During the period of overseas travel and study, individuals use UnionPay cards and visa cards to spend money, which does not occupy the personal annual foreign exchange settlement and sale quota. If you use UnionPay card to swipe your card, all the expenses of the cardholder are denominated in RMB. After receiving the RMB bill, the bank will directly deduct RMB funds from the account, or the cardholder will return the corresponding amount of RMB at maturity.
If you use a visa card, all the expenses of the cardholder will be denominated in foreign currency, and you will receive a bill in foreign currency. The bank will directly deduct foreign currency funds from the account, or the cardholder will purchase foreign exchange and deposit it in the account for repayment at maturity. The cardholder's repayment for purchasing foreign exchange in consumption abroad is not included in the personal foreign exchange quota management.
Extended data:
Domestic units that obtain the following foreign exchange income must settle foreign exchange and cannot keep foreign exchange.
Current account settlement
1. For the foreign exchange income of domestic institutions with the equivalent value of less than 50,000 USD (including 50,000 USD), the bank can settle or enter it into the account first, and indicate the corresponding verification document number in the special seal for verification of export proceeds in the settlement memo or collection notice.
2. The foreign exchange income of domestic institutions with an equivalent value of more than 50,000 US dollars shall be settled or accounted for according to the following provisions, and the corresponding verification slip number shall be indicated on the settlement memo or collection notice.
(1) For the trade export proceeds settled by documentary letter of credit, letter of guarantee or documentary collection, the bank shall settle the foreign exchange or enter it into the account based on the valid commercial documents specified in the above settlement method and the verification document number of export proceeds provided by the export unit corresponding to the export business.
(2) For the trade export receipts that are recognized by the foreign exchange bureau as "trustworthy enterprises for settlement of foreign exchange" and the amount of foreign exchange settlement by remittance is more than US$ 50,000, the bank may first settle the foreign exchange or account for it, and then check the original verification form of export receipts stamped with the customs seal provided by the foreign exchange receiving unit.
The bank shall, within 3 working days from the date of settlement or entry, notify the foreign exchange receiving unit to go through the relevant verification procedures at the bank. The foreign exchange receiving unit shall, within 30 working days from the date of settlement or entry, go to the bank to handle the relevant verification procedures with the foreign exchange receipt certificate and the original export verification form stamped with the customs seal.
(3) The foreign exchange collected by non-"trustworthy enterprises for settlement of foreign exchange" in the form of remittance with the equivalent value of more than 50,000 US dollars shall be settled or accounted for by the original verification form of export proceeds stamped with the customs "inspection stamp".
Baidu encyclopedia-purchasing foreign exchange
Baidu Encyclopedia-Settlement Amount