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Q: Can I just withdraw my saving from the U.S?

 United States of America: Citibank accepts UnionPay cards at ATMs for United States dollar withdrawals. In May 2005 Discover Network announced an alliance with China UnionPay Network. The two companies have signed a long-term agreement that allows acceptance of Discover Network brand cards at UnionPay ATMs and point-of-sale terminals in China and acceptance of China UnionPay cards on the PULSE network in the U.S. Wells Fargo accepts UnionPay cards at ATMs for United States dollar withdrawals, recently confirmed in February 2013.[13] As of November 1, 2007, China UnionPay cards may be accepted where Discover Network Cards are accepted in the United States..

 

 

Based on the information above does this mean I could slowly but surely withdraw from my China savings bank from the U.S at say a Citibank? Yes yes I know there is charge for the withdraw fee, but I doesn't matter. I know I could only withdraw 20,000 RMB a day in the form of U.S dollars.

 

Did anyone ever try this,  Say withdrawing 100,000 RMB slowly back home in the U.S?

 

8 years 23 weeks ago in  Money & Banking - China

 
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I haven't tried but I don't think it should be a problem. You want to look into what exchange rate you get buy doing it that way and what fees might be involved. I've used my Unionpay cards around Asia and in Europe, but only for purchases. 

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8 years 23 weeks ago
 
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Hi WanderingTeacher! (Yes, I'm sure it's you ha)

 

I've used Chinese bank issued Union Pay cards in North America although I never tested the withdrawal limit.  If you want more details and ATM locations I recommend the Union Pay website for more information:

 

http://en.unionpay.com/englobalization/all_globzlization/enus/en_usa_a/i...

Iron_Monkey:

I should add in Hong Kong my mainland Union Pay cards seem to max out at withdrawing the equivalent of 10000 RMB per day.

8 years 23 weeks ago
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