How to safely cash out and prevent card freezing, how to avoid overseas fishing?
First, the most recommended are Hong Kong cards and other overseas bank cards. First, we need to know: The money in a Hong Kong bank card belongs to you!
Because Hong Kong banks are not subject to foreign exchange controls and are not regulated by the mainland. Fund transfers in and out are free. Moreover, Hong Kong cards have these very powerful advantages:
First, the account is absolutely secure. It will not be frozen or limited casually. Even in special situations, you can still go directly to the counter for cash withdrawal.
Second, the transfer limit is up to 3 million HKD (or even higher), and local transfers in Hong Kong are completely free. It is particularly convenient for entering and exiting Hong Kong stocks and US stocks.
Third, it can be directly linked to WeChat, allowing for consumption and cash withdrawal in the mainland, as convenient as local cards.
But overseas cards have certain thresholds, and many people do not have overseas bank accounts.
So, is there any method that can temporarily substitute it?
Yes, using a U card.
There are so many U cards on the market, either the card opening fee is high, or there are various requirements, such as a minimum recharge amount.
So, is there a card with a high cost-performance ratio?
Yes, that would be PokePay, which can be called the king of Hong Kong U cards.
The fee rate is transparently 1% conversion plus 1% consumption, absolutely no hidden fees.
Most importantly, it can be linked to AliPayHK (Hong Kong Alipay).
Since Alipay HK has opened registration for mainland users, you can register with your own mobile number, with a threshold of 0.
If there are brothers with outstanding online loans who are afraid of being deducted by unscrupulous online loans when cashing out to Alipay, they can temporarily use Alipay HK as a substitute. I have personally tested it and it can be used like Alipay for things like buying groceries.
Then use Hong Kong Alipay to scan the code to receive small amounts of secure cash for yourself or friends.
An Alipay HK account has a free limit of 3000 HKD per month. If it exceeds 3000, it will charge a 2.8% fee, which makes it not cost-effective. Therefore, we can prepare multiple AlipayHK accounts. One U card can bind 5 Alipay HK accounts, so in one month, there is a free limit of 15000 HKD, which is enough to meet the needs of most users.
