Personal purchase of foreign exchange refers to the business that China Bank provides to individual customers to convert RMB into foreign currency according to the real-time quotation provided by the bank.

In China, our functional currency is RMB. When we need to pay foreign currency after a foreign currency transaction, we use RMB to buy foreign currency and change it into foreign currency for payment. This is automatic purchase of foreign exchange by credit card, which is called purchase of foreign exchange. Buying foreign exchange is a transfer transaction, that is, using the local currency in the account to exchange foreign currency, which is equivalent to foreign exchange trading. The converted foreign currency is still in the account or bank card, and no cash has been withdrawn.

The settlement and purchase of foreign exchange under personal current account, if the annual total amount is less than, shall be handled by my valid identity certificate; If it exceeds the annual total amount, it shall be handled with my valid identity certificate and relevant certification materials of the transaction amount. Purchase of foreign exchange under personal current account, with an annual accumulative total of 50,000 USD;