Yesterday, I heard a friend say that all the dollars remitted by his relatives who went abroad for labor services have become RMB. I was surprised and asked his relatives how to remit money. He said it was remitted back to China through the local branch of China Bank abroad. However, once again, I saw that he had no current foreign exchange savings account in China Bank. When the foreign remittance currency of China Bank is different from the currency of the account opened by the individual, the general treatment is as follows: If the foreign remittance is different from the currency of the remittance account designated by the individual, for example, the foreign remittance is Canadian dollars and the account opened is US dollars, then the bank will convert it into US dollars according to the quotation of the day. Renminbi remitted from abroad cannot be converted into foreign currency for entry; Remittance of foreign currency from abroad can be converted into RMB account. So the dollars remitted by this friend's relatives were directly converted into RMB. So how can we receive the money from foreign exchange in time? First of all, you must open a current foreign exchange savings account in a bank or its branch that handles personal international remittance, and then tell the foreign remitter the bank's account number, account name (standard Chinese pinyin), name, address and SWIFTCODE. So you won't miss the dollar. Of course, if you pass the "one card" of China Merchants Bank, the problem will not exist. Even if you don't open a foreign exchange savings account, the "all-in-one card" will automatically help you to open a new one, without going to the bank specially! Sometimes you may find that the received wire transfer is less than the original remittance amount, which is often because the remitting bank has no account relationship with the bank, so this business must be transferred to the bank through another bank or banks as the remitting bank. Every remittance bank will deduct a remittance fee from the remittance amount when doing remittance business. So it is possible that the remittance amount you received by telegram is less than the original remittance amount. Therefore, when reminding your relatives abroad to remit money, you must pay attention to the fact that the remittance bank and your bank open accounts with each other, so as to ensure that the money will be remitted to your account in full. As China's opening up to the outside world is getting higher and higher, there are more and more foreign exchanges, and the savings in the hands of ordinary citizens are becoming more and more diversified. Many residents have some foreign currency in their hands through various channels, but many people are still in a state of "foreign exchange blindness". So remind friends who already have foreign currency and will have foreign currency. Do all kinds of foreign currency-related behavior must remember to ask the bank more, otherwise you may really make the mistake of not knowing what is going on when dollars become RMB.