Unionpay annual withdraw limit time frame

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shahabh
Posts: 20
Joined: Sat Apr 06, 2019 2:52 am

Unionpay annual withdraw limit time frame

Post by shahabh »

Hello, I was hoping if someone can clear this up for me. I know that unionpay has an annual withdrawal limit of 100,000 yuan a year but does that mean calendar year (January 1 till December 31)? Or does it mean from the time I got a unionpay card (for example I got a unionpay card in May 2019 so the limit will be from May 2019-May 2020.

Thank you.
mysharona
Posts: 210
Joined: Thu Jan 13, 2011 1:25 am

Re: Unionpay annual withdraw limit time frame

Post by mysharona »

I must be missing something as I have a Unionpay debit card and I can withdraw 20K/day from my account with no limit to a yearly amount.
IE_sciteacher
Posts: 38
Joined: Wed Feb 27, 2019 10:05 pm

Re: Unionpay annual withdraw limit time frame

Post by IE_sciteacher »

The 100 000 rmb is for foreign withdrawls outside of China. What I have read and understand is it is calendar year. I do not think China differentiates between calendar and fiscal year like the west does.

Note the 100k rmb is per passport not per card. This was changed a few years ago. Bank transfers do not count towards the 100k. Only atm withdrawls and purchases.

https://www.thatsmags.com/china/post/21 ... bank-cards
mysharona
Posts: 210
Joined: Thu Jan 13, 2011 1:25 am

Re: Unionpay annual withdraw limit time frame

Post by mysharona »

That makes sense as they try to control the flow of cash out of the country.
PsyGuy
Posts: 10789
Joined: Wed Oct 12, 2011 9:51 am
Location: Northern Europe

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Post by PsyGuy »

Concur with @IE_sciteacher
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