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How to exchange foreign currency checks
The process of exchanging foreign currency checks:

1. Take the check and your ID card to the local China Bank to collect the check.

2. Go to the foreign currency department of China Bank or the counter of the foreign currency department for collection procedures.

3. Pay a certain handling fee and cheque mailing fee to China Bank.

4. Pick up the receipt, and the bank will call you around 1 month to inform you that the collection is successful.

4. Take the receipt and ID card to the foreign currency counter to pick up the foreign currency check.

Foreign currency type:

1. A bill of exchange or bill of exchange is a written order issued by the drawer, requiring the payer to unconditionally pay a certain amount to the designated person or holder according to the agreed payment period. Bills of exchange are usually issued by creditors, such as exporters and creditor banks.

2. A promissory note is a written promise issued by the drawer to the payee or the holder to guarantee unconditional payment of a certain amount on the stipulated due date. Such a drawer is generally a debtor.

3. A check or cheque is a written order issued by the drawer to the payee to entrust the bank to pay a certain amount unconditionally after seeing the ticket.

4. Credit card is a credit card provided by credit institutions to customers with certain credit. The internationally popular credit cards include Bank of America, MasterCard and American Express.

The above payment voucher can be issued by the bank or by the customer (that is, the customer of the bank). For the payment voucher issued by the bank, it can be regarded as the guarantee of absolute payment, because if the payment voucher issued by the bank is refunded without justifiable reasons, it shows that the bank has lost the credit of the intermediary who moves international funds, and thus cannot maintain its position at home and abroad. For payment vouchers issued by people outside the bank, it is not a guarantee of absolute payment: sometimes they may be rejected, such as "bad checks" issued by private people.