According to the regulations of the State Administration of Foreign Exchange, the foreign exchange savings accounts of domestic residents shall not be used for enterprise settlement in principle. Remittances from overseas companies to domestic individuals cannot be recorded in the following cases in principle:
1. The other party is a securities company or an investment company;
2. Remittance postscript can be regarded as trade payment;
3. The payee declares that the money belongs to capital or trade payment;
4. Other funds that the local foreign capital management department thinks cannot be accounted for.
If the money does not belong to foreign exchange for trade and investment, it can generally be recorded, but the bank will also review the authenticity and legality of the money.
Extended data:
Foreign company accounts can remit money to personal accounts of banks in China, and cross-border remittance needs to bring the following information to the bank counter:
1. Detailed and accurate payer's name (English) and bank account number are required.
2. It is necessary to provide detailed and accurate payee name, name and address of the bank, bank SWIFT code (available from the bank) and payee account number (in English).
3. Need to provide the payer's passport, income certificate, etc.
Baidu Encyclopedia-Personal Foreign Exchange Management Measures