The requirements for overseas remittance transactions through bank accounts are as follows:
1. For enterprises, the domestic and cross-border reporting standards for large-value transfer transactions in non-natural person bank accounts are more than RMB 2 million and foreign currency equivalent of more than US$ 200,000.
2. For individuals, the domestic reporting standard for large-value transfer transactions in natural person bank accounts is more than RMB 500,000, and the foreign currency equivalent is more than USD 654.38+10,000; The standard for cross-border declaration is more than RMB 200,000, and the foreign currency equivalent is more than USD 654.38+10,000.
Extended Information The People's Bank of China issued the Administrative Measures for Reporting Large-value Transactions and Suspicious Transactions of Financial Institutions (Order No.2 of the People's Bank of China [2006]) June 2006165438+1October 04 Article 5 Financial institutions shall report the following large-value transactions:
(1) Cash receipts and payments in the form of cash deposit and withdrawal, cash settlement and sale of foreign exchange, cash remittance, cash bill payment, etc. with a single or cumulative transaction amount of more than RMB 50,000 yuan (including RMB 50,000 yuan) and a foreign currency equivalent of more than US$ 6,543,800 (including US$ 6,543,800).
(2) Transfer of funds with a single or cumulative transaction amount of more than RMB 2 million (including RMB 2 million) and a foreign currency equivalent of more than US$ 200,000 (including US$ 200,000) on the day when bank accounts and other bank accounts of non-natural customers occur.
(3) Transfer of domestic funds with a single or cumulative transaction amount of more than 500,000 yuan (including 500,000 yuan) and a foreign currency equivalent of more than 654.38+million dollars (including 654.38+million dollars) on the day when bank accounts and other bank accounts of natural person customers occur.
(4) Cross-border transfer of funds with a single or cumulative transaction amount exceeding RMB 200,000 (including RMB 200,000) and foreign currency equivalent exceeding US$ 6,543.8+US$ 0,000 (including US$ 6,543.8+US$ 0,000) on the day when the bank account of a natural person customer and other bank accounts occurred.
The cumulative transaction amount is calculated and reported unilaterally according to the income or expenditure of funds with the customer as the unit. Unless otherwise stipulated by the People's Bank of China. The People's Bank of China may adjust the reporting standards for large-value transactions as stipulated in the first paragraph of this article as needed.
Article 6 For transactions that meet two or more criteria for large-value transactions at the same time, financial institutions shall submit large-value transaction reports respectively.
References:
Baidu Encyclopedia-Measures for the Administration of Large Transaction and Suspicious Transaction Reports of Financial Institutions