Credit cards can be used to withdraw funds across banks, but inter-bank withdrawal fees will be charged.
According to Article 26 of the "Bank Card Management Measures", the cardholder shall bear the fees for inter-bank withdrawals at ATM machines, and the following charging standards shall be implemented:
(1) When a cardholder withdraws money within the city where the card was received, the charge per transaction shall not exceed RMB 2;
(2) When the cardholder withdraws money outside the city where the card was received, the charge per transaction shall not be less than RMB 8 RMB;
The handling fee earned from inter-bank withdrawals from ATM machines will be distributed in a ratio of 70% to all banks and 30% to the information exchange center.
Extended information:
Article 45 of the "Bank Card Management Measures" card-issuing banks shall comply with the following credit card business risk control indicators:
(1) Same The amount of a single overdraft incurred by a cardholder shall not exceed 20,000 yuan (including the equivalent in foreign currency) for personal cards and 50,000 yuan (including the equivalent in foreign currencies) for corporate cards.
(2) The monthly overdraft balance of the same account for personal cards shall not exceed 50,000 yuan (including the equivalent in foreign currencies), and for corporate cards shall not exceed 3% of the comprehensive credit limit of the issuing bank for the unit. For units that have no comprehensive credit limit to refer to, their monthly overdraft balance shall not exceed 100,000 yuan (including the equivalent in foreign currencies).
(3) The overdraft limit of a foreign currency card shall not exceed 80% of the cardholder’s security deposit (including the pledged amount of the savings certificate).
(4) The average monthly overdraft balance that occurs for more than 180 days (including 180 days, the same below) from the date of implementation of these Measures shall not exceed 15% of the average monthly total overdraft balance.
Baidu Encyclopedia - Bank Card Management Measures