First of all, through the designated outlets of ICBC, you can personally handle personal foreign exchange purchase business to meet various needs of actual or non-actual exit, such as tourism, study abroad, business and so on. The maximum annual foreign exchange purchase amount is equivalent to 50,000 dollars. You only need to bring your valid ID and fill out the application form for purchasing foreign exchange.
ICBC's online banking and mobile banking also support small purchases of foreign exchange, which is simple to operate and does not require complicated procedures for large purchases of foreign exchange. Transactions in which domestic individuals purchase foreign exchange below $50,000 a year can be easily completed with only identity documents.
In terms of foreign currency exchange, the advantage of ICBC lies in its convenient handling method, which meets your needs through thousands of business outlets or online services all over the country. Convertible foreign exchange supports various settlement methods such as withdrawal and deposit to meet different needs.
It is worth noting that at present, convertible currencies include 17 kinds such as British pound and Hong Kong dollar. Whether buying or selling foreign currency, you need to provide relevant certificates and follow relevant regulations. For Hong Kong, Macao, Taiwan, overseas Chinese and foreigners, the exchange conditions may be different, but ICBC provides corresponding services.
In a word, China Industrial and Commercial Bank provides one-stop foreign currency exchange solutions for individuals and specific users. No matter what your purpose is, you can successfully complete foreign currency transactions in its flexible and efficient system.