CMB Cross-Border Banking Services | Generated by AI
Cross-Border Services: CMB Wing Lung Bank (HK) to China Merchants Bank (Mainland China)
CMB Wing Lung Bank in Hong Kong is a wholly-owned subsidiary of China Merchants Bank (CMB), providing seamless integration for cross-border services between HK and Mainland China. This means you can withdraw cash via ATM or transfer funds electronically from a CMB Wing Lung HK account to a CMB account in China. Both are supported, but details vary by account type, currency (HKD/RMB/CNY), and method. Always activate overseas ATM functions in advance via the bank’s app, phone (+852 2309 5555), or branch, as they’re preset to “deactivated” for security.
ATM Withdrawals
Yes, you can withdraw RMB (CNY) at CMB ATMs in Mainland China using your CMB Wing Lung HK ATM/debit card (especially if it’s a dual-currency UnionPay card). The transaction debits your HK account (in HKD equivalent if needed) with currency conversion at the bank’s rate. No exchange conversion fees apply if using an RMB-linked account.
| Aspect | Details | Fees (per transaction) | Notes |
|---|---|---|---|
| Eligibility | CMB Wing Lung ATM Card (HKD or RMB) or dual-currency card via UnionPay network. Limits: RMB 2,500–3,000 per withdrawal; daily up to HKD 20,000 equivalent. | HKD 0–20 (waived at CMB ATMs for most cards). | Mainland China counts as “overseas” for HK cards. Use CMB branches for reliability; other UnionPay ATMs may add RMB 12–15. |
| Activation | Required for overseas use; set daily limit via app/ATM. | N/A | Without activation, transactions are blocked. |
| Currency | Withdraw RMB; auto-converted if from HKD account. | FX markup: 0–1% (bank’s rate). | Avoid DCC (dynamic currency conversion) at ATMs to prevent extra fees. |
For exact fees on your card, check the CMB Wing Lung service charge table or app.
Fund Transfers
Yes, transfers are straightforward and often low-cost due to group affiliation. Use online banking, app, or branch for same-day or next-day delivery to CMB accounts in China. Supports HKD, USD, or RMB; personal accounts are eligible.
| Method | Description | Time | Fees | Notes |
|---|---|---|---|---|
| RMB Remittance (to Mainland) | Direct transfer to CMB China account via e-banking/app. | Same-day (cut-off: 5 PM HK time). | HKD 0–80 (often waived for personal; includes no telegraph fees). | Ideal for CNY; app-based transfers to mobile numbers (no account number needed). |
| Telegraphic Transfer (TT/SWIFT) | For HKD/USD to any CMB branch. | 1–2 days. | HKD 100–200 + possible correspondent fees (RMB 50–100). | Use for larger amounts; integrate with CMB’s global network. |
| FPS (HK-local, then cross-border) | Instant HK transfers, but for China, route via remittance. | Instant to HK, then 1 day to China. | HKD 0 (FPS) + remittance fee. | Not direct to China; use for topping up before remitting. |
- Two-way Integration: Easy HKD/USD transfers via CMB Wing Lung’s link to parent CMB.
- Limits: Daily up to HKD 500,000 equivalent; higher for Premier/Private Banking.
- Alternatives: Alipay/WeChat for P2P (free/fast, but trust recipient); avoid if corporate.
For personalized quotes, log into CMB Wing Lung e-banking or contact support. Regulations (e.g., SAFE in China) may require ID for large transfers.