Pay attention to the exchange rate in advance and then make an appointment by phone. After the appointment is successful, you need to bring your ID card to the counter to fill out the application for foreign exchange purchase and hand it over to the counter staff for handling. Finally, the counter staff will let the user choose the way to exchange foreign currency, and you will be successful if you choose the exchange method.

Buying cash is to change local currency cash into foreign currency cash, and the handling fee is slightly higher than buying foreign exchange, which can be reflected in the daily foreign exchange selling price (the price that banks sell to customers) and the cash selling price issued by China Bank.

In China, our functional currency is RMB. When we need to pay foreign currency after a foreign currency transaction, it is called buying foreign exchange and paying in foreign currency.

Buying foreign exchange is a transfer transaction, which is to exchange the local currency in the account for foreign currency, which is equivalent to foreign exchange trading. The converted foreign currency is still in the account or bank card, and no cash has been withdrawn. However, after 20 14, China opened the policy of foreign currency exchange, and individuals and institutions that need to purchase foreign exchange can buy foreign currency through regular foreign currency exchange companies and get cash. Therefore, purchasing foreign exchange is no longer a simple banking business.

Application conditions:

Domestic residents who travel abroad, visit relatives, study abroad, seek medical treatment, study abroad, train, work and settle down can apply to the bank for foreign exchange purchase. According to the latest policy, each person has an annual quota of US$ 50,000, and can purchase foreign exchange at one time or by stages within the annual quota.

Citizens only need to verbally declare the purpose of purchasing foreign exchange, and they can directly handle it with their real identification. If it is necessary to purchase foreign exchange in excess, it is necessary to provide relevant authenticity certification materials for the excess part, and the total amount of foreign exchange purchased shall not exceed the amount marked on the certification materials.

Handling location:

Most commercial banks can provide private foreign exchange purchase service, but not all outlets of every bank can handle it. Citizens can consult through the customer service hotlines of various banks. What needs special reminder is that citizens should not exchange money in the hands of "yellow cattle". On the one hand, black market exchange is illegal, on the other hand, private exchange is often converted into counterfeit money, and security is not guaranteed.

The foreign exchange currencies that banks can buy are different. For ICBC Shanghai Branch, some banks also provide Thai baht, Philippine peso, Swedish krona, Danish krona and Norwegian krona.