The China Bank of Construction has introduced a product called “Strategic Approach”, the main purpose of which is to help clients to be more flexible in their consumption and repayment management. A lot of people are concerned that this product can be used to withdraw cash directly

Is it possible to cash a bank loan

First, from a legal point of view, the legitimate use of bank cards includes consumption, transfers and withdrawals, which may not be used for any illegal activity. Although a financial service product, BCF does not have the same direct off-the-shelf function as a regular bank card。

Again, from the point of view of product design, the network of officials that build the bank in instalments makes it clear that the product can only be used for a phased consumption. In other words, the user can spread the amount of one-time consumption over future repayment periods without supporting direct cash withdrawals。

With regard to client demand, some may wish to withdraw cash through construction instalments in the event of an emergency or the purchase of large commodities. However, the product does not support this function. In response to these needs, customers may choose other legal ways, such as using debit cards or credit cards。

With regard to the use of the build-up swipe card consumption, the customer needs to enter a password to complete the transaction. This is important not only for the successful processing and activation of the cards, but also for the setting of trade passwords and signatures. At the time of the transaction, the customer may also make payments through the Silver Union channel. It should be noted that periodic cards can only be consumed for specific agreed purposes, such as the purchase of durable consumer goods, wedding ceremonies, housing and medical care。

In addition, the construction of a branch pass card does not support cash advances. Specifically, pre-authorized transactions such as cash withdrawals, cash transfers and cash instalments are not supported. Similarly, electronic consumption and some specific contracting cannot be processed through the card。

In sum, the construction of the bank is mainly for routine consumption and transfer operations and does not have a direct cash withdrawal function。