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ATM and Bank Draft Service Fee Change Notice


 

According to the China UnionPay, effective Oct 1st, 2015, a cap on annual cash withdrawal at designated ATMs in overseas regions  (including Hong Kong, Macao and Taiwan, the same applies hereinafter) is newly imposed on UnionPay RMB cards issued in mainland China with following details:

1. The current cap requirement of ten thousand RMB equivalent on cash withdrawal per card per day will remain the same. From October 1st to December 31st 2015, the cap shall be the equivalent of fifty thousand RMB. 

2. Effective January 1st 2016, cumulative annual cash withdrawal overseas for each mainland China-issued UnionPay RMB card shall not exceed the equivalent of one hundred thousand RMB. Any transactions over the limit will be declined automatically by the China Union Pay system.

Accordingly, effective December 1st, 2015, we will adjust our cash withdrawal limit per each transaction to C$600 for China UnionPay cash withdrawal at our ATMs and each transaction will be subject to a service charge of C$2.50.

OTHER FEE CHANGE NOTICE

Effective December 1st, 2015, our service charge for cashing (payment in cash or exchange into our official cheque) or encoding Bank Draft drawn on our bank will be adjusted to C$25 per draft.  This fee will be waived if the Bank Draft is deposited into an account with our bank for a period not less than one month.

For enquiries, please refer to Branches or contact Customer Service Hotline @ 1-877-823-2288.

BANK OF CHINA (CANADA)
OCTOBER 1, 2015

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