 10 yuan. Interest will be calculated starting on the same day, with a daily rate of 0.05%.
Guangfa Bank: 2.5% cash withdrawal handling fee for amounts above 400 yuan, minimum 10 yuan, and 0.5% interest per day.
China Everbright Bank: 2.5% cash withdrawal handling fee, minimum 10 yuan, interest will be calculated starting from the day of cash withdrawal, and the interest will be 0.5% per day.
Bank of China: Bank of China series, domestic bank, ATM machine or counter 1%, ATM machine minimum is 8 yuan, counter minimum is 10 yuan, overseas international 3%, minimum is 3.5 US dollars; Great Wall series, local Free for local travel, 1% for out-of-town, minimum 10 yuan, 12 yuan/transaction for cross-bank travel to different places, 14 yuan/transaction for local travel, 3% for overseas international, minimum 3.5 US dollars.
Everyone needs to note that in addition to the handling fee for cash withdrawal by credit card, interest will also be charged at a daily interest rate of 0.5% from the day of withdrawal, and compound interest will be calculated monthly until the withdrawal date is maintained. Until all cardholders have paid off.
That’s it for the introduction of credit card ATM cash withdrawal fees.