Immediate relatives. Individual customers can entrust their immediate family members to handle the purchase and settlement of foreign exchange within the annual total, and they need to provide the valid identity documents of the client and the trustee, the power of attorney of the client and the certificate of immediate family members respectively; The settlement and sale of foreign exchange and the purchase of foreign exchange by overseas individuals exceeding the annual total amount may be entrusted to others, and valid identity documents of both parties, power of attorney of the client and relevant certification materials specifying the transaction amount shall be provided.

First, the difference between foreign exchange settlement and foreign exchange purchase

1, foreign exchange is foreign exchange, usually understood as foreign currency. In fact, the content of foreign exchange is greater than that of foreign currency.

Buying foreign exchange means buying foreign exchange. If you have dollars, use your dollars to buy euros. This process belongs to buying foreign exchange.

3. Settlement of foreign exchange is to convert foreign exchange into RMB, that is, you or your company sell foreign exchange to banks;

Buying foreign exchange means converting RMB into foreign exchange, that is, you or your company buy foreign exchange from the bank.

Second, the process of purchasing foreign exchange by individuals

1, the teller reviews the identity documents and other related information;

2. The teller inquires and registers the foreign exchange quota;

3. The customer confirms the quotation and pays RMB;

4. The customer signs the voucher to confirm the transaction.

Legal basis: Article 2 of the Detailed Rules for the Implementation of the Measures for the Administration of Personal Foreign Exchange implements annual gross management of individual foreign exchange settlement and domestic individual foreign exchange purchase. The annual total is equivalent to 50,000 dollars per person per year.