According to the Measures for the Administration of Personal Foreign Exchange, the annual total amount of foreign exchange settlement and purchase by individuals in China is managed. The annual total amount is equivalent to 50,000 US dollars per person per year, and the validity period of the quota is from 1 to 1 per year.
If domestic individuals hold foreign currency cash to settle foreign exchange, and the total amount of foreign exchange settlement in advance does not exceed the annual quota, and the accumulated equivalent value of that day is less than 5,000 US dollars (inclusive), customers will go to the counter of Ping An Bank to settle foreign exchange with foreign currency cash and valid identity documents.
Reply time: 202 1- 12-28. Please refer to the latest business changes announced by Ping An Bank in official website.