Domestic transfer of personal foreign exchange account funds is limited to the following objects: 1. Transfer between personal accounts; 2. Transfer between individuals and close relatives' accounts. There is no restriction on the transfer of domestic individuals in original currency, and any amount can be transferred as needed. No matter how much money is in the account, you can transfer money freely. It should be noted that when transferring money, you must abide by relevant regulations and procedures and provide corresponding supporting documents. Violation of regulations may be punished or restricted.

What is a foreign exchange account?

A foreign exchange account refers to an account opened by an individual or institution in a bank or financial institution for storing and managing foreign currency funds. It can be used for cross-border trade, investment, remittance and other foreign exchange transactions. Personal domestic foreign exchange accounts can be used to store foreign currency funds and make corresponding domestic transfers and overseas payments. Opening a foreign exchange account requires compliance with relevant regulations and procedures, and compliance with foreign exchange management regulations and restrictions.