RMB Account definition
Examples of RMB Account in a sentence
Payment made in excess of the Statement Balance of the HKD Account will not be applied for settlement of the Statement Balance of the RMB Account, vice versa.
If the Bank accepts payment in currencies other than CNY, such payment may be credited into the RMB Account after conversion into CNY at a rate determined by the Bank in its sole and absolute discretion which may be subject to the payment of a conversion fee (if applicable).
The Cardmember shall settle the sums payable under the HKD Account and the RMB Account separately.
The refund shall be made in HKD for any credit balance of the HKD Account, and in CNY or its equivalent in HKD for any credit balance of the RMB Account calculated based on the exchange rate prevailing at the time as determined solely by the Bank.
Any excess payment in settlement of RMB Account shall be credited to the RMB Account.
If we decide to accept a payment for a HKD Account or RMB Account in another currency, it will not be credited to the Card Account until we have converted the funds into HKD or RMB respectively at our usual rate.
We will not automatically credit the amount of any excess payment that you make towards settling your HKD Account to settle the outstanding balance of your RMB Account, or vice versa.
You agree to make payments for your HKD Account and RMB Account in HKD and RMB respectively.
If the transaction is performed by China UnionPay in Chinese Yuan, your linked RMB Account will be debited.
For Credit Balance in RMB Account, the Bank has his right to refund the credit balance of RMB Account in MOP (converted to MOP at a rate of exchange determined by the Bank) or RMB and in such manner and at such locations in Macau as the Bank may determine.