On February 30, 20 17, the State Administration of Foreign Exchange issued the Notice on Standardizing Large Cash Withdrawals from Bank Cards Abroad, and the new regulations came into effect on June 30, 20 18. The new regulations of foreign exchange bureau for overseas cash withdrawal: First, individuals take cash out overseas with domestic bank cards, and the accumulated cash withdrawal amount of all bank cards under their personal names shall not exceed the equivalent of RMB 654.38+10,000 yuan in each natural year. Second: the daily quota for overseas cash withdrawal of domestic bank cards is unified as foreign exchange equivalent to RMB 1 0,000 yuan. Third: if an individual's overseas cash withdrawal exceeds the annual quota, the right to withdraw cash abroad will be suspended this year and the following year. Fourth, individuals are not allowed to evade or help evade the management of overseas cash withdrawal by borrowing other people's bank cards or lending their own bank cards. Overseas cash withdrawal means that China citizens holding domestic credit cards can withdraw foreign currency cash at any overseas bank or ATM after going abroad, and the exchange rate is calculated according to the exchange rate of the day.