First of all, banks in China can exchange the most foreign currencies. British pound, Hong Kong dollar, US dollar, Swiss franc, Singapore dollar, Swedish krona, Danish krona, Norwegian krona, Japanese yen, Canadian dollar, Australian dollar, Euro, Macau pataca, Philippine peso, Thai baht, New Zealand dollar, Korean won, etc.
A large number of exchanges need to be made in advance. Because you need to bring an ID card to exchange foreign currency, each ID card can handle up to 50,000 US dollars, or other foreign currencies equivalent to 50,000 US dollars. For example, 1.67 pounds can be exchanged for 1.67 dollars, so you can exchange up to 50000 pounds/1.67 pounds.
If you change more than $50,000, you need to apply to the bank. You can also apply for another $50,000 with your family ID card.
Currency with low liquidity also needs to make an appointment in advance.
There is no handling fee for each bank to exchange foreign currency, but it will earn a spread, and the spread of China Bank is the lowest.
Second, ICBC, China Construction Bank and Agricultural Bank can do it, but there are not as many convertible currencies as Bank of China.
In other words, the four major banks can handle foreign currency exchange business at present.
Third, China Merchants Bank and Bank of Communications can also handle it.
If the credit cards of China Merchants Bank and Bank of Communications have a limit of RMB 30,000, there will be equivalent US dollars to be withdrawn, that is, US$ 30,000 /6. 12 = 4902.