China Industrial and Commercial Bank's foreign exchange service channels:

1. Individuals can purchase foreign exchange through designated outlets of ICBC.

2. "Small foreign exchange purchase" can be handled through ICBC online banking and mobile banking, and the maximum annual foreign exchange purchase amount is equivalent to $50,000.

Operation guide:

If the accumulated amount of foreign exchange purchased by domestic individuals in the current year does not exceed the equivalent of US$ 50,000, they can show their valid identity documents and fill in the application for foreign exchange purchase, and then convert RMB into foreign exchange.

Characteristics and advantages of ICBC's foreign currency exchange;

1. Simple procedure: If the total amount of foreign exchange purchased by domestic individuals is equivalent to 50,000 US dollars or less, they can go to the bank with their valid identity documents.

2. Convenient handling: ICBC's online banking, mobile banking and thousands of business outlets all over the country can provide you with foreign exchange purchase services.

3. There are many ways to settle foreign exchange: according to the regulations of the foreign exchange bureau, it can be withdrawn and transferred.

Extended data

At present, the convertible currencies of banks are: British pound, Hong Kong dollar, US dollar, Swiss franc, Singapore dollar, Swedish krona, Norwegian krona, Japanese yen, Danish krona, Canadian dollar, Australian dollar, euro, Philippine peso, Thai baht, Korean won, Macao pataca and new Taiwan dollar.

Procedures for purchasing foreign currency:

If the freely convertible currencies held by Hong Kong, Macao, Taiwan, overseas Chinese and foreigners need to be converted into RMB, they can go to the bank business department to exchange them with their valid identity documents;

Procedures for selling foreign currency

Hong Kong, Macao, Taiwan, overseas Chinese and foreigners who hold unused RMB and want to exchange foreign currency may be allowed to exchange foreign currency in one lump sum on the basis of a foreign currency memo valid for 6 months from the date of issuance;

Procedures for selling foreign currency

Hong Kong, Macao, Taiwan, overseas Chinese and foreigners can exchange one foreign currency into another;

Personal foreign exchange purchase business

business object

China natural persons in People's Republic of China (PRC) and China natural persons with China passports who have not obtained permanent residency abroad.

scope of business

1. Purchase of foreign exchange with actual exit behavior: individual residents travel abroad, make pilgrimage, visit relatives and friends, go abroad for medical treatment, study abroad at their own expense, study abroad, conduct business trips, go abroad for training, obtain employment, settle abroad, conduct international exchanges, and send labor services abroad.

2. Purchase of foreign exchange without actual exit behavior: payment of membership fees of overseas international organizations, overseas mail orders, and assistance from overseas immediate family members.

Reference source: Baidu Encyclopedia: foreign currency exchange