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How to open a foreign exchange account
Taking China Merchants Bank Card as an example, foreign currency accounts are divided into cash and cash accounts.

Foreign currency cash account: bring foreign currency cash, one-card card and my valid ID card to the counter of China Merchants Bank to deposit cash and open an account (the currency of foreign currency cash business is subject to the actual situation of each branch).

Foreign currency cash account: when foreign currency is successfully remitted into the card, the system will automatically open a "cash account" in the corresponding currency.

Domestic individuals can purchase foreign exchange through self-service channels, and the corresponding foreign currency account will be automatically opened if the foreign exchange purchase is successful.