Domestic banks and do not need to charge fees.
Domestic purchase of foreign exchange does not need to add additional commission charges and other expenses, the bank’s cost will be directly reflected in the exchange rate price.
There is no commission charge for the settlement of foreign exchange. The bank will handle the settlement of foreign exchange at the immediate trading price.
Foreign exchange purchase is the purchase of foreign currency;
Settlement of foreign exchange is to buy and sell foreign currency.
Purchase of foreign exchange for individuals;
And the settlement of exchange occurs in enterprises.
Foreign exchange purchase is generally to travel abroad, study abroad to the bank to apply for foreign exchange purchase;
Settlement of foreign exchange is the behavior of the buyer and seller to settle the payment through the bank after the import and export transaction.
Foreign exchange purchase application conditions: domestic residents traveling abroad, visiting relatives, research, medical treatment, study abroad, training, labor, settlement, etc., can apply to the bank for foreign exchange purchase.
According to the latest policy, each person has an annual quota of 50,000 yuan equivalent to purchase foreign exchange, which can be purchased in one or multiple times.
Citizens only need to declare the purpose of foreign exchange purchase orally, with their real identity can be directly handled.
If the excess foreign exchange purchase is to be handled, relevant authenticity proof materials shall be provided for the excess part, and the total amount purchased shall not exceed the amount marked on the proof materials.
Foreign exchange purchase process: The customer can handle it by presenting his/her valid ID card, filling in relevant documents and delivering cash.
Valid credentials include: id card (Chinese citizens, booklet of registered residence (Chinese citizens under the age of 16), the military credentials () of the Chinese people’s liberation army, the armed police id (Chinese people’s armed police), Hong Kong and Macao residents with the mainland pass (Hong Kong and macau residents), Taiwan residents with the mainland pass (Taiwan residents), passport (foreign citizen).
Foreign exchange withdrawal procedures: If an overseas individual has not used up the original exchange, he/she can present his/her valid identity certificate and the original Bank of China exchange memo.
The expiry date of the original exchange memo is 24 months from the date of exchange.
If the amount of money redeemed on the day does not exceed the equivalent US $500 (inclusive) and the amount of money redeemed on the day in places outside the customs in China and China before departure does not exceed the equivalent US $1000 (inclusive), it can be done by presenting its valid identity certificate.
At present, there are a variety of currencies that can be exchanged:,, US dollar,, Swedish krona, Norwegian krona,,, Canadian dollar, Australian dollar, Philippine peso, Thai baht, Korean dollar and Macau dollar, a total of 17.
