Notice of the State Administration of Foreign Exchange on Standardizing Large Cash Withdrawals from Overseas Bank Cards
Branches and foreign exchange administrations of the State Administration of Foreign Exchange in all provinces, autonomous regions and municipalities directly under the Central Government, and branches in Shenzhen, Dalian, Qingdao, Xiamen and Ningbo; National Chinese banks; China UnionPay Co., Ltd.:
In order to strengthen the anti-money laundering, anti-terrorist financing and anti-tax evasion supervision of cross-border use of bank cards, according to the Regulations of People's Republic of China (PRC) on Foreign Exchange Control (hereinafter referred to as the Regulations) and other laws and regulations, the relevant issues concerning large-scale cash withdrawal of bank cards abroad are hereby notified as follows:
1. When an individual withdraws cash abroad with a domestic bank card, the accumulated amount of the bank card (including supplementary cards) under his name shall not exceed the equivalent of RMB 654.38+10,000 per natural year. Those who exceed the annual quota will be suspended from using domestic bank cards to withdraw cash from overseas in this year and the following year.
Individuals are not allowed to evade or assist in evading overseas cash withdrawal management by borrowing other people's bank cards or lending their own bank cards.
2. The foreign exchange bureau shall send the list of individuals who hold domestic bank cards to withdraw cash overseas to the card-issuing financial institutions through the foreign exchange management system for overseas transactions of bank cards every day, and the card-issuing financial institutions shall suspend the individuals listed in the list from using their bank cards to withdraw cash overseas no later than Beijing time 17 on the same day.
Card-issuing financial institutions shall establish their own business systems and strictly implement the provisions of the preceding paragraph. Involving system transformation, it should be completed by April 1 at the latest.
3. If an individual is included in the list of suspending the withdrawal of cash from abroad with a domestic bank card, he can go to the branch of the foreign exchange bureau to inquire about the details of the withdrawal of cash from abroad with his valid identity certificate; If the inquiry is entrusted to others, the valid identity documents of the principal and the trustee, and the power of attorney of the principal shall be provided.
Four, individuals use domestic bank cards to withdraw cash abroad, and foreign currency cards shall not exceed the equivalent of 1000 USD per card every day and be adjusted to the equivalent of 10000 RMB, which shall be carried out by the issuing financial institution in its own business system; The management and maintenance of RMB cards shall not exceed the equivalent of RMB 65,438+0,000 per card per day, which shall be realized by domestic RMB card clearing institutions in their respective business systems.
5. Card-issuing financial institutions should improve customer management, strengthen policy propaganda, take effective measures to remind cardholders who have overseas cash withdrawal transactions to pay attention to policy changes, guide individuals to reduce the use of large amounts of overseas cash, and properly keep personal information that suspends overseas cash withdrawal of domestic bank cards.
Six, card-issuing financial institutions, domestic RMB card clearing institutions and individuals in violation of the provisions of this notice, according to the relevant provisions of the "Regulations" for punishment.
Seven, this notice shall be implemented as of 20 18+0+0. Item (7) of Article 3 of the Notice of the State Administration of Foreign Exchange on Standardizing the Management of Foreign Currency Cards of Banks (Huifa [2010] No.53) and the Notice of the State Administration of Foreign Exchange on Further Strengthening the Management of Overseas Cash Withdrawals of UnionPay RMB Cards (Huifa [2015] No.40) have been issued since 201.
After receiving this notice, all branches and management departments of the foreign exchange bureau shall promptly forward it to the central branches, city commercial banks, rural commercial banks, wholly foreign-owned banks, Sino-foreign joint venture banks, branches of foreign banks, rural cooperative financial institutions and village banks within their jurisdiction.
I hereby inform you.
Regulations on overseas cash withdrawal