CUP service opening time       January 2005

Local CUP service hotline     0079-814-800-7159

CONSUMPTION BY WIPING CARD ON POS

Application Range

Merchants with CUP labels all accept CUP cards. Some merchants may not have put up the CUP label, so cardholders can inquire the cashier whether CUP cards are accepted.

Merchant Characteristics

Currently, CUP’s promissory merchants in Korea have reached several ten thousand in number. They are mainly located in major tourist cities like Seoul, Busan, Jiju Island and Incheon, as well as shopping malls frequently visited by the Chinese. It is worth mentioning that all dutyfree stores at Incheon Airport accept CUP cards.

Accepted Cards

Bank cards with the CUP label, including dual currency cards.

Reminder: When using dual currency cards, cardholders are recommended to ask the cashier to choose CUP network, so as to assure the enjoyment of various favorable treatments and services provided by CUP network.  As certain amounts of limits exist for credit card consumption, CUP debit cards are more suitable for large consumption on luxuries, as they are subjected only to the limit of balance account of the cards.

Relevant Charges

No commission charge for overseas card-using.

When consuming through CUP network, the currency exchange charge of 1%-2% will be exempted. CUP will change the amount in local currency into RMB amount to deduct from the holder’s RMB account.

ATM CASH WITHDRAWAL

Application Range

Several ten thousand ATMs of Hannet and my cash zone accpet the withdrawal of cash in Korean won by CUP cards. Cardholders can find ATMs that accept CUP cards easily at airports, convenience stores and subway station.

CUP cards cannot perform over-counter transfer and cash withdrawal abroad.

Accepted Cards

Bank cards with the CUP label, including dual currency cards.

Reminder: Cardholders are recommended to use CUP debit cards abroad since overdraft interest will be charged when drawing cash with credit cards.

How to Identify ATMs Accepting CUP Cards?

The CUP label.

Chinese Interface

Apart from ATMs of Citibank, all ATMs that accept CUP cards have Chinese interfaces.

Cash Withdrawal Procedure

Withdraw cash by inserting the card or wiping the card, and then choose CUP on the screen to enter Chinese interface.

Charge and Limit on Withdrawal

Daily cash withdrawal from a debit card should not surpass the Korean Won equivalent of 10 thousand RMB.Daily cash withdrawal from a credit card should not surpass the Korean Won equivalent of 5 thousand RMB.

Issuing banks charge a certain amount of commissions for overseas cash withdrawal. Limits on daily withdrawal times and amount as well as commission charges can be obtained from card issuing banks.

When drawing cash through CUP network, the currency exchange charge of 1%-2% will be exempted. CUP will change the amount in local currency into RMB amount to deduct from the holder’s RMB account.