Domestic individuals and overseas individuals implement annual gross management (currently equivalent to $50,000 per person per year), settle foreign exchange within the annual gross, and handle personal settlement business with their valid identity documents; In addition to my valid identity documents, customers can also provide transaction authenticity certificates and handle personal foreign exchange settlement business without occupying the quota.
It should be noted that:
1. Individuals may entrust their immediate family members to handle the settlement of foreign exchange within the total annual amount on their behalf, and shall provide their identity documents, power of attorney and proof of immediate family members; In other cases, it is necessary to provide the identity documents, power of attorney and required certification materials of both parties.
2. The annual total amount shall not be used across the Gregorian calendar year, and those unused or not used up in the previous year shall not be carried forward to the next year.
3. Personal small currency exchange, online booking and other products and services are only handled in some branches. Please refer to the information provided by the Bank of China.
Cross-border remittance mode
1, cash
If the amount of foreign currency you can carry at one time exceeds the limit set by the State Administration of Foreign Exchange, you must apply for an exit permit to carry foreign currency and show it to the customs on your own initiative when leaving the country.
Foreign currency exit permits can be handled in banks, and the handling fee for each permit is about RMB 10 yuan. Carrying cash can be used for payment immediately, with low cost, but it is neither convenient nor safe. Once the cash is lost or stolen, it cannot be compensated. Therefore, in addition to carrying a small amount of cash, it is best to send large amounts of foreign currency by remittance.
2. telegraphic transfer
Wire transfer has many currencies, is safe, fast and universal, and can be directly remitted to the payee's account, but the cost is relatively high, which is more suitable for customers who already know the payee's name, account number and bank information and have high requirements on the time and security of remittance arrival.
The cost of wire transfer is divided into two parts, one is related to the amount of wire transfer, that is, the handling fee of 1‰, and the other is not related to the amount of remittance, but related to the number of transactions, that is, each remittance will be charged a telecom fee.
There is a big difference in fees charged by different banks, so customers can make a good comparison when choosing remittance banks. It should be noted that remittance is deducted by the intermediary bank, and it is impossible to predict the amount of deduction during the remittance process, which may lead to insufficient payment of tuition fees or study abroad deposit remittance, which may affect visa application or registration.
So try to remit as much as possible. Because there is generally the highest remittance fee, the more remittances each time, the more cost-effective. Therefore, if you have the conditions, it is recommended to remit more money at one time, not too many times, otherwise you need to pay a lot of procedures.
3. Foreign currency draft
For those who go abroad for the first time, do not have an overseas account and carry a large amount of foreign currency funds, they can use foreign currency drafts. Personal foreign currency bills can be issued in all foreign currency savings currencies opened by banks. Foreign currency bills are convenient and safe to carry and pay, and the handling fee is low, which can be reported and refunded.
However, this method has an obvious disadvantage, that is, the speed of fund arrival is slow, because the draft needs to be collected for overseas withdrawal, and the arrival time must meet the requirements of overseas accepting banks. Therefore, people with plenty of time can choose this way.
4. Traveler's checks
In Europe and America, traveler's checks are as widely used as cash, which can be used for shopping, dining and paying insurance premiums. Traveler's checks have the characteristics of cash and money orders, so they are flexible and convenient to use.
Traveler's checks also have some disadvantages: if they are not exchanged at a free exchange point, they may have to pay a certain fee; In domestic banks, you have to pay a certain handling fee, which is generally 65438+ 0% of the face value, and the top is not capped. In addition, in some economically underdeveloped countries or regions, direct consumption may not accept traveler's checks, so you should consult clearly before choosing to use them.
5. Credit card
Major domestic banks have launched international credit cards, either with both RMB and specific foreign currency accounts, or with special single foreign currency accounts, which can be used abroad. Some banks have also specially launched credit cards for international students, which can basically provide rich currency options for major countries and regions studying abroad.
Therefore, if you need to carry more foreign currency funds, you can consider depositing part of it into a credit card. However, it usually takes some time to apply for a credit card, so you should apply in advance.