There is no need to charge a separate handling fee for converting foreign exchange or foreign currency into RMB in the bank, because the handling fee charged by the bank is implied in the difference between the buying price and selling price of foreign currency. Banks buy foreign currencies at low prices and sell them at high prices.
The normal time for foreign currency exchange is from 9 am to 5 pm from Monday to Friday. You can save a lot of energy by adjusting the time. Generally, I choose China Bank to exchange foreign currency, because China Bank has this special service, and other banks are not large enough to handle this business. I have been to big banks such as Industrial and Commercial Bank of China and China Construction Bank, and all of them let me exchange money at China Bank directly. When you arrive at China Bank, tell the lobby manager or the counter clerk that you want to change US dollars, and then they will let you hang up your number and provide you with a form to fill out. Just fill it out as required and wait.
Accordingly, if you want to change RMB into US dollars, you only need to bring enough RMB and ID cards, and then exchange them according to the exchange rate of the day.
According to Article 2 of Chapter 1 of the Detailed Rules for the Implementation of the Measures for the Administration of Personal Foreign Exchange implemented by the State Administration of Foreign Exchange on February/KLOC-0, 2007:
Individual foreign exchange settlement and domestic individual foreign exchange purchase are subject to annual total management. The annual total is equivalent to 50,000 dollars per person per year. The settlement and purchase of foreign exchange within the individual's annual total amount shall be handled at the bank with his valid identity certificate; If it exceeds the annual total, it shall be handled in accordance with Articles 10, 11 and 12 of these Rules under the current account, and in accordance with the relevant provisions of "Personal Foreign Exchange Management in Capital Account" of these Rules under the capital account.
There is a limit to the RMB against the US dollar, and each person can exchange 50,000 US dollars every year. There is no limit on the exchange rate between the US dollar and RMB, but you need to bring your ID card. If the individual resident's one-time settlement amount is less than the equivalent of 1 ten thousand dollars (including 1 ten thousand dollars), he must show his true identity certificate. If the amount of one-time settlement of foreign exchange is more than USD 654.38+USD 00,000 but less than USD 50,000 (including USD 50,000), the bank shall, in accordance with the provisions of Article 10 of the Interim Measures for the Administration of Foreign Exchange for Domestic Residents, examine the residents' personal true identity certificates and the proof materials of legitimate foreign exchange sources. If the one-time foreign exchange settlement amount is equivalent to more than 50,000 US dollars, individual residents shall apply to the local foreign exchange administration with the above materials, and after the authenticity is verified by the local foreign exchange administration, they shall go to the bank with the approval of the local foreign exchange administration.