You can't. If you want to accept foreign currency remittance by credit card, UnionPay can't accept single-currency credit card, but can only accept US dollar remittance by dual-currency credit card.

Credit card profile:

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to the credit card that the issuing bank gives the cardholder a certain credit limit, and the cardholder can spend first and then repay. Quasi-credit card refers to a credit card in which the cardholder deposits a certain amount of reserve fund according to the requirements of the bank, and when the reserve fund is insufficient to pay, it can be overdrawn within the credit limit stipulated by the issuing bank.

Brief introduction of dual-currency credit card:

Dual-currency credit cards are credit cards with RMB and USD settlement accounts, and their functions are basically the same as those of single-currency credit cards. Dual-currency debit cards also have RMB and USD settlement accounts, which can be used for deposit and withdrawal and consumption of RMB and USD without overdraft function. Therefore, many domestic banks have successively cooperated with international bank card organizations such as VISA and MasterCard to launch bank cards with RMB and USD settlement functions. In China, RMB settlement can be realized through UnionPay. After going abroad, you can spend and withdraw cash at ATMs of merchants and banks that support Visa or MasterCard, and settle in US dollars.

Definition of credit card overdraft:

Credit card overdraft is a short-term overdraft given by the credit card issuer to the cardholder within the prescribed limit when shopping with the card. For credit cards, it is allowed to "consume first, then repay", and overdraft is an important feature. For debit cards, it should be "deposit first, then spend", but on the premise that it is recognized as goodwill overdraft and repayment is guaranteed, the cardholder is also allowed to overdraw an appropriate amount in a short time when the money is urgently needed. Overdraft interest is generally much higher than bank loans in the same period, and card issuers also have a set of measures to prevent and recover overdraft risk losses.

Definition of credit limit:

Credit line, also known as "credit line", refers to a certain amount of credit line granted by banks to their basic customers, that is, enterprises can recover so much money within a specified time. On the one hand, it solves the short-term difficulties of enterprises, improves the speed of enterprise capital turnover, and also improves the efficiency of enterprise capital use.

How to settle foreign exchange by credit card?

You can change the foreign exchange in your card into RMB through mobile banking.

Please log in to the mobile banking, select the "Favorites-Investment and Wealth Management-Settlement and Sale of Foreign Exchange" function, and handle settlement and sale of foreign exchange according to the page prompts. The convenience quota for individual settlement of foreign exchange and domestic individual purchase of foreign exchange is equivalent to 50,000 US dollars per person per year respectively. If the convenience line is not occupied, please bring relevant supporting materials to the designated business outlets for details. Please contact the outlets in advance for details. In addition, it can also be handled through online banking and other channels.

Tips:

1. Credit cards can only handle personal settlement and sale of foreign exchange marked with paper money, and the card is required to support the currency selected for settlement and sale of foreign exchange, and overdraft is not supported for settlement and sale of foreign exchange;

2. Electronic Class II accounts and electronic Class III accounts do not support settlement and sale of foreign exchange.

(Answer time: 202 1 September 22nd, 2008. In case of business changes, please refer to the actual situation. )

Do banks in China have any regulations or restrictions on foreign currency remittance?

Domestic individuals and overseas individuals implement annual gross management (currently equivalent to $50,000 per person per year), settle foreign exchange within the annual gross, and handle personal settlement business with their valid identity documents; In addition to my valid identity documents, customers can also provide transaction authenticity certificates and handle personal foreign exchange settlement business without occupying the quota.

It should be noted that:

1. Individuals may entrust their immediate family members to handle the settlement of foreign exchange within the total annual amount on their behalf, and shall provide their identity documents, power of attorney and proof of immediate family members; In other cases, it is necessary to provide the identity documents, power of attorney and required certification materials of both parties.

2. The annual total amount shall not be used across the Gregorian calendar year, and those unused or not used up in the previous year shall not be carried forward to the next year.

3. Personal small currency exchange, online booking and other products and services are only handled in some branches. Please refer to the information provided by the Bank of China.

Extended data:

Cross-border remittance mode

1, cash

If the amount of foreign currency you can carry at one time exceeds the limit set by the State Administration of Foreign Exchange, you must apply for an exit permit to carry foreign currency and show it to the customs on your own initiative when leaving the country.

Foreign currency exit permits can be handled in banks, and the handling fee for each permit is about RMB 10 yuan. Carrying cash can be used for payment immediately, with low cost, but it is neither convenient nor safe. Once the cash is lost or stolen, it cannot be compensated. Therefore, in addition to carrying a small amount of cash, it is best to send large amounts of foreign currency by remittance.

2. telegraphic transfer

Wire transfer has many currencies, is safe, fast and universal, and can be directly remitted to the payee's account, but the cost is relatively high, which is more suitable for customers who already know the payee's name, account number and bank information and have high requirements on the time and security of remittance arrival.

The cost of wire transfer is divided into two parts, one is related to the amount of wire transfer, that is, the handling fee of 1‰, and the other is not related to the amount of remittance, but related to the number of transactions, that is, each remittance will be charged a telecom fee.

There is a big difference in fees charged by different banks, so customers can make a good comparison when choosing remittance banks. It should be noted that remittance is deducted by the intermediary bank, and it is impossible to predict the amount of deduction during the remittance process, which may lead to insufficient payment of tuition fees or study abroad deposit remittance, which may affect visa application or registration.

So try to remit as much as possible. Because there is generally the highest remittance fee, the more remittances each time, the more cost-effective. Therefore, if you have the conditions, it is recommended to remit more money at one time, not too many times, otherwise you need to pay a lot of procedures.

3. Foreign currency draft

For those who go abroad for the first time, do not have an overseas account and carry a large amount of foreign currency funds, they can use foreign currency drafts. Personal foreign currency bills can be issued in all foreign currency savings currencies opened by banks. Foreign currency bills are convenient and safe to carry and pay, and the handling fee is low, which can be reported and refunded.

However, this method has an obvious disadvantage, that is, the speed of fund arrival is slow, because the draft needs to be collected for overseas withdrawal, and the arrival time must meet the requirements of overseas accepting banks. Therefore, people with plenty of time can choose this way.

4. Traveler's checks

In Europe and America, traveler's checks are as widely used as cash, which can be used for shopping, dining and paying insurance premiums. Traveler's checks have the characteristics of cash and money orders, so they are flexible and convenient to use.

Traveler's checks also have some disadvantages: if they are not exchanged at a free exchange point, they may have to pay a certain fee; In domestic banks, you have to pay a certain handling fee, which is generally 65438+ 0% of the face value, and the top is not capped. In addition, in some economically underdeveloped countries or regions, direct consumption may not accept traveler's checks, so you should consult clearly before choosing to use them.

5. Credit card

Major domestic banks have launched international credit cards, either with both RMB and specific foreign currency accounts, or with special single foreign currency accounts, which can be used abroad. Some banks have also specially launched credit cards for international students, which can basically provide rich currency options for major countries and regions studying abroad.

Therefore, if you need to carry more foreign currency funds, you can consider depositing part of it into a credit card. However, it usually takes some time to apply for a credit card, so you should apply in advance.

Bank of China-Personal Settlement of Foreign Exchange

Baidu encyclopedia-cross-border remittance

What is the personal annual foreign exchange settlement quota?

According to the Measures for the Administration of Personal Foreign Exchange, the annual total amount of foreign exchange settlement and purchase by individuals in China is managed. The annual total amount is equivalent to 50,000 US dollars per person per year, and the validity period of the quota is from 1 to 1 per year. (The annual total amount shall not be used across the Gregorian calendar year, and those unused or not used up in the previous year shall not be carried forward to the next year for use; The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments). When the annual cumulative foreign exchange settlement and sale transaction amount exceeds the equivalent of USD 50,000, the foreign exchange settlement and sale business shall not be handled through electronic channels (when the foreign exchange is settled through online banking channels, the online banking page will display the remaining purchase/settlement amount of the customer this year, and the limit of single foreign exchange settlement and sale cannot exceed the remaining purchase/settlement amount this year).

The following situations do not occupy quotas:

① Withdrawing cash overseas by debit card does not occupy the amount of foreign exchange purchased by customers in China;

(2) Buying foreign exchange at the counter to repay credit card repayment does not occupy the amount equivalent to the personal annual total of $50,000;

③ Settlement and sale of foreign exchange through foreign exchange points;

(4) Settlement of foreign exchange at the bank counter, interest transfer and settlement of foreign exchange, etc. Less than the equivalent of $65,438+000 (including $65,438+000);

(5) foreign currency card settlement in consumption abroad;

⑥ Offshore cards withdraw RMB cash through self-service banking equipment;

⑦ Repayment of foreign exchange purchased by domestic card abroad.

Reply time: 2020- 12-03. Please refer to the latest business changes announced by Ping An Bank in official website.

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Limited by the settlement limit of 5w USD, how to convert USD into RMB?

1. Limit of individual foreign exchange purchase/settlement: According to the Measures for the Administration of Individual Foreign Exchange, the annual total amount of foreign exchange purchased by individuals and domestic individuals is managed, and the annual total amount is equivalent to USD 50,000 per person per year;

2. The validity period of the line is from 65438+ 10/to 65438+February 3 1 every year (the annual total amount shall not be used across the Gregorian calendar year, and the unused or unused line in the previous year shall not be carried forward to the next year; The State Administration of Foreign Exchange may adjust the annual total according to the balance of payments). When the accumulated annual foreign exchange settlement and sale transaction amount exceeds the equivalent of USD 50,000, the foreign exchange settlement and sale business shall not be handled through electronic channels (when the foreign exchange is settled through online banking channels, the online banking page will display the remaining purchase/settlement amount of the customer this year, and the limit of single foreign exchange settlement and sale cannot exceed the remaining purchase/settlement amount this year);

3. Minors have no special requirements, referring to the foreign exchange settlement and sale policy of domestic and foreign residents;

4. Joint accounts can also handle foreign exchange settlement and sale, because there is no control over the current foreign exchange settlement and sale system. The registration quota of safe is transmitted by folding the input certificate number (the quota is calculated according to whose certificate number is input at the counter).

Our bank does not occupy the line under the following circumstances:

1. Withdrawing cash abroad with debit card does not occupy the amount of foreign exchange purchased by customers in China;

2. Buying foreign exchange at the counter to repay credit card repayment does not occupy the amount equivalent to $50,000 in the personal annual total;

3. Settlement and sale of foreign exchange through foreign exchange points;

4. Settlement of foreign exchange below $ 100 (including $100), such as settlement of foreign exchange at bank counters and settlement of foreign exchange by interest transfer;

5, foreign currency card settlement in consumption abroad;

6. Overseas cards withdraw RMB cash through self-service banking equipment;

7. Repayment of foreign exchange purchased by domestic card abroad.

Tips: The above contents are for reference only. Please refer to the latest announcement of the State Administration of Foreign Exchange for specific provisions.

Response time: 2021-10-15. Please refer to the latest business changes announced by Ping An Bank in official website.

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Transaction limit of personal online banking settlement and sale of foreign exchange of Bank of China.

E-banking channel only supports the settlement and purchase of foreign exchange for the occupied limit within my current limit. When handling personal foreign exchange settlement and sale transactions through personal online banking and mobile banking, the amount of foreign exchange settlement and sale for ordinary customers and pre-concerned objects who have signed the risk warning letter this year is equivalent to 50,000 US dollars per person per year respectively.

1. Bank settlement and sale of foreign exchange refers to the settlement and sale of foreign exchange handled by banks for customers and themselves, including the performance of forward settlement and sale of foreign exchange and the exercise data of options, excluding the transaction data of inter-bank foreign exchange market. The statistical time of bank settlement and sale of foreign exchange is when RMB is exchanged with foreign exchange.

Among them, foreign exchange settlement refers to the sale of foreign exchange by foreign exchange owners to designated foreign exchange banks, and foreign exchange sale refers to the sale of foreign exchange by designated foreign exchange banks to foreign exchange users. The difference between settlement and sale of foreign exchange is the difference between settlement and sale of foreign exchange.

The difference between the settlement and sale of foreign exchange banks will be traded in the inter-bank foreign exchange market through banks, which is a major source of changes in China's foreign exchange reserves, but it does not mean the increase or decrease of foreign exchange reserves.

2. China's foreign exchange market is divided into two levels:

The first level is the retail market between customers and designated foreign exchange banks, also known as the bank settlement and sale market;

The second level is the inter-bank market where banks buy and sell foreign exchange, also known as the inter-bank foreign exchange market, including transactions between banks and between designated foreign exchange banks and the central bank.

Bank settlement and sale of foreign exchange market is China's foreign exchange retail market. Under the system of foreign exchange settlement and sale, the bank handling foreign exchange settlement and sale business is the designated foreign exchange bank. Designated foreign exchange banks shall, according to the benchmark exchange rate published by the People's Bank of China, determine the exchange rate within the prescribed scope, and handle foreign exchange settlement and sale business for enterprises and individuals.

3. Trading limit refers to the commodity trading limit of the number of futures contracts that everyone can buy and sell every day in the futures market.

According to the credit status of the cardholder, the issuing bank gives the cardholder the transaction limit of each credit card used. Business exceeding the trading limit must be authorized by the issuing bank and accepted by special merchants and business institutions. The trading limit of specialized banks is stipulated according to different trading types and cards. In a sense, the transaction limit is actually the authorized limit of a special merchant or commercial organization, that is, credit card transactions exceed the authorized limit and must be consulted for authorization.

This concludes the introduction of credit card settlement limit and credit card settlement limit. I wonder if you found the information you need from it?