If the US dollar amount in a domestic personal bank account exceeds US$ 3,000, it cannot be directly recorded, and the payee needs to declare the foreign-related income at the account opening outlet. At present, international remittance can be received within 3 working days at the latest. It's dollars that arrive in the account, and it needs to be exchanged before it can be converted into RMB.

If the debit card has foreign currency deposits, log in to mobile banking and select: More-Settlement-Settlement, and settlement can be made according to the receipt.

Remittances from abroad to your bank account in China will not be automatically converted into adults. You need to remit money to your account and then go to the bank to exchange it. At the Bank of China, you can change foreign currency into RMB.

If you want to change it into cash, you must go to the bank counter to change it. You need to bring your valid identity documents to the counter to fill out the application for settlement of foreign exchange.

If the money is in the card, you can exchange it at the ATM first and then withdraw it directly from the bank counter.

Previously, BOC outlets, smart counters, online banking, mobile banking, Weizhong Bank, e-finance, etc. could support domestic individuals to purchase foreign exchange and settle foreign exchange.

Related precautions:

If you use a domestic bank account to receive overseas remittances, the required information includes: bank name, bank address, SWIFTCODE, payee name (account name), payee account number (account number) and payee telephone number. As there are differences in collection information among branches of BOC, please consult the bank of BOC for details.

Overseas remittance from the collection account is handled by China Bank, as follows:

1. It shall be handled on the day when the payment instruction is received, and payment shall not be delayed;

2. If the remittance currency is the same as the payee's account currency in the payment instruction, it will be recorded directly in the original currency;

3. If the remittance currency is foreign currency and the payee's account currency in the payment instruction is RMB, according to the relevant regulations of the State Administration of Foreign Exchange, the settlement of foreign exchange will be recorded for you at the real-time foreign exchange rate;

4. If the remittance currency is foreign currency, the payee's account currency in the payment instruction is another foreign currency, which will be calculated and recorded for you according to the real-time foreign exchange rate.