The American East West Bank, which mainly serves the Chinese Americans, announced on July 12 that they would open the China Union Pay card business on all ATMs from that very day, so as to provide convenience to more and more Chinese travelers for their business trips or sightseeing tours in America.
Holders of China Union Pay cards could withdraw the deposit on their bank account of China at any of the 130 ATMs of East West Bank and its branch – Desert Community Bank located in United States, without having to pay any commission charge. In addition, they also enjoy the convenience to withdraw U.S. dollars at any time. That is quite safe and efficient and will avoid the inconveniences of carrying out large cash or exchanging currency.
According to Wang Guolan, the vice president of East West Bank, Chinese visitors at America, no matter for business trip or sightseeing tour, all need cash or exchange foreign currency exchange services; and most of them are holders of China Union Pay cards. Now they can directly withdraw the U.S. dollars from the ATMs of East West Bank in America by using their China Union Pay cards. Greatly improve customers’ convenience in the United States was just the aim of East West Bank, he added.
China Union Pay card is issued and managed by China Union Pay Co., Ltd in accordance with the relevant business rules and technical standards. It was reported that there were over 360,000 ATMs opened the CUP card acceptance business in the Unites Stated in May 2009, occupied almost 90% of the total ATMs in the USA.
The East West Bank is a traded company on NASDAQ, with the total assets of more than 20 billion, which has branched at major cities of China, such as Beijing, Shanghai, Guangzhou, Shenzhen, Hong Kong (http://www.chinatouronline.com/
