Posting operation:/kloc-remittances below 0/10,000 USD are posted and declared at settlement; /kloc-Notice of USD 0/0,000 or more shall be recorded after declaration. Settlement of foreign exchange: independent settlement of foreign exchange with an annual accumulated amount less than 50,000 US dollars (equivalent foreign exchange); The settlement of foreign exchange will be stopped above 50 thousand US dollars, but foreign currency cash can still be used, and the daily quota is limited.
To sum up, there is no limit on the amount of foreign exchange remitted, but there are restrictions on the settlement of foreign exchange. Remittances reaching a certain amount are included in the anti-money laundering monitoring.
Extended data
Cross border remittance
Wire transfer has many currencies, is safe, fast and universal, and can be directly remitted to the payee's account, but the cost is relatively high, which is more suitable for customers who already know the payee's name, account number and bank information and have high requirements on the time and security of remittance arrival.
Generally speaking, the cost of telegraphic transfer is divided into two parts, one is related to the amount of telegraphic transfer, that is, the handling fee of 1‰, and the other is not related to the amount of remittance, but related to the number of transactions, that is, a telecommunication fee is charged for each remittance. There is a big difference in fees charged by different banks, so customers can make a good comparison when choosing remittance banks. It should be noted that remittance is deducted by the intermediary bank, and it is impossible to predict the amount of deduction during the remittance process, which may lead to insufficient payment of tuition fees or study abroad deposit remittance, which may affect visa application or registration.
So try to remit as much as possible. Because there is generally the highest remittance fee, the more remittances each time, the more cost-effective. Therefore, if you have the conditions, it is recommended to remit more money at one time, not too many times, otherwise you need to pay a lot of procedures.
References:
Detailed Rules for the Implementation of the Measures for the Administration of Bank Settlement and Sale of Foreign Exchange-State Administration of Foreign Exchange