Can I withdraw cash across banks?

Mondo Finance Updated on 2024-02-20

Cash withdrawals are available across banks, but there are some related matters and procedures that need to be noted.

First of all, you need to determine whether the bank card you hold has opened the cash withdrawal function, and if not, you need to contact the bank to activate the function.

Secondly, you need to check whether your bank card supports inter-bank cash withdrawal. In China, the UnionPay network is an important bank card trading platform with extensive network coverage, and the ATMs of different banks are usually connected to the UnionPay network. Therefore, as long as your bank card can be used in the UnionPay network, you can withdraw cash across banks.

In addition, you need to understand the fees and limits for inter-bank cash withdrawals. There may be some differences between different banks and different regions, so you need to check with your bank before proceeding. There is usually a fee for interbank withdrawals, and there is also a maximum limit per day or per transaction.

When making an inter-bank cash withdrawal, you need to go to the ATM or counter of the target bank and follow the corresponding operation instructions. Generally speaking, inter-bank cash withdrawals are similar to peer cash withdrawals, but you need to enter some additional information, such as the ** or name of the target bank.

In short, it is possible to withdraw cash across banks, but you need to pay attention to the relevant matters and procedures. When making an inter-bank cash withdrawal, you need to determine the compatibility of your bank card with the target bank, understand the handling fee and limit, and go to the ATM or counter of the target bank to operate.

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