1, cash

International students studying abroad should bring a certain amount of foreign currency cash, which is mainly used for living expenses and small emergency expenses in the early stage. The State Administration of Foreign Exchange has relevant regulations on the amount of foreign currency that can be carried at one time. Those who exceed the quota must apply for an exit permit to carry foreign currency and show it to the customs on their 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

When remitting money to children who are about to study abroad or have already been abroad, most people first think of telegraphic transfer, that is, directly remit money to the payee's account through the international interbank telecommunication system. 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.

3. Foreign currency draft

For studying abroad for the first time, those who have no overseas account and carry a large amount of foreign currency funds 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.

Extended data:

Cross-border remittance-list of domestic bank charges

1, Bank of China:

Counter: handling fee 1‰, the lowest is 50 yuan, the highest is 260 yuan, and the telecommunication fee is 80 yuan. Online banking: 20% discount on counter fees.

2. ICBC:

Counter: handling fee 1‰, lowest in 50 yuan, highest in 260 yuan, telecommunication fee 150 yuan. Online banking: 20% discount on counter fees, with the lowest 16 RMB and the highest 160 RMB: 20% discount on counter fees.

3. China Merchants Bank:

Counter: handling fee 1‰, minimum 100 yuan, maximum 1000 yuan, telecommunication fee 150 yuan. Online banking: handling fee 1‰, minimum 100 yuan, maximum 1000 yuan, telecommunication fee 150 yuan. Note: You need to open professional online banking to make foreign exchange and overseas remittance in online banking.

4. China Construction Bank:

Counter: handling fee 1‰, minimum 20 yuan, maximum 300 yuan, cable fee 80 yuan. Online banking: handling fee 1‰, minimum 20 yuan, maximum 300 yuan, cable fee 80 yuan.

Note: When using online banking for overseas remittance, the handling fee is deducted by converting it into foreign currency, so part of it can be converted as handling fee.

Baidu encyclopedia-cross-border remittance