Domestic residents' individual purchases of foreign exchange are subject to annual total management, and the annual total is equivalent to $50,000 per person per year. Those who purchase foreign exchange within the total annual amount can purchase foreign exchange with their true identity certificate and declare their use to the bank.
Purpose of purchasing foreign exchange:
Overseas study fee, living expenses, overseas travel, business trip, visiting relatives and friends, overseas medical treatment, pilgrimage, overseas training, employment, international exchange, overseas settlement, overseas labor service, overseas mail order fee, payment of international organization dues, overseas immediate family assistance, overseas consultation and other related expenses.
Extended data
Exchange rate for purchasing foreign exchange
The purchase of foreign exchange should mainly refer to the bank's foreign exchange selling price. For example, if RMB buys dollars, it should mainly refer to the selling price of bank dollars against RMB.
currency conversion
1 USD =6.2092 RMB.
1 RMB =0. 16 1 1 USD.
Exchange rate inquiry channel:
1. Attach the foreign exchange market trend to the futures foreign exchange quotation software;
2. Major financial websites also have foreign exchange quotations;
3. You can also check the exchange rate through the foreign exchange inquiry tool that comes with your mobile phone;
4. Most mobile phone futures market software also has the exchange rate of major currencies;
Precautions:
The exchange rate is constantly changing. Please refer to the current exchange rate of the day you need when using it. The exchange of bank counters and online banking is subject to the real-time quotation at that time.
The way of purchasing foreign exchange by mobile banking, taking ICBC as an example;
For example, Huawei P30, Android system and application mall download ICBC APP, log in to mobile banking, select the "Favorites-Investment and Financial Management-Settlement and Sale of Foreign Exchange" function, and handle settlement and sale of foreign exchange according to the page prompts. If the amount of foreign exchange settlement and sale exceeds the annual total (equivalent to US$ 50,000), please take the materials to the designated outlets.
Tips:
When "non-investment insurance" is selected for the purpose of purchasing foreign exchange, the maximum amount of foreign exchange purchased is equivalent to $5,000 each.