Bank of Communications announced in May, 20 1 1, that customers holding Pacific Debit Cards should not spend more than RMB 500,000 per card in Macau, and the accumulated daily consumption should not exceed RMB 6,543,800+0,000. Many banks, including China Industrial and Commercial Bank, China Construction Bank and China Merchants Bank, limit the amount of debit cards customers can swipe overseas.

In fact, HSBC is the "leading brother" in setting credit card consumption limit. As early as last year, HSBC announced that it would set a "default consumption limit of RMB 50,000 per day" for debit cards issued by it. The accumulated daily consumption of cardholders at home and abroad will not be higher than this limit, which can be modified within the upper limit set by the bank according to customers' applications.

HSBC said in an announcement that all customers should set the daily cumulative consumption limit according to their own consumption needs when applying for the bank's debit card. If the customer does not set it by himself, the default maximum daily cumulative consumption limit of 50,000 yuan will be automatically applied.

For debit cards that have been processed before, the bank has also set a default limit of 50,000 yuan per day, but this limit can be modified within the upper limit stipulated by the bank according to the customer's application. It is said that this move is to further ensure the security of debit cards.

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When banks set debit card consumption limits, almost all said that the move was to ensure the safety of users' card use and safeguard the interests of debit card holders. A banker in Hangzhou said that in recent years, bank card crimes have been on the rise, and various risk problems and criminal activities such as fake card theft, SMS fraud and malicious overdraft have occurred from time to time.

In the absence of a better way, banks can only guard against risks by setting more and more trading limits. The source also said that many criminal gangs colluded at home and abroad, copied the bank card after illegally obtaining the cardholder's card number and password information, and then swiped the card abroad for consumption, or illegally cashed out, causing huge losses to the cardholder. In this process, most cardholders are unaware of it.

People's Network-Debit card is not swiped whenever you want. Some banks have set consumption limits.