Account foreign exchange trading business is an account trading product for individual customers. Buy and sell a variety of foreign exchange in RMB by counting shares without withdrawing actual foreign exchange. The foreign exchange share in the account cannot be used to withdraw foreign currency or transfer remittance. At the same time, because the share of foreign exchange purchased through account cannot be used to withdraw foreign currency, account foreign exchange is different from individual settlement and sale of foreign exchange and is not limited by the annual limit of individual purchase of foreign exchange.
At present, the foreign exchange in the ICBC account only provides the transaction of buying first and then selling. When customers expect a foreign exchange price to rise, they can get the spread income by buying first and selling later. With comprehensive reference to the international foreign exchange market price trend, market liquidity and other factors, ICBC continues to provide customers with bank buying and selling quotations of foreign exchange in various accounts.
China Industrial and Commercial Bank foreign exchange trading hours is from 7: 00 every week to 4: 00 on Saturday morning. It has the characteristics of low trading threshold, convenient trading channels and flexible trading methods. Trading funds can be settled in real time and traded many times in one day to maximize the efficiency of funds. At present, the starting amount of a single transaction in each currency of ICBC account foreign exchange business is 10 foreign currency, and the minimum increment unit is 1 foreign currency. Customers can conduct transactions through online banking, mobile banking, telephone banking and other electronic banking channels of China Industrial and Commercial Bank, including real-time transactions and pending orders with a maximum of 65,438+020 hours.