How Do Units Use Credit Cards To Withdraw Cash?

A cardholder can draw cash from a bank designated by the issuing bank according to his credit card.

When a cardholder draws cash, he should fill in a triple cash withdrawal form. The first is the cardholder's stub, the second card issuing bank's credit card department stub, the third is the agent's stub, and the bank's credit card and identity card are sent to the bank.

The withdrawal bank is required to examine the authenticity of the credit card, the validity period and whether it is included in the stop payment list. Whether the signature of the cardholder is on the cash register is consistent with the reserved signature on the credit card, whether the identity card is compatible with the cash recipient, and so on.

If the excess cash is required to be authorized, the paying bank will apply for authorization to the Credit Card Department of the issuing bank, and make payment after examination.

According to the regulations, the cardholder will not be charged any cash for cash withdrawals at the local level, and 1% of the fee will be paid for the cash withdrawals elsewhere.

Each unit shall prepare cash receipts credentials according to the cardholder's withdrawal slip.

Lend: cash

Loans: other monetary funds -- credit card deposits

Example: Zhang Qiang, a salesperson of Dasheng company, takes cash 8O00 yuan from other provinces and cities by credit card, and pays 80 yuan for handling charges. The cash department's receipts are prepared according to the first reimbursement unit of the cash withdrawal account.

Borrow: cash 8000

Financial cost 80

Loans: Other Monetary Funds - credit card deposits 8080