1. The declaration of the balance of payments of private foreign-related receipts and payments with an equivalent value of less than $5,000 (including $5,000) is exempted from the declaration under the quota.

2. For inward remittance whose remittance amount exceeds the declaration limit of balance of payments (US$ 5,000), the formalities shall be handled according to the relevant declaration statistics regulations of the local foreign exchange administration, and the handling outlets shall contact the customers by phone on their own initiative, and then the declared customers shall go to the outlets to fill in the customs declaration form. Different customers need to declare different information. If you can't provide information and materials that meet the reporting requirements, it may affect your entry. For specific reporting requirements, please consult the local processing outlets.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

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