After the foreign currency is taken out, the cash becomes cash, and then it will not enter the cash account.

Cash accounts can be withdrawn, and there will be a handling fee for remittance and transfer.

I. Interpretation of the concept of spot cash

1, cash and cash are caused by China's foreign exchange management system and are two different forms of foreign exchange assets held by Chinese residents.

2. Cash refers to foreign exchange deposits remitted to China from foreign banks, and international settlement documents such as foreign currency bills of exchange, promissory notes and traveler's checks that banks can directly account for through electronic cost-effectiveness ratio.

3. Cash refers to foreign currency notes held by domestic residents, which are tangible foreign currency notes and coins, such as US dollars, Japanese yen, euros, Australian dollars and Canadian dollars.

Cash can also be understood as foreign exchange on the books, which is kept in your bank account. If you can't take it out, it will become cash.

Second, the difference between cash and cash

1, there are differences when transferring abroad.

When transferring money abroad, cash can be remitted directly, and within the policy limits of China's foreign exchange management, it is free to transfer money abroad or enter the country from abroad. There is no physical transfer, you can remit it directly or not, just the transfer on the book. Therefore, it is more convenient to transfer and remit foreign exchange cash.

On the other hand, cash is different. Theoretically, the cash in your account cannot be directly remitted abroad, and the cash in your hand can only be taken abroad with you. Of course, whether it is foreign exchange management or foreign exchange cash management in China, there are certain restrictions and requirements for carrying foreign currency cash with you. If it exceeds this scale, it must be declared.

2. Interest calculation: Under normal circumstances, the cash account is calculated at the prescribed interest rate, and the company cash account does not bear interest.

3. How to transfer foreign exchange cash and cash?

Under the existing management system, foreign exchange can be converted into cash at any time. Only when you withdraw cash will your cash be directly converted into the equivalent cash. It must be noted that many people don't know that there is no difference between withdrawing money and saving money like RMB, but foreign exchange is different. As long as you withdraw money, your foreign exchange cash will become cash, but when you deposit it in the bank again, you can only deposit it as cash.

It is more troublesome to change cash into cash. If an individual's overseas cash can be remitted from abroad to a domestic bank account through bank remittance, what he receives in China is foreign exchange cash. But if it is cash, or money brought back from abroad, and it is in the bank, then it is cash in the bank, not cash.

So cash and cash are not completely interchangeable.

Extended data:

The difference between cash and cash

1. Foreign currency cash can be used as a means of payment for international settlement. Cash refers to foreign currency, including paper money and coins.

2. Income and expenditure of account: the income of cash account is all kinds of cash remitted or transferred, and the income of cash is generally returned foreign currency cash; If the company pays foreign currency cash to its cash account, it needs to be converted into cash; Similarly, if a company withdraws cash from its cash account, it must be calculated by converting cash into cash.

3. Interest calculation: Under normal circumstances, the cash account is calculated at the prescribed interest rate, and the company cash account does not bear interest.

References:

Baidu encyclopedia-cash cash