U card application process: $COW

Pay processing fee → APP download → Apply for card → KYC authentication review 1 working day → Card mailing → Arrive in 1 week → Activate and use

Card fees:

Deposit U: 2%; Withdrawal: 1.95%;

Transfer to domestic UnionPay card: 1.34%,

Transfer limit: 60,000 per day, 300,000 per year (occupying foreign exchange control quota), can transfer to multiple people with one card!

Annual fee: 100 Hong Kong dollars/year, valid for 4 years, reissue fee upon expiration: 200 Hong Kong dollars, daily withdrawal limit temporarily 15,000/day, transfer limit 60,000 Hong Kong dollars/day

Supports binding to Alipay; WeChat, can transfer directly to Alipay

Card application requirements:

Only need an ID card and mobile phone number to apply; no passport required.