danb Posted March 14, 2014 Report Share Posted March 14, 2014 I know this has been a topic before. Not sure if this method has been posted before: http://uk.reuters.com/article/2014/03/12/uk-china-unionpay-special-report-idUKBREA2B00B20140312 I thought I just saw an article on CCN the other day on this subject but couldn't find it today. It talked about being able to access large amount in Macau by just visiting stores around the casino's in Macau. It is probably a "grey" area but I wonder if there are foreign banks in Macau that that money could be redeposited into. Also maybe this could be done say in Hong Kong or maybe even New York City. The article said that citizens could get 50K cash from their Union Pay credit card. That is a lot money for a one day transaction. Of course if this is a "grey" method then one should consider the possible consequences. Danb Link to comment Share on other sites More sharing options...
tsap seui Posted March 14, 2014 Report Share Posted March 14, 2014 NIce article. Any honest person that uses that trick will have no finger to point at others if they get caught and lose everything. Sometimes ya win some, sometimes ya lose some. Way too many other ways to take your money out of China. tsap seui Link to comment Share on other sites More sharing options...
Randy W Posted March 15, 2014 Report Share Posted March 15, 2014 Union Pay is also accepted in the U.S. under an agreement with Discover, but I have no idea what cash transfer limitations there are. Tsap's warning is probably the best response to your post. There is no need for any of our members to take that route. Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now