Those who have a savings card of China Merchants Bank can purchase foreign exchange from domestic individuals through China Merchants Bank, and the single or current cumulative equivalent is less than or equal to $20,000. You can try to do it through mobile banking, log in to mobile banking and select "Home → All → Cross-border Finance → Purchase of Foreign Exchange → Purchase of Foreign Exchange Entrustment". It is recommended to go to the counter to confirm whether it can be done, and there is no handling fee for purchasing foreign exchange.
Tips:
1. Only when the valid account opening certificate is an ID card (excluding temporary id card) can it be handled through mobile banking.
2. The amount of foreign exchange settlement and sale per person per year is equivalent to USD 50,000 (inclusive).
If you want to withdraw the converted foreign currency, it is recommended to choose cash when purchasing foreign exchange. In addition, you need to confirm with the outlets whether withdrawal in this currency is supported before purchasing foreign exchange. If you want to transfer the converted foreign currency, it is recommended to choose cash when purchasing foreign exchange.