Businesses doing foreign trade should have encountered the problem of limited foreign exchange settlement! Everyone's solution is different, but there are some unsafe factors more or less. Is there a convenient and safe way to settle foreign exchange? The answer is definitely yes. This method is safer than third-party settlement and more convenient than external account settlement. You can settle foreign exchange through online banking at home. As one of the four major banks in China, there is no need to worry about the safety of foreign exchange settlement. So what kind of settlement method is this? The following small series will tell you in detail.

The Origin of Unlimited Settlement of Foreign Exchange of Yiwu Self-employed Households;

Speaking of this foreign exchange settlement account, we should start with Yiwu small commodities. We all know that Yiwu small commodities attract buyers from all over the world because of their low prices and wide variety. It is inevitable to receive a large amount of foreign currency. Settlement of foreign exchange has naturally become a headache for many businesses.

As we all know, domestic foreign exchange control is still quite strict. Individuals only have a foreign exchange settlement quota of $50,000 per year, which cannot meet the foreign exchange settlement quota of merchants. In order to promote the development of international trade, of course, the country will not affect the progress of international trade because of foreign exchange settlement, so after various considerations, it finally decided to take Yiwu as a national settlement pilot.

Since 20 14, the accounts of individual industrial and commercial households in Yiwu can receive and settle foreign exchange indefinitely, which has become a very mature foreign exchange settlement model. Merchants who need to settle foreign exchange can settle foreign exchange through online banking by registering Yiwu self-employed license and opening an account in a bank.

Yiwu self-employed account handling process:

1, providing photos of the front and back of the ID card.

2, 3-5 working days to complete the license registration.

3. Make an appointment to open an account with the bank.

I need to go to Yiwu in person, and some areas can witness the opening of an account. )

At present, Yiwu self-employed households are a convenient foreign currency settlement method. Settleable currencies include: US dollar, British pound, Australian dollar, Hong Kong dollar, Korean won, Japanese yen, euro and other common currencies. The handling fee for settlement of foreign exchange is low, 1 10,000 USD, 10 RMB.