Does China Merchants Bank charge a handling fee for overseas credit card swiping?

Hello, if you have a UnionPay card, there is no handling fee for spending through UnionPay POS machines.

If you hold a Visa Master Gold Card or Golden Sunflower Card, there is no handling fee for consumption through the UnionPay channel, and if you go through the Visa Master International Organization channel, the foreign currency will be converted into US dollars according to the exchange rate of the international organization for deduction, and the "US dollar cash" account will be deducted first; If the balance of the "USD Cash" account is insufficient, the "USD Cash" account will be called; If the balance of the "USD Spot Exchange" account is still insufficient, then call the "RMB Current" account. The premise for using the funds in the RMB current master account is that the customer activates the function of "RMB entrusted foreign exchange purchase". Please note that if you are using a POS card or ATM to withdraw cash from a non-US dollar country or region, a foreign currency exchange fee will be charged when taking the route of an international organization (charged in accordance with the relevant regulations of international organizations, which is about the transaction amount.

If you can choose the UnionPay channel overseas, it is recommended to use the UnionPay channel for trading.

This family is going abroad?

Yes, China Merchants Bank withdrawal fee is as follows:

1.Local ATM withdrawals: There is no charge for the first two inter-bank withdrawals, starting from the third one, each transaction is 2 yuan.

2.Non-local ATM withdrawal: the amount of each withdrawal for inter-bank ATM withdrawal of the Bank in other places.

3.Inter-bank ATM withdrawal: each transaction fee is 2 yuan + withdrawal amount.

4.Non-local withdrawal fee: A handling fee will be charged according to the withdrawal amount.

If there is an ATM or POS machine marked "UnionPay" overseas, there is no handling fee for swiping the card.

If the credit card is an all-currency card such as Visa, Mastercard, etc., a certain currency conversion fee will be charged for using the card overseas.

Some banks are free of charge for customers with platinum cards or above, and some banks offer free currency exchange fees for dual-label cards (cards with both UnionPay and Visa, UnionPay and Mastercard, UnionPay and JCB or UnionPay and American Express).

There is a handling fee for overseas consumption of China Merchants Bank credit card:

1. For consumption generated by using China Merchants Bank credit card in countries other than US dollars through international organization lines (i.e., non-UnionPay lines), the cardholder needs to pay a foreign exchange exchange fee to convert local currency into US dollars, and the subsequent US dollars have included this exchange fee (Amex Centurion Black Gold Card and Amex Centurion Platinum Card shall be paid at 2% of the settlement amount).

2. There is no foreign exchange fee for US dollar consumption.

3. UnionPay single-currency credit card shall be handled in accordance with the latest regulations of China UnionPay and the Bank.

In overseas countries, you can choose the credit card machine corresponding to the credit card route according to the credit card organization logo on the credit card (such as: visa, mastercard, jcb, American Express, UnionPay) for card swiping, and there is no need to open the card swiping function.

If you swipe your card at UnionPay line, you will be paid directly in RMB; If you swipe your card on an international route, you will be charged in US dollars.

Since credit card purchases made outside of the country will be settled in US dollars, if the purchase amount is not in US dollars, there will be a conversion fee between the two currencies. If the UnionPay line is swiped or the consumption amount is in US dollars, there will be no foreign exchange settlement procedures.