WeChat to charge fees…

Wechat Wallet was free of use oralmost till now… from March 1st 2016, you will still be able to transfer up to 1000 RMB to your bank account free of charge but, above this limit,WeChat will charge a fee of 0.1 percent for transferring money from the WeChat Wallet to personal bank accounts.

The fee is intended to cover bank fees for such transactions. But actually this is a way to encourageWeChat users to use the digital wallet service for online paymentsand offline rather than transferring money from and to their bank accounts.

Reminder: Thesebanks allow you to link your UnionPay Card with a WeChat Wallet (for foreigners):

  • ICBC
  • Bank of China
  • China Construction Bank
  • Agricultural Bank of China (ABC)
  • Bank of Communications
  • China Merchants Bank
  • Industrial Bank (Xingye)
  • Huaxia Bank
  • Chine Everbright bank Bank

1st, if you still don’t have a Wechat Wallet, check our tutorial.

Sources:

http://www.globaltimes.cn/content/968662.shtml

http://www.chinadaily.com.cn/business/tech/2016-02/16/content_23501742.htm

http://www.scmp.com/tech/apps-gaming/article/1913503/tencent-charge-users-china-transferring-money-wechat-wallet-bank