1. Regulators and financial institutions have certain regulatory requirements for foreign exchange transactions. Debit card transfer may involve foreign exchange transactions and need to meet relevant regulatory requirements. These regulations generally require traders to provide necessary identification and proof of the source of funds to ensure the legality of transactions and prevent illegal activities such as money laundering. Therefore, in order to meet the regulatory requirements, financial institutions usually require that foreign exchange funds be transferred to personal specific foreign exchange accounts first, and then the cardholders will handle them themselves.
2. International transfers usually need to be handled by multiple banks and payment systems, involving different currencies and exchange rates. In order to ensure the smooth transfer, financial institutions usually require the transferor to provide more information and documents for transaction verification and processing. Transferring funds to debit cards may increase the complexity and risk of processing, so financial institutions are more inclined to transfer funds to specific accounts in order to better manage and track the flow of funds.