What should I do if I receive a reminder that the bank is suspected of cashing out?

Hello, if you receive this SMS reminder, it is very likely that your credit card consumption behavior triggered the bank's risk control system. In this case, it is best to standardize your credit card recently, and participate in various activities of the bank appropriately, so as to try to lift the risk control of the bank.

Suspected cashing is usually reduced or frozen by banks. If the cardholder wants to unfreeze after being frozen, he needs to print out the consumption details of the recent period and submit them to the bank for review to prove that the credit card has not been cashed out or stolen. If the bank approves, the credit card will be unfrozen.

One: Cash-out is a personal capital, which refers to the subtle differences in prices of the same product or almost equivalent products in different markets.

Two: illegal cashing generally refers to obtaining cash benefits through illegal or false means. According to the Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Specific Application of Laws in Handling Criminal Cases of Impairment of Credit Card Management, cashing refers to the direct payment of cash to credit card holders through fictitious transactions, false pricing and cash return. Using point-of-sale terminal equipment (POS machines) in violation of state regulations. In the merchant risk management rules of UnionPay card acquirer of China UnionPay, the definition of cashing behavior is: the merchant colludes with bad cardholders or other third parties, or the merchant takes cash by fictitious transaction.

Three: Empty card cashing

Empty card cashing is actually a method of cashing by credit card. Here is a brief introduction to the empty card cashing of credit cards.

Conventional credit card cashing means that the cardholder draws the full amount within the credit limit of your credit card through a number of cashing companies or other institutions, and then the cardholder immediately gives you cash. This method requires a handling fee ranging from 1.5-3%.

Empty card cashing is to withdraw cash from your credit card when your credit line runs out, and the amount withdrawn can be several times that of your credit line. This kind of cashing is relatively difficult to complete. Only a few banks can cash out their credit cards empty, and the formalities cost is relatively high, with the highest 25% and the lowest about 15%. Usually the cashier takes you to Suning Appliance or Gome and other businesses to buy electrical appliances, and pay by credit card in installments. Then the agent will give you cash and charge you a handling fee. As for the goods bought, the intermediary will return them to the mall in some way.