It is not possible to convert foreign currency cash into cash online banking, but you can bring your ID card and bank card to the ICBC counter to handle the business of converting foreign currency cash into cash.
Since February 2007, personal foreign exchange accounts are no longer divided into cash and cash, and individuals can directly open foreign exchange savings accounts in banks with their valid identity documents. In the future, the foreign exchange bureau will unify the supervision standards for cash and cash in terms of access, remittance and import.
Extended data:
The Central Bank's Measures for the Administration of Personal Foreign Exchange manages personal foreign exchange receipts and payments by distinguishing domestic individuals and overseas individuals according to the transaction subject and distinguishing current account and capital account according to the transaction nature. Carry out the principle of convertibility of foreign exchange receipts and payments in personal current account and conduct necessary management of foreign exchange receipts and payments in capital account.
According to the new "Measures", domestic individuals can make overseas investments that meet the requirements of the state after completing the necessary approval and registration procedures; Domestic individuals can buy and sell overseas stocks, bonds and other financial products through banks, fund companies and other domestic financial institutions with corresponding business qualifications.
Overseas individuals can make direct investment in China according to regulations; Overseas individuals can purchase domestic commercial housing under the principle of actual use; According to China's relevant regulations, overseas individuals can purchase B shares or participate in domestic RMB stock trading through qualified foreign institutional investors (QFII). In addition, an individual's lawful property in China can be transferred or donated to other countries according to regulations.
A spokesman for the central bank also stressed that large foreign exchange deposits of overseas individuals in China are included in the short-term foreign debt balance management of deposit financial institutions. The settlement and sale of foreign exchange under individual capital also applies to the provisions on the management of individual annual total amount: if the total amount is less than, you can go directly to the bank with valid identification;
If the total amount is above, it must comply with the relevant provisions of the state and be approved by the foreign exchange bureau. He said that in the future, with the process of capital account convertibility, individual capital's foreign exchange transactions will be gradually and orderly relaxed.
Baidu encyclopedia-foreign currency cash exchange