What is MoneyExpress? MoneyExpress Review, Features

MoneyExpress is a convenient cross-border remittance service provided by UnionPay.

About MoneyExpress

• MoneyExpress is currently available in more than 57 countries and regions including the United States, Japan, Singapore, Australia, the United Kingdom, Russia, Canada, South Korea, the United Arab Emirates and Hong Kong.
• The partner institutions include 18 local banks such as the Imperial Bank of Canada, Woori Bank of Korea, Bank of China (Hong Kong), HSBC Singapore and Standard Bank of Russia, as well as 20 mainstream remittance institutions such as MoneyGram, Wise and PaySend. Through the offline outlets, official websites and mobile APPs provided by these institutions, overseas remitters can easily make cross-border remittances to UnionPay cards of 45 national and local banks in China, including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, Bank of Communications, Everbright Bank, Hua Xia Bank and Dalian Bank. Cardholders in China can directly receive payments in RMB and can consume and withdraw cash without paying for foreign exchange.
• Different from the traditional cross-border wire transfer through banks, Global Express pre-locks the exchange rate when remitting money, and the remittance amount is directly credited to the UnionPay card account in RMB. The recipient does not need to pay and can use it directly, nor does he need to pay a handling fee to the bank. The arrival time is real-time, generally not exceeding 12 hours.

MoneyExpress service content

1. High-end secretarial services

When you have a UnionPay card, no matter where you are, you can enjoy a full range of exclusive benefits, including overseas travel assistance, medical assistance, VIP medical and health services, high-end travel insurance, 24-hour concierge services, etc. These benefits are the unique features of UnionPay cards.

UnionPay cards provide you with brand new exclusive benefits. We tailor-make plans for you to meet your overseas travel needs.

2. Emergency assistance service

If a cardholder loses, damages or expires his UnionPay card during travel but still needs to use cash or cards urgently, he can apply for emergency assistance services provided by UnionPay. Cardholders in China and abroad can call the customer service number of their issuing bank or the UnionPay service number in their location to apply for emergency cash assistance up to the equivalent of US$5,000.

3. Cross-border remittance services

MoneyExpress is a convenient cross-border remittance service provided by UnionPay. It has been launched in 45 countries and regions including the United States, Japan, Singapore, Australia, the United Kingdom, Russia and Kyrgyzstan. Partners include local banks such as CIBC and KB and 12 professional remittance agencies such as MoneyGram, XOOM and Transferwise. Through the offline outlets, official websites and mobile APPs provided by these institutions, overseas remitters can easily make cross-border remittances to UnionPay cards of 14 banks in China, including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Bank of Communications, Everbright Bank and Hua Xia Bank. Cardholders in China can receive money directly in RMB and can consume and withdraw cash without paying for foreign exchange.