Why does China Merchants Bank require video verification?

It is normal. Currently, a single transfer of more than 200,000 yuan via mobile banking requires video verification for account security reasons.

When handling transfer business through mobile banking, when the system determines that the customer has not currently subscribed to the SMS verification code protocol, it will prompt the customer whether to activate it through video verification, and the customer will make a video connection after confirmation. This service will require customers to enter their ID number, SMS verification code, and password through the mobile banking channel.

1. Cash withdrawals can be made with China Merchants Bank credit cards.

1. Cardholders can bring their credit card and valid ID to any branch of China Merchants Bank, make an appointment to pick up a number, and then use the transaction password to withdraw cash at the corresponding window.

2. Cardholders can also insert their China Merchants Bank credit card into China Merchants Bank ATM machines and other bank ATM machines with the UnionPay logo, and use the transaction password to withdraw cash.

3. However, the cardholder’s handling fee will be charged. Cash withdrawal fee charging standards: Domestic: Handling fee = 1% of the amount of each cash withdrawal, with a minimum charge of 10 yuan per transaction. Overseas (including Hong Kong, Macao, and Taiwan): Handling fee = 3% of the amount of each cash withdrawal, with a minimum of 30 yuan per transaction.

2. Credit card cash withdrawal is different from credit card cash withdrawal. Credit card cash withdrawal is one of the inherent functions of the credit card itself. Cardholders can use the credit card to withdraw cash from the bank. Credit card cash withdrawal mainly includes overdraft cash withdrawal and overpayment cash withdrawal. way. Overdraft withdrawals require interest, and interest is calculated from the day you withdraw cash, while overdraft withdrawals do not require interest and only require payment of part of the handling fee, depending on the regulations of each bank. It should be noted that the bank card logo under the Visa International Credit Card Organization is VisaElecronInterlinkPlusVisa cash. Among them, Visa's credit card allows cash withdrawal and overdraft. Debit cards under ElecronVisa can withdraw cash but cannot be overdrawn. PlusVisa's ATM cards can only withdraw cash and cannot be overdrawn. InterlinkVisa's Interlink debit card allows cash withdrawals but cannot be overdrafted. The overdraft cash withdrawal limit is set according to the cardholder's card usage, and the maximum limit shall not exceed 50% of the cardholder's credit limit. The daily limit for ATM cash withdrawals per person and card is 2,000. In addition to the cash withdrawal fees for credit card withdrawals, interest must be paid for overdraft withdrawals at home and abroad. Some banks can enjoy interest-free treatment. Overpayment withdrawal is when the cardholder withdraws the funds stored in the card or the funds overpaid during repayment. Overpayment can automatically increase the available limit of the main card, but does not increase the available limit of the supplementary card. If there is a need to increase the available limit of an additional card, the cardholder should call the bank's telephone service hotline to apply. Regarding the credit card cash withdrawal method, cardholders only need to log in to the bank's credit card online banking, select the cash advance function, and then follow the prompts. The cash pre-borrowed from the credit card can be directly transferred to the personal debit card account, which is relatively simple to operate. Telephone cash advance means calling the bank's credit card customer service hotline and following the voice prompts to transfer the cash advance into your personal debit card account.