1. The payee is a domestic individual holding a national identity card of China.

2. The settlement method is the settlement of trading funds at the exchange rate provided by China UnionPay.

3. Transaction limit: the amount of a single remittance transaction shall not exceed the equivalent of $3,000; The total transaction amount per day shall not exceed the equivalent value of 10000 USD.

4. Comply with the policy requirements of the State Administration of Foreign Exchange on the total annual personal foreign exchange settlement (annual personal foreign exchange settlement quota management and balance of payments declaration).

5. The nature of foreign exchange settlement funds is non-operating foreign exchange funds under current account.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.