At present, the people's demand for foreign currency is increasing, which makes the foreign exchange business of banks more and more busy. On the one hand, SAFE actively responded to the residents' strong demand for foreign currency, on the other hand, it formulated effective measures to prevent the inflow of hot money. Banks also have corresponding regulations for handling various foreign currency businesses:

Provisions of China Bank on Limits of Foreign Exchange Business

Study abroad policy and immigrants carrying foreign currency

Passengers can carry foreign currency, traveler's checks, credit cards, etc. Into this country in unlimited quantities.

Resident tourists (that is, mainland residents) who bring in more than 1000 US dollars (5000 US dollars for non-resident tourists) or the equivalent in other foreign currencies must truthfully declare to the customs; When it is carried out of the country again, the customs will check and release it according to the quantity declared this time. Passengers carrying foreign exchange other than the above out of the country shall be examined and released by the customs on the strength of the Foreign Exchange Carrying Certificate issued by the State Administration of Foreign Exchange.

Passengers carrying RMB into and out of the country are limited to 20 thousand yuan per person at a time.

According to the Regulations on the Administration of Renminbi in People's Republic of China (PRC) and the Measures for the Administration of Currency Entry and Exit in People's Republic of China (PRC) Countries, since 2005, the limit for China citizens and foreigners to bring Renminbi into and out of the country has been adjusted from 6,000 yuan to 20,000 yuan.

Note: According to the regulations of the State on foreign exchange control, those who take the equivalent of more than US$ 5,000 to US$ 65,438+00,000 (including US$ 65,438+00,000) out of the country should apply to the bank for a carrying permit. When leaving the country, the customs shall examine and release it with the "Carrying Certificate" stamped with the bank seal. If multiple carrying certificates are used, and the total amount of the carrying certificates stamped with the bank seal exceeds the equivalent of $65,438+00,000 yuan, the customs will not release them. If the outbound personnel carry more than US$ equivalent 10000, they should apply for the Carrying Certificate from the branch of the State Administration of Foreign Exchange at the place where the deposit is made or where the foreign exchange purchase bank is located, and the customs will examine and release the certificate with the seal of the foreign exchange bureau.

Foreign currency exchange

At present, the State Administration of Foreign Exchange stipulates that domestic residents can only exchange foreign currency with the equivalent of US$ 65,438+RMB 00,000 each time with their valid identity documents. If it exceeds this amount, proof of foreign currency income source is required. For example, foreign currency is overseas employment income, and proof materials such as overseas employment contracts and tax-paid invoices need to be provided.

In addition, in order to effectively manage the foreign exchange system, the safe stipulates that it will be restricted from going to the bank for personal foreign currency exchange because of private travel abroad. If citizens want to exchange foreign currency, they must first join a tour group and exchange it by a travel agency. However, most people like self-help travel and hope to get foreign currency by hitchhiking in travel agencies, but most travel agencies say that they do not consider accepting non-tourist participants as foreign currency exchange agents. This has brought great inconvenience to citizens' self-help outbound travel.

The foreign currency exchange institution authorized by the bank is:

1. At present, foreign currency exchange institutions authorized by banks are limited to units with legal personality.

2. The authorization procedure of foreign currency exchange agencies requires business license, agency code and signing exchange agreement.

3. If there is a demand for agency exchange business and you don't want to go through such complicated procedures, you can negotiate with the unit that already has an agency exchange agreement and apply for sub-management.

The exchange has no handling fee, that is, the exchange itself has no income.

In addition, several major state-owned commercial banks in China now have foreign currency exchange business.

Purchase foreign exchange for private purposes

The purchase of foreign exchange by individual residents must conform to the relevant foreign exchange management policies of the state. Purchase of foreign exchange shall be handled according to the one-day multi-price foreign currency exchange rate of Bank of China. When purchasing foreign exchange by individual residents, they should fill in the Private Purchase Form of Foreign Exchange by Individual Residents of Bank of China, and apply to the bank with their ID cards and copies.

The current policy is this-the total amount of foreign exchange settlement and sale per person per year is equivalent to $50 thousand. Within the limit, you can settle and purchase foreign exchange at will with your personal ID card. If the settlement and sale of foreign exchange exceeds the total amount, you need to provide relevant supporting materials, and you can only settle and sell foreign exchange after filing with SAFE!

In terms of foreign exchange settlement, when it comes to cash exchange, if the equivalent value is less than $5,000 (excluding) on the same day, the foreign exchange will be settled casually with the personal ID card. If it exceeds $5,000, it is necessary to provide the cash withdrawal form of other banks or the customs cash declaration form. The cash settlement in excess of the amount shall be approved by the State Administration of Foreign Exchange.

For remittance abroad in foreign currency, the current regulations are that cash deposits can be remitted with the equivalent of $2,000 each time, and cash deposits can be remitted with the equivalent of $65,438+00,000 yuan each time. If it exceeds the above amount, it is necessary to provide proof materials stipulated by the state.

What is the difference between foreign currency exchange and private settlement and sale of foreign exchange?

Foreign currency exchange: refers to the exchange between RMB and foreign currency and non-trade items handled by banks and foreign currency exchange branches established by banks, natural persons and institutions in China. "Foreign currency" in this business includes foreign currency cash, cash deposits, foreign currency checks, foreign currency credit cards, traveler's checks, travel documents, etc.

Settlement of foreign exchange: the owner of foreign exchange income sells foreign exchange to the designated foreign exchange bank, and the designated foreign exchange bank pays the equivalent RMB according to the RMB exchange rate on the transaction date.

Sale of foreign exchange: designated foreign exchange banks sell foreign exchange to foreign exchange users and charge the equivalent RMB at the RMB exchange rate on the transaction day.

Private settlement and sale of foreign exchange: obviously for individuals, it is the above-mentioned business handled by banks for individuals.