First of all, let's look at the documents needed for Canadian exchange.
My valid passport and visa
My ID card and household registration book. If an agent is represented by another person, in addition to the above-mentioned documents, the agent shall also provide his own identity documents.
My original admission notice and payment notice.
Remit the application form at the exchange window and fill it out on the spot (in duplicate)
Pay RMB and all necessary documents, and exchange foreign exchange.
All the above documents and materials are in duplicate (original and photocopy), and an application is made to the designated foreign exchange bank or foreign exchange bureau (hereinafter referred to as the "foreign exchange bureau") authorized by the State Administration of Foreign Exchange and its branches where the account is located.
Then let's take a look at the four main remittance methods of major banks in China:
1. telegraphic transfer
Wire transfer is fast and can be directly remitted to the payee's account, but it is also the most expensive remittance method. The premise of using telegraphic transfer is that you must have a bank account in the UK. Generally, the payee's name, account number, address, name and address of the payee bank must be provided in English.
2. Airline remittance
The handling fee for remittance is cheaper than that for telegraphic transfer, and it is much safer for the buyer to leave the country by mail or with bills. After arriving in the UK, choose a suitable bank as soon as possible, open a student account, deposit the draft in the bank, and the bank will cash it directly or collect it. It is a good choice to pay tuition by draft. Compared with telegraphic transfer, remittance by draft is slower, but it can save a telecommunication fee. However, if the bill is not taken out of the country by myself and needs to be mailed, it will lead to mailing costs and risks.
3. International Debit Card
International debit cards have strong versatility and high security, which can avoid the trouble of carrying cash. When you swipe your card, you can directly deduct it from your deposit account and swipe as much money as you have. Nowadays, general international debit cards have the functions of main card and auxiliary card. International students only need to bring a supplementary card, and their parents can use the main card to handle deposit business at branches of domestic banks at any time, while international students only need to pay a small handling fee when withdrawing money from ATMs abroad. However, the international debit cards of general banks are mainly US dollar cards, and it is necessary to pay exchange fees to withdraw the currency of the current country from ATMs outside the US dollar zone.
4. International credit cards
Foreign credit cards are relatively mature, ranging from shopping malls to convenience stores. Therefore, it is also a good choice for international students to use international credit cards. At present, many domestic banks offer international credit card business with different credit lines. If money is deposited in the card, you can spend or withdraw money directly abroad. There is no handling fee for direct consumption with international cards, but a certain percentage of handling fee is required for overseas cash withdrawal.
Finally, let's take a look at the common sense of Canadian currency exchange:
The official currency of Canada is the Canadian dollar ($). One Canadian dollar is equal to 100 cent. Many businesses, especially those in big city centers, also accept US dollars, although you have to pay an exchange rate surcharge.
When you arrive, you may notice different pricing methods. For example:
$ 1.33 equals one yuan and thirty-three cents.
$0.33 equals 33 cents.
33% equals 33 points.
There are six different denominations of coins, and each coin is obviously different in size, shape and color, so it is easy to identify. One side of the coin is also printed with images of special significance to Canadians. For example, there is a loon on a one-dollar coin and two maple leaves on a one-cent coin. There are six denominations of coins in circulation at present:
Penny = 1%
Nickel) = 5%
Dime)= 10￠%
One quarter) = 25%
Dollar = $ 1.00 (also known as "loonie")
Two yuan = $2.00 (also known as "Tuni")
All banknotes are the same size, but each banknote has a different color. Your most common paper money is:
Wuyuanlan
Ten yuan-purple
Twenty yuan green
Fifty yuan-red
One hundred dollars.-Brown
Paper money has a specially designed safety sign to prevent counterfeiting.
Canada has close historical ties with Britain and is a member of the Commonwealth Organization. Since 1908, the portrait of the British monarch has been printed on Canadian currency, and now the portrait is Queen Elizabeth II.