From the perspective of foreign policy, the foreign currency of our country can't be transferred at will like the RMB in China. If we remit our RMB from one account to another, no matter whether the payee is his own name or not, it will almost be transferred casually, but the amount is controlled by mobile banking or online banking, which is also to prevent risks and fear that the account will be transferred incorrectly.
When transferring foreign currency in China, if it is a personal account, you can only transfer it to yourself or your immediate family members. If you want to transfer it to someone else, Zhang San will transfer it to Li Si, which will not work. If a company converts foreign currency in China, there are only a few uses, which is very simple. One is the transfer of the same name, and the other is the limited use. Easy to identify, others can't be turned. It doesn't mean you can spend dollars at will.
Let's look at cross-border transfer again. If it is a cross-border transfer, the amount and purpose of personal remittance should be clearly stated. For example, there is an annual limit of $50,000 for individuals to purchase and remit foreign exchange; If the funds in my savings account are remitted, it shall not exceed the equivalent of $50,000 per day; When remitting money, if the amount is large, you need to provide real materials to the bank. That is, what are the remitted funds for? Only when the bank believes that the submitted information is reliable and the transaction background is true can it be remitted abroad.
The purpose of remittance should also conform to the current foreign exchange management policy. For example, personal remittance, the payee is a foreign company, and the bank should check whether it meets the requirements. If it is remitted to the school, it is the cost of children's schooling, that is fine.