There are no more requirements for foreign exchange management policies, but the declaration procedures are implemented in accordance with the provisions of the State Administration of Foreign Exchange on the declaration of international payments (the declaration of international payments is exempted under the private foreign-related income and expenditure limit of less than US$ 5,000 (including US$ 5,000), and remittances exceeding the international income and expenditure declaration limit (US$ 5,000) are handled in accordance with the relevant reporting statistics regulations of the local Administration of Foreign Exchange).

Related information:

Generally speaking, the cost of telegraphic transfer is divided into two parts, one is related to the amount of telegraphic transfer, that is, the handling fee of 1‰, and the other is not related to the amount of remittance, but related to the number of transactions, that is, a telecommunication fee is charged for each remittance. There is a big difference in fees charged by different banks, so customers can make a good comparison when choosing remittance banks.

It should be noted that remittance is deducted by the intermediary bank, and it is impossible to predict the amount of deduction during the remittance process, which may lead to insufficient payment of tuition fees or study abroad deposit remittance, which may affect visa application or registration.

So try to remit as much as possible. Because there is generally the highest remittance fee, the more remittances each time, the more cost-effective. Therefore, if you have the conditions, it is recommended to remit more money at one time, not too many times, otherwise you need to pay a lot of procedures.