The funds after purchasing Chao Chaoying are placed in the Chao Chaoying account and cannot be used directly. If you want to use these funds for withdrawal, card swiping, payment, transfer, repayment, automatic deduction, etc., you need to redeem them first and wait until the funds are transferred to the current account before they can be used.

Redemption process: Please log in to mobile banking and click "My → All → Financial Management → Chao Chaoying → Transfer Out" at the bottom of the page.

(Response time: September 3, 2019. For the latest business changes, please refer to the official website of China Merchants Bank)