Going abroad away from familiar surroundings, you have to acquire a lot of common sense to make life abroad less like leaving home.
In order to save unnecessary trouble in the communication of many things, do you know the precautions of spending money abroad and?
Today, I share some common knowledge about international students to make going out easier and easier.
About Traveler’s Checks Traveler’s checks provide a safe and reliable way to carry them for study and travel abroad.
Traveler’s checks are insured so that travelers don’t have to worry about loss, theft and damage.
Traveler’s checks are small and easy to use.
Can be directly consumed in overseas hotels, shopping malls, taxis and other occasions.
At the same time, traveler’s checks can be easily cashed in the United States upon presentation of valid identification.
They can be purchased at most banks for a small fee.
When purchasing traveler’s checks, students are required to sign at the designated location on the check.
When cashing a traveler’s check, you need to sign it again to prove that you are the owner.
Sign your name in English in front of the person receiving the check.
You should sign your name in the same English language during your stay in the United States.
Remember to keep a good record when you use traveler’s checks.
When you purchase traveler’s checks, the bank will give you a form registering the numbers of all traveler’s checks purchased on this form.
In the space next to each number, record the date and place the check was cashed.
Tip: Make a note of the date and place when cashing each check.
Be sure to keep the forms and check them separately to avoid losing them at the same time.
If a check is lost or stolen, using the check recorded on the form is an important basis for a claim.
Apply for credit cards from foreign banks and credit card institutions, such as America Express and Visa, but due to the low income of Chinese residents, the approval process will be relatively strict.
However, due to its practicality, it is best for students to apply for one;
In addition, it can avoid the trouble of carrying cash.
Beijing, Shanghai, Guangzhou, Shenzhen and other major cities have similar agencies.
The following points should be noted when choosing a credit card product: Repayment must be convenient.
Children use them thousands of miles away.
If parents are required to exchange foreign currency at home every time, not only is it troublesome, but the fluctuations may cause unnecessary losses.
It should be noted that some credit card transactions require payment, and careless choices will only add to the bill.
All banks in China have their own bank cards and credit cards.
Most banks in the world can withdraw money, but the withdrawal fee is relatively high.
For example, the fee charged by Agricultural Bank of China’s Golden Spike Master Card is 3 for each withdrawal from foreign ATMs, while the fee charged by ICBC’s Peony International Card is generally no more than 4%(1% for domestic banks and about 3% for overseas cooperative banks).
Use card security SMALL common SENSE (1) ABOVE all, CHOOSE the BANK card with higher security coefficient.
Choose a chip card with a high safety factor, and be careful to choose a magnetic stripe card without leaving your sight.
If you still have a magnetic stripe card, you should also replace it with a chip card as soon as possible to reduce the risk of being copied.
(2) Secondly, prevent password leakage.
Pay attention to swiping your card or withdrawing money from an ATM so that you can cover your password with your hand to prevent it from being stolen or photographed by the suspect’s pinhole camera.
(3) Again, open the international roaming, transnational SMS receiving function or wechat balance change reminder service.
You can learn about account changes in a timely manner.
(4) Finally, try to avoid using independent POS machines to swipe cards at small businesses or mobile booths.
Some consumers use their cards at small businesses, night market stores and other places, which are most likely to lead to information leakage, so be vigilant.
China’s Foreign Exchange System China is a strict country.
Residents are not allowed to exchange foreign currencies from banks at will, except for the business needs of foreign trade and enterprises with foreign investment.
If you need foreign exchange for studying abroad, traveling, visiting relatives and other reasons, you can apply to the local four major banks (industrial, agricultural, Chinese and construction).
Residents can apply to the local administration of Foreign Exchange for overseas study.
Then, with the approval of the State Administration of Foreign Exchange, the yuan will be converted into foreign currency at the relevant local bank.
Note: BANK OF China IS THE MOST CONVENIENT BANK TO EXCHANGE FOREIGN CURRENCY, THE BANK WITH THE lowest price difference, and the BANK with the largest currency exchange.
Reservations are required for large exchanges.
Because you need to use an ID card, each ID card can be exchanged for up to $50,000, or another $50,000 foreign currency.
If you exchange more than $50,000, you need to apply to the bank.
You can also apply for another $50,000 using your family ID.
The big four banks (Industrial, Agricultural, China and China Construction) can handle it, but not nearly as fast as Bank of China.
China Merchants Bank and Bank of Communications can also handle it.
If the credit card limit of China Merchants Bank and Bank of Communications is 30000 yuan, the equivalent amount of US dollars will be withdrawn, that is, 30,000/6.12 =4902 US dollars.
First of all, bring your passport, admission notice, ID card and other documents to the local Administration of Foreign Exchange (address is the same as the People’s Bank of China) to apply for foreign exchange approval;
Hold the foreign exchange approval certificate issued by the State Administration of Foreign Exchange and go to the Personal Business Department of the local bank for foreign exchange.
Generally speaking, the same amount of yuan is deposited in a bank account first, and then transferred to the bank for foreign exchange.
The bank will inform you of the procedure.
Generally speaking, the maximum amount of foreign exchange approved by the Central branch of the People’s Bank of China (in large cities) for studying abroad for one year is $9,999;
Exceeding this limit shall be reported to the superior management for approval.
If not, the usual approach is to apply once a year or wait for approval from the higher authority bank.
Students who are not in the required country can freely use foreign currency (freely convertible currency, such as US dollar, mark, etc.) to exchange other foreign currencies at the bank.
Without the approval of the People’s Bank of China.
According to China’s regulations, ordinary residents are allowed to take no more than US $2,000 in cash out of China.
Otherwise, getting caught on the way out of the country can cause a lot of trouble.
The general practice is: when the People’s Bank of China applies for exchange of foreign exchange, it specially requires the People’s Bank of China to issue a certificate for carrying foreign exchange out of China, indicating the currency and quantity, etc.
You can rest assured with this certificate.
If students have an account abroad, they can remit foreign exchange to the account at home, but they need to apply to the local People’s Bank for approval and obtain a certificate of remittance.
In this way, students can save all the trouble of taking cash out of the country, but they need to pay a certain fee for the remittance bank.
Investors still focus on Omicron, two factors may guide the market theme.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
