According to the provisions of Article 5 of the Measures for the Administration of Foreign Exchange for Individuals, banks shall handle foreign exchange receipts and payments, settlement and sale of foreign exchange and open foreign exchange accounts for individuals in accordance with the provisions of these Measures, and examine the authenticity of valid identity documents and related certification materials submitted by individuals. Remittance agencies and foreign currency exchange agencies (including exchange points) handle personal foreign exchange business for individuals in accordance with the provisions of these Measures.
Banks and individuals shall abide by the relevant provisions of these Measures when handling personal foreign exchange business, and shall not evade quota supervision by splitting, and shall not use false commercial documents or vouchers to evade authenticity management. Individuals' cross-border receipts and payments shall go through the formalities of declaration of balance of payments statistics in accordance with the relevant provisions of the declaration of balance of payments statistics.
Individual foreign exchange settlement and domestic individual foreign exchange purchase are subject to annual total management. Within the total annual amount, it shall be handled in the bank with my valid identity certificate; If it exceeds the annual total, it shall be handled by the bank under the current account with my valid identity certificate and relevant proof of the transaction amount.
Article 12 of the Measures for the Administration of Personal Foreign Exchange stipulates that if a domestic individual's current account expenditure of foreign exchange is remitted abroad, and the single or accumulated remittance amount on that day is less than the specified amount, it shall be handled in the bank with his valid identity certificate; If a single remittance or the accumulated remittance on the same day exceeds the specified amount, it shall be handled at the bank with my valid identity certificate and relevant proof of the transaction amount.
Remittance of cash from my savings account, equivalent to less than 50 thousand dollars per person per day, can be handled directly at the bank with my identity certificate; If it exceeds the above amount, it shall be handled with the certificate of authenticity.
If remittance is made in cash, the limit is $6,543,800+0,000 per person per day. If the amount exceeds the above amount, it must be handled by the authenticity certificate, the entry baggage declaration form or the banknote receipt of my original bank.
Personal foreign exchange control >>
How to send money abroad at home? Individuals remit the purchase funds to a bank account of a third party in China through a third-party remittance investor to remit money abroad; Then, the third party transfers the same amount of US dollars or other foreign currencies from its overseas bank account to the overseas account of the investor or the overseas account of the developer.
In recent years, the State Administration of Foreign Exchange has approved some financial institutions, such as banks and fund companies, to operate large-scale foreign exchange and investment services of more than US$ 50,000 on a pilot basis, and investors set up special investment plans through these fund companies.
After the approval, the investor transfers a large amount of RMB from his personal account to the fund company, and the fund company is remitting money to the overseas investment account designated by the investor; But if it is a personal exchange, it will not be used to buy a house.
As a formal channel for capital outflow, "off-balance-sheet loans" from banks or "off-balance-sheet loans" from high-end cross-border services of private banks have gradually become another choice for high-end customers, but the procedures are more complicated, but the legality can basically be guaranteed.
It is a relatively safe and low-cost method to open multiple overseas accounts and reserve enough operation time, but it is a bit cumbersome to operate because of its long front line. You can ask friends and relatives for help, but it is best to put an end to strangers so as not to "step on the thunder."
This credit card method is mainly suitable for international students studying abroad. You can use the credit card attached to your parents' account to swipe your card overseas, and your parents can repay the same amount of RMB in China, which is more convenient and can avoid many complicated procedures.
How do domestic companies remit money to foreign companies? T/T is usually used. Generally, banks will be strict in reviewing overseas remittances of enterprises, and enterprises need to provide relevant procedures and pay certain remittance fees.
The arrival time depends on what currency you remit. If you remit US dollars to Australia, you need to clear through the United States, and the time may be slower. If you remit Australian dollars directly, it may be faster. In addition, the speed of time is also related to whether your remittance bank in China has an agent abroad.
In the process of application review, enterprises need to provide different materials according to different funds.
1. If it is cash on delivery under trade, you need to submit the contract, invoice and customs declaration form to the bank, and fill in the Verification Sheet of Import Payment of Foreign Exchange under Trade, the Application for Wire Transfer and the Application for Purchase of Foreign Exchange.
2. Where the payment for goods is made in advance under trade, the contract and invoice shall be submitted to the bank, and the Write-off Sheet for Payment of Foreign Exchange under Trade, the Application for Telegraphic Transfer and the Application for Purchase of Foreign Exchange shall be filled in.
3. If the amount equivalent to more than 200,000 dollars is paid in advance, a letter of guarantee is needed.
4. If payment is made under non-trade items (including trade in services and provision of labor services, etc.). ), the remittance equivalent to less than $50,000 can be invoiced to the bank, and the application for foreign exchange purchase by telegraphic transfer can be filled in.
5. Contracts, invoices, tax payment vouchers, etc. The equivalent value is more than USD 50,000, and the application form for telegraphic transfer, application form for purchasing foreign exchange and declaration form for non-trade foreign exchange payment shall be filled in.
Are there any restrictions for the company to remit money to China? A single remittance cannot exceed USD 30,000 (exclusive) or equivalent foreign currency, and the daily accumulative amount cannot exceed USD 50,000 (exclusive) or equivalent foreign currency. There is no annual quota control.
Do companies have to pay taxes on remittances abroad? They have to pay taxes, and so do foreign payments under service trade. However, if the amount is less than the equivalent of $30,000, the bank will not review the tax certificate of external payment, and banks above 30,000 will require tax certificates.
How to write the question of domestic remittance to foreign countries should be accurately filled in according to the actual remittance situation, and should be consistent with the nature of "remittance purpose"
Overseas remittance: both cash and cash can be remitted abroad in the past, but there is a conversion fee for cash remittance.
The other party's information needs to know the other party's name, country code, bank and other information when remittance is made abroad.
The annual remittance limit in China is 50,000 yuan. Those who exceed the quota must apply to the foreign exchange bureau.
Handling fee One thousandth of the handling fee is charged for overseas remittance, with a minimum of 20 RMB and a maximum of 250 yuan RMB; There is also a telegram fee, such as 150 dollars.
Overseas remittances arrive at different times, some in 10 minutes (such as Western Union), and some in 7 days.
Where the bank settlement payee is located, there needs to be a bank with a settlement center, otherwise remittance cannot be made.
The handling fee for personal telegraphic transfer abroad is 1. Ordinary customers of Ping An Bank: the remittance amount is 0. 10%, with the lowest 50 yuan per transaction and the highest 500 yuan per transaction.
2. Electronic channels for ordinary customers of ICBC: 0.08% of remittance amount, with a minimum of 40 yuan and a maximum of 208 yuan per transaction.
Ordinary customers: 0. 10% of the remittance amount, with the lowest 50 yuan per transaction and the highest 260 yuan per transaction.
3. Alipay remits money to the bank. Ordinary customers: 50 yuan/pen.
4. Ordinary customers of Bank of Communications: 0. 10% of remittance amount, with the lowest 20 yuan per transaction and the highest 250 yuan per transaction.
5. Ordinary customers of Huaxia Bank: the remittance amount is 0. 10%, with the lowest 20 yuan per transaction and the highest 200 yuan per transaction.
6. Ordinary customers in Bank of Ningbo: the remittance amount is 0. 10%, with the lowest 20 yuan per transaction and the highest 200 yuan per transaction.
7. Ordinary customers of Jiangsu Bank: the remittance amount is 0. 10%, with the lowest 20 yuan per transaction and the highest 250 yuan per transaction.
8. Ordinary customers of Shanghai Pudong Development Bank: the remittance amount is 0. 10%, with the lowest 50 yuan per transaction and the highest 250 yuan per transaction.
9. Ordinary customers of Minsheng Bank: the remittance amount is 0. 10%, with the lowest 50 yuan per transaction and the highest 200 yuan per transaction.
Ordinary customers' online banking and mobile banking: 0.05% of the remittance amount, with the lowest 25 yuan per transaction and the highest 100 yuan per transaction.
10. Ordinary customers of Postal Savings Bank: 0.08% of the remittance amount, ranging from 20 yuan to 200 yuan.
1 1. Ordinary customers of China CITIC Bank: the remittance amount is 0. 10%, with the lowest 20 yuan per transaction and the highest 250 yuan per transaction.
12. Ordinary customers of Agricultural Bank: the remittance amount is 0. 10%, with the lowest 20 yuan and the highest 200 yuan per transaction.
13. Ordinary customers of China Construction Bank: remittance amount is 0. 10%, with the lowest in 20 yuan and the highest in 300 yuan.
14. Ordinary customers of Industrial Bank: the remittance amount is 0. 10%, with the lowest 50 yuan per transaction and the highest 200 yuan per transaction.
Gold card customers: 0.05% of the remittance amount, with a minimum of 50 yuan and a maximum of 200 yuan.
Platinum and black gold customers: free of charge
15. Ordinary customers of China Bank: 0. 10% of the remittance amount, with the lowest 50 yuan per transaction and the highest 260 yuan per transaction.
16. Ordinary customers of China Everbright Bank: 0. 10% of the remittance amount, with the lowest 20 yuan per transaction and the highest 250 yuan per transaction.
Wealth customers: 0. 10% of the remittance amount, with the lowest 20 yuan per transaction and the highest 250 yuan per transaction.
Quasi-private customers: free of charge
17. Ordinary customers of China Guangfa Bank: 0. 10% of remittance amount, ranging from 20 yuan to 200 yuan.
18. Ordinary customers of Shanghai Bank: the remittance amount is 0. 10%, with the lowest 50 yuan per transaction and the highest 500 yuan per transaction.
19. Ordinary HSBC customers: 0. 10% of the remittance amount, with a minimum of 100 yuan per transaction and a maximum of 500 yuan.
20. China Merchants Bank Sunflower Customer: Free.
Ordinary customers: 0. 10% of the remittance amount, with a minimum of RMB 100 and a maximum of RMB 1000.