There is no restriction or reduction in the convenient foreign exchange purchase quota equivalent to 50 thousand US dollars per person per year in China. As long as it is within the limit of $50,000, citizens can directly handle it through bank counters, online banking, self-service terminals, telephone banking, mobile banking and other channels. If it exceeds the equivalent of more than $50,000, as long as they have a real background, they can also take the transaction voucher to the bank counter.
Prepare your ID card, residence booklet or other relevant valid documents before redemption. Without a valid certificate, you can't exchange dollars and other foreign currencies. At present, each ID card can only be exchanged for up to 50,000 dollars or other forms of foreign currency a year. If it exceeds the quota, you need to go through some special application procedures.
Extended data:
If there is cash in the bank account, you can withdraw it directly. If there is no cash, you need to purchase foreign exchange. How to purchase foreign exchange in China Bank;
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.
Precautions for exchange:
1. If the bank card used is not convertible, you'd better prepare cash first.
2. Generally, there is no handling fee for exchanging dollars in banks, and banks mainly make money by exchanging the difference.
3. There is a handling fee for transferring money or remitting money to others after exchange.
People's Daily Online-National Development and Reform Commission responded that people began to exchange dollars: foreign exchange inflows and outflows were normal.