With regard to foreign exchange (1), there is no need to exchange a proper amount of foreign currency in domestic banks before departure. For example, you need to take a taxi, eat, tip and so on when you arrive at an overseas airport.
(2) The bank's exchange rate for foreign exchange is usually the most cost-effective. Be sure to shop around. Pay attention to the exchange rate of small banks, and there may be surprises. Reference selling price.
(3) Anyone who leaves the country with the equivalent foreign currency of no more than 20,000 RMB or 5,000 USD must declare the excess to China Customs.
Going abroad, with card or money? Attached to the tax rebate strategy!
(4) If you want to exchange small amounts of money, you'd better make an appointment in advance, in case there are not enough bank outlets and you can't exchange them on the same day. If you can't directly exchange small amounts of money, you need to change a little US dollars as a transit currency, and then exchange US dollars for local currency when you get there.
(5) After arriving in the local area, if the temporary foreign currency is not enough, how to choose the foreign exchange channel? Usually overseas ATM cash withdrawal >: local bank > urban currency exchange point > local airport exchange point.
Regarding overseas cash withdrawal (1), debit cards are superior to credit cards. Except for some credit cards with preferential handling fees, the overseas cash withdrawal rate of general credit cards is 1.5%-3%, with a daily interest of five ten thousandths, while the handling fee of debit cards is usually around 1%. You can also get an overseas cash withdrawal debit card for free.
(2) UnionPay cards are only used by ATMs with UnionPay logo. Note that domestic pure chip cards are not supported in some places, and must be magnetic stripe cards. If it is a chip+magnetic stripe composite card, you can try to cover the chip to brush it.
(3) If there are international cards, such as Visa, MasterCard, etc. , you can withdraw cash through the corresponding ATM. You will deduct money from the foreign currency account first, and then use the balance of the RMB account to purchase foreign exchange when the balance of the foreign currency account is insufficient.
(4) The daily withdrawal limit for UnionPay cards abroad is generally equivalent to RMB 1 000, but banks such as Agricultural Bank are relatively strict, and the daily withdrawal limit for debit cards is equivalent to RMB 5,000.
(5) The cash withdrawal limit for international cards abroad shall not exceed the equivalent of 1 000 USD in one day, 5,000 USD in one month, 1 000 USD in six months and 20,000 USD in six years.
(6) In addition, it should be noted that ATM machines of overseas banks also have single-day or single-day cash withdrawal limits.
In terms of overseas credit card (1), UnionPay cards can be used in many places, and foreign currency consumption can be directly converted into RMB. There is no currency conversion fee, but the exchange rate of unionpay is used, which is slightly pitted.
(2) swipe a foreign currency card and take the Visa or MasterCard channel. The US dollar card is spent in the US dollar area, and no currency conversion fee is charged, and the US dollar is credited for repayment; If the USD card is used in a non-USD area, a currency conversion fee may be charged.
(3) avoid DCC. Explaining this concept is a bit complicated. The principle is to consume in non-US dollar areas, and the goods are priced in non-US dollars. Select local currency settlement when swiping the card; If in the scene of duty-free shops, goods are directly priced in US dollars, and the dollar amount of credit cards is consistent with the price tag, then choose US dollars to pay; Pay attention to the prompt of POS machine when swiping the card, and choose No if you agree to DCC/ USD/ XX exchange rate.
(4) Don't forget to cash back overseas or multiply points when spending by credit card. Needless to say, this.
Regarding the anti-theft brush (1), before departure, cover the card information of the credit card, especially the verification code on the back of the card, which is the "second password" of the credit card. In some foreign scenes, payment can be completed only by providing card information and verification code, so it is best to cover the verification code.
(2) Pay attention to the official WeChat account of the issuing bank's credit card, get the information of each transaction in time, and receive the notice as soon as the credit card is stolen.
(3) Ensure that the credit card does not leave the line of sight when swiping the card to prevent the card surface information from being recorded.
(4) Check the bill information carefully after the transaction to avoid being overcharged or repeatedly deducted.
(5) Don't litter the credit card receipt, which contains some credit card information.
(5) Try to open the credit card, ID card and passport equally to avoid the possibility of being lost and stolen at the same time.
About tax refund (1) Alipay tax refund is very convenient. Just fill in the necessary information such as mobile phone, passport number, Chinese Pinyin and so on bound to Alipay on the tax refund form (printed with the "Alipay" option logo), and submit the tax refund form to the customs for inspection and seal before leaving the country, and deliver it to the designated mailbox of the airport.
After 10 working days at the earliest, the tax refund will be automatically converted into RMB to the consumer's Alipay account.
Alipay tax refund is generally collected by the cooperative tax refund company, and the exchange rate is calculated according to the exchange rate of the tax refund company, which is generally a little pitted.
(2) In some places, Alipay tax refund is not supported, and the cash tax refund method is relatively safer, the account is received quickly, and there is no case of losing the bill.
In Europe, for example, the cash tax rebate is a refund of euros, which can be spent directly at the airport duty-free shops, but a certain handling fee will be charged for the cash tax rebate.
Some tax refund companies support cash tax refund in designated cities (such as Beijing and Shanghai). ) after returning to China. Note that the tax refund form must be stamped with a clear customs seal before it can be refunded in China, and there are handling fees.
(3) Credit card tax refund has a wider scope of application, and almost all tax refund companies support credit card tax refund; It is also very convenient to operate. After the customs stamp, fill in the credit card number and put it into the corresponding mailbox. There is generally no need to queue up.
Pay attention to the currency conversion fee and exchange rate.
Take Europe as an example. If it is a single euro card, the euro will be refunded directly in the card, and there is no currency conversion fee.
If it is a euro+RMB dual-currency card, it is generally calculated that the euro is converted into RMB once, and then the RMB is converted into euros, and it is recorded in euros after two conversions.
If it is a US dollar credit card, it is generally converted from euros into US dollars, and the US dollars are recorded according to the exchange rate of the tax refund company.
(4) Most bank credit card tax rebates will be counted as "refund" transactions and may be deducted. If the cardholder participates in some preferential activities of the bank, such as consumption abroad's multiple points or cash back, the tax refund will be regarded as a "refund" transaction, which will affect whether the activities are up to standard, and other issues need to be paid attention to.
There is one more question to remind.
Last year, the State Administration of Foreign Exchange issued the Notice of the State Administration of Foreign Exchange on Financial Institutions Submitting Information on Bank Cards' Overseas Transactions.
It is stipulated that from September 65438, 2007+September 1 day, 2007, domestic card-issuing financial institutions shall submit to the foreign exchange bureau all information on withdrawals from domestic bank cards and single consumption transactions with an equivalent value of 1000 yuan or more.
That is to say, if bank cards (including debit cards and credit cards) issued in China are used for consumption and payment abroad (excluding third parties such as Alipay and WeChat), a single transaction exceeding the equivalent of RMB 1 0,000 will be accepted and submitted.
The following three behaviors need to be vigilant:
The act of transferring foreign exchange beyond the limit through high-frequency cash withdrawal or false transactions;
Unusually large consumption, such as overseas credit card to buy insurance, buy real estate and so on;
The consumption of public officials abroad, especially in entertainment places, may be closely watched.