If it is necessary to handle personal overseas remittance, upon inquiry, China Bank will handle personal foreign exchange remittance business in strict accordance with the current policies and regulations formulated by the People's Bank of China, the China Banking Regulatory Commission and the State Administration of Foreign Exchange, and operate and manage personal foreign exchange remittance business legally, legally, safely and effectively. At present, there are no more requirements for foreign exchange management policies except for the declaration procedures in accordance with the provisions of the State Administration of Foreign Exchange on the declaration of international payments. The specific provisions of the declaration of international payments are as follows: the declaration of international payments is exempt from the private foreign-related income and expenditure limit equivalent to less than 5,000 US dollars (including 5,000 US dollars), that is, the declaration information (transaction code, transaction postscript, name and code of the country (region) where the payee/payer is located) in the foreign-related receipt and payment voucher can be exempted from single declaration, except for the money received and paid overseas by domestic non-resident individuals through domestic banks. For inward remittance whose remittance amount exceeds the declaration limit of international balance of payments (US$ 5,000), the formalities shall be handled according to the relevant declaration statistics regulations of the local foreign exchange administration, and the telephone notification shall prevail for the outlets (generally the customer account opening outlets). ) will take the initiative to contact customers who need to declare to fill in the declaration form at the outlets. Different customers need to declare different information. If the customer can't provide information and materials that meet the declaration requirements, it may affect the entry into the customs. Please consult the handling outlets for specific reporting requirements. Information required for remittance: bank name, bank address, SWIFT code, payee name (account holder name) and payee account number (account number). ) and the telephone number of the payee. Another thing to remind you is that Beijing needs a postscript.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

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