ICBC can exchange RMB for foreign currency and then transfer it to a foreign bank account.
I. Converting RMB into foreign currency at ICBC:
1. If you want to exchange cash, you must go to the bank counter to exchange it. You need to bring your valid ID card to the counter to fill out the application for purchasing foreign exchange.
2. If the money is in the card, you can exchange it at the ATM first, and then go directly to the bank counter to withdraw it.
3. Online banking exchange: log in to online banking, select investment and wealth management, click settlement and sale of foreign exchange, select RMB to purchase foreign exchange, and then withdraw cash from the bank.
Two, to transfer money abroad, you need to bring the following materials to the bank.
1. Detailed and accurate payer's name (English) and bank account number are required.
2. It is necessary to provide detailed and accurate payee name, name and address of the bank, bank SWIFT code (available from the bank) and payee account number (in English).
3. Need to provide the payer's passport, income certificate, etc.
Can cash be transferred to foreign banks?
Cash can be converted into foreign currency and remitted abroad, but it should be converted and remitted according to relevant regulations.
According to Article 5 of the Measures for the Administration of Personal Foreign Exchange, individuals shall handle relevant foreign exchange business in accordance with the provisions of these Measures. Banks shall handle foreign exchange receipts and payments, settlement and sale of foreign exchange and open foreign exchange accounts for individuals in accordance with the provisions of these Measures, and examine the authenticity of valid identity documents and relevant certification materials submitted by individuals. Remittance agencies and foreign currency exchange agencies (including exchange points) handle personal foreign exchange business for individuals in accordance with the provisions of these Measures.
Article 32 An individual may open a foreign exchange savings account in a bank with valid identity documents. The income and expenditure scope of foreign exchange savings accounts is non-operating foreign exchange income and expenditure, and the transfer of funds between foreign exchange savings accounts of the same subject category between myself or his immediate family members. Joint foreign exchange savings accounts opened by domestic individuals and overseas individuals shall be managed according to domestic individual foreign exchange savings accounts.