Banks can open foreign exchange accounts and foreign currency cash accounts for depositors. The freely convertible foreign exchange remitted, carried and held by domestic residents from abroad can be deposited in foreign exchange accounts.

If it is necessary to deposit foreign currency into a foreign exchange account, it will be converted into foreign currency according to the buying price and selling price of foreign currency on that day. Foreign currency bills that cannot be paid immediately need to be collected by the bank before they can be recorded.

All freely convertible foreign currency cash brought from abroad or held by individuals can be deposited in foreign currency cash accounts. When opening this account, it should be stamped with the stamp of "Cash Account". Domestic institutions and institutions in China are generally not allowed to open foreign currency cash accounts.

Individuals and people coming to China are generally not allowed to open foreign exchange settlement accounts. Individual foreign exchange savings deposits shall follow the principles of voluntary deposit, freedom of withdrawal, interest-bearing deposit and confidentiality for depositors.

Extended data:

Foreign currency savings deposits are divided into demand deposits, time deposits and personal notice deposits:

1. The foreign currency demand deposit is a passbook account. The initial deposit amount is not less than the equivalent foreign exchange RMB 20 yuan, and the interest is calculated and paid once a year. The value date is 65438+ February 20th every year.

2. Foreign currency time deposit refers to a deposit in which the depositor deposits the principal in one lump sum and withdraws the principal and interest in one lump sum at the time of deposit. The initial deposit amount is not less than the equivalent foreign exchange of RMB and RMB in 50 yuan. The term of time deposit is divided into five grades: one month, three months, six months, one year and two years.

3. Personal notice deposit refers to the deposit that customers must notify the bank several days in advance when withdrawing or paying deposits. There is only one equivalent foreign exchange, and the minimum withdrawal amount is RMB 50,000. Personal notice deposit is very attractive to customers with large short-term income, because its deposit term is much shorter than ordinary time deposit and its interest rate is higher than demand deposit.

The domestic transfer of funds in individual foreign exchange savings accounts shall be handled in accordance with the following provisions:

(1) The transfer of funds between my accounts must be handled with valid identity documents;

(2) The transfer of funds between individuals and their immediate family accounts shall be handled with valid identity documents of both parties and proof of immediate family members;

(3) The transfer of funds between domestic and overseas personal accounts is managed according to cross-border transactions.

The funds between the individual foreign exchange settlement account and the foreign exchange savings account can be transferred, but the transfer from the foreign exchange savings account to the individual foreign exchange settlement account is limited to external payment on the day of transfer, and foreign exchange settlement is not allowed after transfer.

Baidu encyclopedia-foreign exchange savings account

Baidu encyclopedia-foreign currency savings deposit