When an individual handles remittance business, a single $50,000 can be handled directly in the bank with proof of identity, and more than 50,000 need proof.

However, both domestic and overseas individuals are bound by the Detailed Rules for the Implementation of the Measures for the Administration of Personal Foreign Exchange. The annual limit of individual foreign exchange settlement and sale is only 50,000 US dollars. Overseas individuals who exceed the limit are required to provide proof of the source of foreign exchange purchase funds and materials for the use of foreign exchange purchase funds. Please consult your bank and local safe for details.