The entry operation of China Bank is that remittances below 1 10,000 US dollars (equivalent to foreign exchange) are entered in the original currency (slightly different from place to place) and declared at the time of settlement; /kloc-Notice of USD 0/0,000 or more shall be recorded after declaration.
The settlement operation is independent settlement, and the annual accumulated amount is less than 50,000 US dollars (equivalent foreign exchange); The settlement of foreign exchange will be stopped above 50,000 US dollars, but foreign currency cash can still be used, and the daily quota is limited (in different places).
In short, there is no limit on the amount of foreign exchange remitted, but there are restrictions on the settlement of foreign exchange. Remittances that reach a certain amount are all included in anti-money laundering monitoring, and banks report to specialized institutions, which has no direct relationship with the recipients.
Extended data:
Cross-border remittance mode
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.
telegraphic transfer
When remitting money to children who are about to study abroad or have already gone 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.
Generally speaking, the cost of telegraphic transfer is divided into two parts, one is related to the amount of telegraphic transfer, that is, the handling fee of 1‰, and the other is not related to the amount of remittance, but related to the number of transactions, that is, a telecommunication fee is charged for each remittance.
There is a big difference in fees charged by different banks, so customers can make a good comparison when choosing remittance banks. It should be noted that remittance is deducted by the intermediary bank, and it is impossible to predict the amount of deduction during the remittance process, which may lead to insufficient payment of tuition fees or study abroad deposit remittance, which may affect visa application or registration.
So try to remit as much as possible. Because there is generally the highest remittance fee, the more remittances each time, the more cost-effective. Therefore, if you have the conditions, it is recommended to remit more money at one time, not too many times, otherwise you need to pay a lot of procedures.
Foreign currency bill
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.
traveler's checks / traveller's cheque
In Europe and America, traveler's checks are as widely used as cash, which can be used for shopping, dining and paying insurance premiums. Traveler's checks have the characteristics of cash and money orders, so they are flexible and convenient to use.
Traveler's checks also have some disadvantages: if they are not exchanged at a free exchange point, they may have to pay a certain fee; In domestic banks, you have to pay a certain handling fee, which is generally 65438+ 0% of the face value, and the top is not capped.
In addition, in some economically underdeveloped countries or regions, direct consumption may not accept traveler's checks, so you should consult clearly before choosing to use them.
credit card
Major domestic banks have launched international credit cards, either with both RMB and specific foreign currency accounts, or with special single foreign currency accounts, which can be used abroad. Some banks have also specially launched credit cards for international students, which can basically provide rich currency options for major countries and regions studying abroad.
Therefore, if you need to carry more foreign currency funds, you can consider depositing part of it into a credit card. However, it usually takes some time to apply for a credit card, so you should apply in advance.
superiority
First, it reduces the risk of loss of cash, and it is relatively safe and convenient to apply for foreign currency carrying certificates regardless of the amount. Second, it can be repaid after consumption, which is convenient for repayment. For international credit cards issued by some banks, cash can be directly deposited in all domestic outlets, and repayment can also be made through ATM or online bank transfer. The third is the discount fee.
With international credit cards, parents save money at home and children spend money abroad, and there is no handling fee. Using a credit card can not only avoid the risk loss of foreign currency exchange, but also avoid paying foreign currency exchange fees. Fourth, after handling the primary and secondary cards, children can use the secondary cards to spend abroad. In addition to using the main card to repay money at home, parents can also monitor their children's consumption abroad.
However, when using credit cards, we must pay attention to two points: first, pay back the arrears on time, and second, don't overdraw, so as not to develop the bad habit of being extravagant.
Cross-border remittance-list of domestic bank charges
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.
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.
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.
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.
Bank of Communications:
Counter: the handling fee is 0.6~ 1‰, the lowest is 20 ~ 50 yuan, the highest is 250 yuan, and the telecommunication fee is 80~ 150 yuan. Online banking:
Ordinary remittance: the handling fee is 0.5‰, the minimum is 20 ~ 50 yuan, and the maximum is 250 yuan, excluding telegraph fee.
Fast remittance: the handling fee is 0.6~ 1‰, the lowest is 20 ~ 50 yuan and the highest is 250 yuan, and the telecommunication fee is charged by half. Note 1: Cross-border remittance can only be made if U Shield online banking is enabled.
Note 2: The handling fee varies according to the remittance currency. Please consult the bank counter for the specific tariff standard.
References:
Baidu encyclopedia-cross-border remittance