1. The Notice of the State Administration of Foreign Exchange on Adjusting the Guidance Limits for Domestic Residents to Study Abroad and Purchase Foreign Exchange at Their Own expense came into effect on June 1 2005. Tuition is exchanged according to the annual tuition standard listed in the employment notice or tuition confirmation letter of overseas schools; The guiding limit of foreign exchange supply for living expenses is the equivalent of $20,000 per person per year, that is, if the living expenses are less than $20,000 per person per year (including $20,000), it can be handled directly at the designated foreign exchange bank without foreign exchange approval.
The specific amount of living expenses in foreign exchange is exchanged according to individual requirements, and no proof of living expenses is required. If the amount is more than $20,000, it shall be handled at the designated foreign exchange bank after being approved by the foreign exchange bureau, that is, the foreign exchange shall be approved first, and then the foreign exchange shall be exchanged. The living expenses of students studying in Britain do not need approval.
2. The cash allowed by the customs shall not exceed $5,000 or its equivalent in other foreign currencies.
3. The first exchange of foreign exchange must be handled by the students themselves, and the duration of the exchangeable courses should not exceed one year and three months. If you exceed this time limit, you need to exchange money many times. If students have their own dollars, they can directly convert them into pounds and deposit them in the bank.
4. The documents required by China Bank for students are as follows: valid visa, original and photocopy of admission notice, my household registration book and ID card. Other documents are prepared according to the requirements of the bank.
5. At present, international students can also go through foreign exchange formalities in Beijing (please call China Bank for details).
6. The second exchange of foreign exchange can be handled by family members, and it is necessary to provide the payment receipt of the previous semester or the written confirmation letter issued by the school, the study confirmation issued by the student's school, the admission notice (including fees) for the next semester and the translation of the above materials.
7. Students are strongly advised to call the Bank of China to check my foreign exchange before going to the bank to exchange foreign exchange.