1. At present, RMB is not a freely convertible currency. Therefore, both inward and outward remittances are monitored and supervised by the State Administration of Foreign Exchange.

At present, China's foreign exchange management policy is that the amount of foreign exchange settlement and sale per person per year is equivalent to 50,000 US dollars.

3. Generally, the normal use of overseas remittance is relatives' remittance or living expenses. But the amount is also limited by the equivalent of $50,000. Tuition or other expenses above 50,000 yuan, in addition to providing relevant materials, need to go to the local foreign exchange administration for approval.

4. Multiple bank cards of different people transfer money to the same overseas account, which has been suspected of splitting and will be blacklisted automatically by the system. Blacklist customers cannot handle foreign exchange settlement and remittance business within two years.

To sum up, if the accumulated remittance amount is less than 50,000 in one year, or the remittance times are less than 3 times, normal business can still be handled.