Personal purchase of foreign exchange refers to the business provided by the bank to individual customers to convert their RMB into foreign currency according to the real-time quotation provided by the bank.
As the policy will change at any time, the content will be updated regularly, pay attention to the official account of WeChat, and subscribe for updates.
Channel of purchasing foreign exchange
For convenience, people generally choose online banking or mobile banking to purchase foreign exchange, which can be operated at any time and is very convenient.
trading hour
The foreign exchange settlement and sale transaction is not 24 hours, and the time of each bank is different, such as
China Bank only accepts cases from 8: 00 to 22: 00 every day.
China Merchants Bank only accepts cases from 8: 30 to 22: 00 every day.
HSBC only accepts applications from 9: 00 to 18: 00 every day.
In order to ensure the normal acceptance of your transaction, it is recommended that you try to avoid initiating transactions near 18:00.
Foreign exchange quota
Implement annual total management (currently equivalent to $50,000 per person per year or equivalent in foreign currency). Individuals who purchase foreign exchange within the annual total amount and occupy a certain amount of foreign exchange shall handle it with their valid identity documents.
Therefore, the annual facilitation quota of US$ 50,000 is the amount of foreign exchange settlement and purchase that individuals can directly handle in the bank without providing materials. It's convenience, not control.
Over 50,000 dollars.
For a long time, China has not restricted the purchase of foreign exchange under the current account with real and legitimate needs. As long as you can provide corresponding proof materials, such as tuition fees and medical certificates, you can purchase foreign exchange according to the actual amount, which does not account for the total amount of facilitation every year.
Calculation period
The annual facilitation quota is calculated from 65438+1 October1to 65438+February 3 1 every year. Unused facilitation quotas in the current year will be automatically emptied at the end of the natural year, and new facilitation quotas will be obtained in the next year. That is, 65438+February 1 bought $50,000 in foreign exchange, and the following year 65438+1 October1can buy another $50,000 in foreign exchange.
Is the money spent on overseas shopping by credit card included in the annual convenience limit?
Overseas tourism consumption can be carried out by credit card consumption, foreign exchange remittance, carrying foreign currency cash and other ways of using foreign exchange. The most convenient and safe way is to swipe your card with a bank card, which does not occupy the personal annual convenience quota, nor does it need to go through the domestic foreign exchange purchase procedures in advance.
If you take the UnionPay channel, the system will automatically convert foreign currency into RMB according to the real-time exchange rate at the time of posting and record it in the current bill, that is, you can directly repay in RMB, and the issuing bank will automatically purchase foreign exchange for transfer, which is not included in the personal annual convenience line. When individuals use Alipay, WeChat payment and other accounts for Internet payment, their foreign exchange settlement and sales are not included in the personal annual convenience quota.