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Recently, with the recommendation of a small partner, I applied for the Universal Life Debit Card of Industrial Bank. This card was launched by Industrial Bank, which can meet customers' needs for foreign exchange investment, overseas travel, overseas study, cross-border salary settlement, cross-border payment withdrawal, etc., and provide a variety of foreign exchange service interests. Friends who need it can try it. This article shares the whole process of the blogger from application to activation and cross-border remittance. Friends in need can serve as a reference.
Advantages of Huanyu Life Debit Card
- 50% discount on transaction rate of foreign exchange purchase and settlement
- The first 30 cross-border foreign exchange remittances are free of handling fees and telecommunications fees
- The first three monthly service charges for overseas UnionPay ATM withdrawal are free
- Free service charge for issuing deposit certificate/foreign currency carrying certificate
Apply for Huanyu Life Debit Card
Application address: https://e.cib.com.cn/app/mobile/public/sendDebit/sendDebit.do?chnlNo=02#
It is recommended to open the above application address with a mobile phone, and then fill in the certificate information and mailing address. The application process is relatively simple, but pay attention not to fill in the ID card information and mailing address incorrectly, and do not use false information to avoid affecting card issuance and activation.
- Blogger 11-09 Submit Application
- 11-11 EMS express sent from Huangshi, Hubei, without SMS notification before sending
- 11-12 Receive debit card
Activate Huanyu Life Debit Card
The blogger on 11-13 went to a nearby Industrial Bank branch to activate, and the staff asked if it was online application, and I said yes. And asked about the purpose of the card, I told you about the daily consumption. They told me that only Class II households could be opened. I asked for Class I households (otherwise this card would be invalid) and asked me to provide:
- Social security certificate (check on the applet and take photos of the staff)
- Property certificate (check on the applet and take photos of the staff)
After providing the above proof, the staff assisted in completing the activation on the self-service machine, and the whole process took about 10 minutes. However, the limited daily limit is 5k, and it is said that it will take three months to assess whether the amount can be increased according to the use situation and the payroll flow (this limit is really tough).
Cross border remittance
Huanyu Life Debit Card has a very friendly exchange rate for foreign exchange purchase compared with other banks. After successful activation, the blogger conducted foreign exchange purchase HKD and cross-border remittance operations. The following is the actual remittance process.
Remittance to Huanyu Life Debit Card ZA BANK
- Remittance 1000 HKD to ZA BANK
- T/T/service charge is 0
- 900 HKD was received on the same day, and 100 HKD was deducted by the Chinese transfer bank, which took 1 working day
Remittance to BOC Hong Kong by Huanyu Life Debit Card
- Remittance 1500 HKD to BOCHK
- T/T/service charge is 0
- 1500 HKD is received on the same day, and the transfer fee is not deducted, which takes 1 working day
Remittance to Huanyu Life Debit Card Ant Bank
- Remit 1000 HKD to Ant Bank
- T/T/service charge is 0
- 900 HKD received, 100 HKD deducted by the intermediary bank
The measured result is that there is no central bank transfer fee when remitting HKD to BOC Hong Kong by Universal Life debit card, and 100 HKD transfer fee is deducted when remitting to ZA BANK and Ant Bank, two virtual banks. You can try to remit to other physical banks in Hong Kong to see if there is any central bank transfer fee.
epilogue
Industrial Bank Huanyu Life Debit Card is easy to apply for and fast to issue, which is suitable for cross-border use. When offline outlets are activated, they need to provide a series of certificates (house property certificate/social insurance/provident fund/salary flow, etc.
The first 30 cross-border remittances are free of commission charges and telecommunications fees, but there may be intermediary bank fees. The blogger did not deduct intermediary bank fees (in full amount) when actually remitting to BOCHK, but 100 HKD of intermediary bank fees were deducted when remitting to virtual banks such as ZA BANK/Ant Bank.
If you use the Universal Life debit card to remit money to other banks, please leave a message to share your valuable experience.
