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When the repayment amount of a credit card holder exceeds the current debt, the excess amount becomes an overpayment.
This article is to introduce how to withdraw overpayment from credit cards issued in China.
Note: Not all banks offer free overpayment withdrawals, such as Ping An Bank. Most banks require withdrawals to be made to the same bank in order to be free. So make sure to check if there are any fees when actually doing it.
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Common knowledge of bank cards in mainland China will not be repeated. Please refer to this article: Basic knowledge of bank cards in mainland China
Industrial and Commercial Bank of China (ICBC)#
Be cautious when using ICBC overpayment, as risk control is strict. In most cases, excessive repayment will not be allowed.
Transferring overpayment from ICBC credit card to the same bank's personal savings card is free, with a daily limit of 20,000 yuan.
Transfer method: ICBC APP - Transfer and Remittance - Register Account Transfer: Select personal savings card as the receiving account and credit card as the paying account. After selecting, the available balance (overpayment) can be seen. Then click on "Transfer in full" to complete the transfer.
China Construction Bank (CCB)#
Transferring overpayment from CCB credit card to the local branch's personal savings card is free (no fees or interest charges), with a daily limit of 20,000 yuan and a monthly limit of 50,000 yuan. The transfer amount cannot exceed the current available credit limit of the card, which means if your limit is less than 20,000 yuan, your limit will be your daily and monthly limit.
Transfer method: CCB APP - Credit Card - Card Services - Card Services - Cash Transfer: The overpayment amount can be seen, and as long as the transfer amount entered does not exceed the overpayment amount, the handling fee will be 0.
Agricultural Bank of China (ABC)#
Transferring overpayment from ABC credit card to the same bank's personal savings card is free.
Transfer method: ABC APP - Home Page - Credit Card - Cash Transfer: The deposit balance (overpayment) can be seen. Select personal savings card as the receiving party, and then click on "Transfer all deposit balance" to complete the transfer. The handling fee is 0.
Bank of China (BOC)#
Transferring overpayment from BOC credit card to the same bank's personal savings card is free, with the same limit as the transfer limit.
Transfer method: BOC APP - Home Page - Credit Card - Balance Transfer: The available balance can be seen. Click on "Transfer all" and select your own BOC savings card as the recipient. The transfer fee is shown as free, and you can confirm the transfer.
Both local and foreign currency overpayments can be transferred out, but the domestic cardless transaction lock needs to be disabled.
Bank of Communications (BOCOM)#
Transferring overpayment from BOCOM credit card to the same bank's personal savings card is free, with a daily limit of 20,000 yuan.
Transfer method: Maidanba APP - Credit Card - Cash Withdrawal - Repay at Any Time: Delete the default amount and enter the overpayment amount.
Postal Savings Bank of China (PSBC)#
Transferring overpayment from PSBC credit card to the same province's personal savings card is free, with a daily limit of 20,000 yuan.
Transfer method:
PSBC APP - Credit Card - More - Card Services - Credit Card Cash Withdrawal: Note that the transferable amount here includes half of your credit limit. The actual overpayment amount can only be known after checking the limit (for example, if the fixed limit is 10,000 yuan and you have actually spent 5,000 yuan, but accidentally paid in 5,900 yuan, the overpayment balance will show 5,900 yuan available for transfer, but the actual overpayment that can be transferred is 900 yuan. Make sure to check carefully before proceeding). Select the savings card in the same province as the credit card in the transferable account.
Or use the PSBC credit card APP: Log in to the credit card APP, click on "Featured - More Services - Credit Card Transfer". Transfer limit: The maximum daily transfer limit for mobile banking and credit card APP is 10,000 yuan for overdraft transfer and 20,000 yuan for overpayment transfer. As there is currently a fee-free activity for overpayment cash withdrawal (within the same province and same bank), both the savings card and credit card need to meet the conditions of overpayment transfer within the same province and same bank to be exempt from fees. The promotion ends on December 31, 2025.
Guangfa Bank#
Transferring overpayment from Guangfa credit card to personal savings card is free, with 15 times per card per day. The transfer limit is 300,000 yuan per card per day for the same bank's savings card and 50,000 yuan per card per day for other bank's savings card.
Transfer method: Fabao APP - My - Bill Inquiry - Click on the amount area - Switch to issued bills - Bill Tools - Overpayment Extraction: The overpayment amount can be seen. Enter the amount and select one of your personal savings cards to submit. Although there is no limit to Guangfa savings cards, withdrawals to the same bank are instant.
China Merchants Bank (CMB)#
Transferring overpayment from CMB credit card to personal savings card is free, with a limit of 3 times per day and a daily limit of 50,000 yuan. CMB's overpayment can be applied for withdrawal after 48 hours of deposit, and it doesn't have to be a CMB savings card, but the savings card needs to be linked to the "Life in Hand" app.
Transfer method: "Life in Hand" APP - Search for "Overpayment Withdrawal": Enter the withdrawal amount and select one of your linked personal savings cards.
Shanghai Pudong Development Bank (SPDB)#
Transferring overpayment from SPDB credit card to the same bank's personal savings card is free (except for American Express RMB single-label cards).
Transfer method: Pudabuxian APP - Search for "Overdeposit Withdrawal": The transferable amount is the overpayment. The requested transfer amount cannot exceed the transferable amount. Enter your own SPDB savings card number as the recipient, select "For personal use" as the fund purpose, and then proceed to the next step to receive a verification code via SMS for successful withdrawal, which is credited in real time.
Foreign currency overpayment cannot be transferred online.
Minsheng Bank#
Transferring overpayment from Minsheng credit card to the same bank's personal savings card is free.
Transfer method: Minsheng Bank APP - Home Page - Credit Card - Instant Cash: Delete the default amount, enter the overpayment amount, and select your own Minsheng savings card as the receiving account. The credit card for transfer needs to be a UnionPay credit card.
Ping An Bank#
Withdrawing overpayment from Ping An Bank credit card is not free, but using RMB overpayment to purchase financial products is free. You can use overpayment to purchase financial products, and after confirming the purchase (takes T+2 working days), you can withdraw the funds.
Transfer method: Ping An Bank APP - Credit Card - More - Card Management - Overpayment, follow the prompts to complete the operation.
The following prompts can be seen:
- Only one overpayment can be withdrawn per day. The daily limit for withdrawing overpayment through mobile banking APP is 200,000 yuan (10,000 yuan for US dollars).
- Overpayment withdrawal supports RMB and US dollars, and can only be withdrawn to the bank's debit card.
- The handling fee for overpayment withdrawal is 5‰ of the withdrawal amount, with a minimum of 5 yuan for RMB (1 US dollar) and a maximum of 50 yuan for RMB (7 US dollars).
- The withdrawal amount plus the handling fee cannot exceed the overpayment amount.
- Purchasing financial products with RMB can be exempt from handling fees.