According to the Foreign Exchange Administration Regulations, the upper limit of the annual foreign exchange purchase and settlement amount for each Chinese resident is 50,000 US dollars equivalent. The daily foreign exchange settlement shall not exceed the equivalent of 10,000 U.S. dollars. More than 10,000 U.S. dollars requires approval from the foreign exchange department. You can live in your own child and store it, but your child needs to bring his or her ID card to open a bank account. You cannot take someone else's money yourself. Certificate to open an account.

When making a deposit, bank staff will ask you about the source of the foreign currency or the intention of depositing. You can just mention the tuition fee for studying abroad, because the bank's policy on tuition fees for studying abroad is relatively loose.