Definition
Settlement of FX for cardholders using international cards to check out at Huaxia Banks’ merchants, draw cash at designated Huaxia Bank savings branches or use card to pay for shopping at POS. Two types of acquiring services: 1. cash advance at ATM or Huaxia Bank outlets 2. POS acquiring in which the cardholders use card to settle bill at Huaxia Bank merchants.
Price
Fees: use FX cards at check-out: minimum 4% of the transaction amount;
Cash advance at ATM: USD 2.25 each withdrawal
Cash advance at Huaxia outlets: 3% of the amount drawn
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