Those who have a savings card of China Merchants Bank can purchase foreign exchange from domestic individuals through China Merchants Bank, and the single or current cumulative equivalent is less than or equal to $20,000. You can try to do it through mobile banking, log in to mobile banking and select "Home → All → Cross-border Finance → Purchase of Foreign Exchange → Purchase of Foreign Exchange Entrustment". It is recommended to go to the counter to confirm whether it can be done, and there is no handling fee for purchasing foreign exchange.
Tips:
1. Only when the valid account opening certificate is an ID card (excluding temporary id card) can it be handled through mobile banking.
2. The amount of foreign exchange settlement and sale per person per year is equivalent to USD 50,000 (inclusive).
If you want to withdraw the converted foreign currency, it is recommended to choose cash when purchasing foreign exchange. In addition, you need to confirm with the outlets whether withdrawal in this currency is supported before purchasing foreign exchange. If you want to transfer the converted foreign currency, it is recommended to choose cash when purchasing foreign exchange.
Operate a foreign exchange firm, log in to mobile banking, select "My → All → Cross-border Finance → Foreign Exchange Trading → Market Information", and select the corresponding currency pair to operate the foreign exchange firm. Personal firm foreign exchange trading function, there is no handling fee for opening transactions, and buying and selling will involve spreads.
The trading hours of China Merchants Bank's personal foreign exchange transactions are from 8:00 Monday to 5:00 Saturday, Beijing time.
Tips:
In case of legal holidays and major international financial market holidays, the system will be closed; In case of communication line failure or other force majeure factors, China Merchants Bank may suspend the transaction.