1. service function
▼ Private foreign exchange purchase business outlets are all over the country.
▼ 17 currency is available for you to choose (the specific currency is subject to the information provided by China Bank's business outlets).
▼ After purchasing foreign exchange, you can directly handle overseas remittance (including wire transfer and bank draft), traveler's checks and bank cards.
▼ There is no restriction on the place to purchase foreign exchange.
2. Processing rules
▼ Bank of China handles the purchase of foreign exchange by domestic residents according to the national foreign exchange management policies and the real-time exchange rate announced by Bank of China.
▼ Domestic residents' individual purchases of foreign exchange are subject to annual total management, and the annual total is equivalent to $50,000 per person per year.
▼ If you purchase foreign exchange within the total annual amount, you can purchase foreign exchange with your real identity certificate and declare the use to the bank.
▼ If the total amount of foreign exchange purchased exceeds the annual quota, the bank can purchase foreign exchange after reviewing your real demand certificate according to the foreign exchange management regulations.
3. Purchase of foreign exchange within the total annual amount
1. Buy foreign exchange
Overseas study fee, living expenses, overseas travel, business trip, visiting relatives, overseas medical treatment, pilgrimage, overseas training, employment, international exchange, overseas settlement, overseas labor service, overseas mail order fee, payment of international organization dues, overseas immediate family assistance, overseas consultation and other related expenses.
2. Review materials
(1) my true identity certificate, including: my ID card (China citizen), household registration book (China citizen under 16 years old), military ID card (China People's Liberation Army), Armed Police ID card (Chinese People's Armed Police Force), Hong Kong and Macao residents' mainland travel permit (Hong Kong and Macao residents), mainland travel permit for taiwan residents (Taiwan Province residents), passport (foreign).
(2) If it is handled by an immediate family member, the power of attorney of the client, the true identity certificate of the agent and the proof of kinship shall also be provided.
3. Foreign exchange purchase quota
The total amount of foreign exchange purchased by individuals each year is equivalent to 50,000 dollars per person per year.
4. Preventive measures
(1) The annual total amount shall not be used across the Gregorian calendar year, and the unused or unused items in the previous year shall not be carried forward to the next year.
(2) Foreign exchange purchased by domestic residents can be deposited in their domestic foreign exchange accounts, remitted abroad, and taken out of the country with bills of exchange, traveler's checks, credit cards, etc. Individuals who withdraw foreign currency cash on the same day with a cumulative equivalent of less than $654.38 million (inclusive) can handle it directly at the bank; If it exceeds the above amount, it shall be reported to the local foreign exchange bureau with my identity certificate and materials for withdrawal. Banks handle withdrawal business for individuals with relevant certificates issued by the foreign exchange bureau.
(3) Foreign exchange purchased by domestic residents may be deposited in their foreign exchange accounts, or foreign currency cash may be withdrawn and taken out of the country.
(4) Individual domestic residents' purchase of foreign exchange is not restricted by their domicile.
(5) The true identity certificate refers to the documents issued by the relevant administrative departments of People's Republic of China (PRC) and China, which can show the true identity of domestic residents within the validity period, including identity cards, passports and permanent residence permits.
(6) If the personal identity card number of a domestic resident is duplicate, a confirmation certificate issued by the local public security organ shall be provided before the bank can go through the formalities of purchasing foreign exchange for it.
◆ Purchase foreign exchange in excess of the annual total.
Tuition and living expenses for studying abroad at one's own expense
1, required materials:
(1) My private passport and valid visa (or endorsement);
(2) Admission notice of overseas schools (tuition or living expenses are not required after the second academic year or semester);
(3) Proof of tuition or living expenses of overseas schools in the corresponding year or semester.
◆ Self-funded savings for studying and living abroad.
1, required materials:
(1) Personal passport;
(2) Admission notice of overseas schools (tuition or living expenses are not required after the second academic year or semester);
(3) Proof of tuition or living expenses of overseas schools.
2. Relevant regulations:
(1) In the case that students studying abroad at their own expense can only obtain a real entry visa after remittance from a domestic bank or payment of a visa deposit, they can go through the formalities of purchasing foreign exchange for tuition and living expenses for studying abroad at their own expense by paying a foreign exchange deposit;
(2) The amount of foreign exchange purchase deposit paid by domestic residents to the bank is 2,000 yuan each;
(3) If domestic residents cannot provide the original admission notice and tuition certificate of overseas schools, they can provide fax or online download.
◆ Overseas medical treatment
Materials required:
(1) My private passport and valid visa (or endorsement);
(2) The certificate issued by the domestic hospital is accompanied by the doctor's opinion and the expense certificate issued by the overseas hospital. If you can't provide the original proof of expenses issued by overseas hospitals, you can provide a fax for processing.
◆ Overseas training
Materials required:
(1) My private passport and valid visa (or endorsement);
(2) Proof of overseas training expenses. If you can't provide the original proof of expenses, you can provide a fax.
(3) The bank shall directly handle it after reviewing other supporting materials.
◆ Pay the membership fees of overseas international organizations.
Materials required:
(1) my true identity certificate;
(2) Payment notice from overseas international organizations. If you can't provide the original, you can provide a fax.
◆ Overseas immediate family assistance
Materials required:
(1) my true identity certificate;
(2) Handling the kinship certificate issued by the relevant department or notary office, and relevant certification materials or faxes related to assistance.
(3) Immediate family members refer to the spouses, parents and children of domestic residents themselves.
◆ Overseas mail order
Materials required:
(1) my true identity certificate;
(2) Vouchers, faxes and online downloads for advertisements or orders.
◆ Overseas consultation
Materials required:
(1) written application;
(2) my true identity certificate;
(3) Contract (agreement), invoice (payment notice) and tax voucher. Review in accordance with the relevant provisions of individual sales and payment of foreign exchange in service trade.
◆ Matters needing attention in purchasing foreign exchange beyond the annual total.
1. Domestic residents should first purchase foreign exchange within the annual total. For the part exceeding the annual total, relevant certification materials of the transaction amount shall be provided.
2. If domestic residents purchase foreign exchange, they must also provide the power of attorney of the client and the true identity certificate of the agent.
3. If students studying abroad at their own expense cannot obtain a real visa after paying the deposit for purchasing foreign exchange, they shall remit the purchased foreign exchange from abroad and settle the foreign exchange, and the bank will refund the paid deposit for purchasing foreign exchange after checking the corresponding settlement memo.
Note: In case of any adjustment, the latest announcement of the State Administration of Foreign Exchange shall prevail.