People ask every day in the square how to safely withdraw money?
Everywhere you see posts saying it's too difficult to withdraw large sums, how to withdraw one hundred thousand? It’s too easy to get your card frozen 😭
How to withdraw ten million? It's too easy to receive dirty money! 😭
The answers given are always the same few: go to Hong Kong, go overseas, apply for a U card, apply for a foreign card... In fact, apart from binding small consumer expenses, there is no feasibility at all, it’s just inexperienced people echoing what they've heard or various card application intermediaries promoting their services. Because the unavoidable issues are these: the 50,000 foreign exchange limit, how to transfer large amounts of foreign cash back; high-frequency large withdrawals and spending will be controlled regardless of which country's card it is. Not to mention that various U cards have an exchange rate loss of 4-5 points, and even some ATMs in Hong Kong have a withdrawal loss of up to 10 points, and ultimately you still have to face the problem of how to return large amounts of cash!
So the current state of the large withdrawal market explains why there are so many cash U merchants; without needing to transfer money, of course, there won't be any frozen cards 😬😬. However, cash also has its disadvantages; large denominations are cumbersome, attract attention, and make people easily associate with certain activities! Thinking this way, isn’t it quite simple!