The annual total amount management (currently equivalent to $50,000 per person per year) is implemented, and individuals purchase foreign exchange within the annual total amount, and they can purchase foreign exchange by presenting their valid identity documents.

Precautions for purchasing foreign exchange:

Foreign exchange purchased by individuals can be deposited in their domestic foreign exchange accounts, remitted abroad, or withdrawn in foreign currency cash. Individuals who withdraw foreign currency cash on the same day with a cumulative equivalent of less than $654.38 million (inclusive) can handle it directly at the bank; If the amount exceeds the above amount, it shall be reported to the local foreign exchange bureau with my identity certificate and materials for withdrawal, and the bank shall handle it for the individual with the relevant documents issued by the foreign exchange bureau.

Extended data:

Authentic documents required for China Bank to purchase foreign exchange in excess:

1. Tuition and living expenses for studying abroad at my own expense: I have a private passport and a valid visa (or endorsement); Notice of admission to overseas schools (no need to provide tuition or living expenses after the second academic year or semester); Proof of tuition or living expenses of overseas schools in the corresponding year or semester.

2. Overseas medical treatment: I have a private passport and a valid visa (or endorsement); A certificate issued by a domestic hospital with a doctor's opinion; Proof of expenses issued by overseas hospitals.

3. Overseas training: I have a private passport and a valid visa (or endorsement); Proof of overseas training expenses.

4. Payment of membership fees of overseas international organizations: notice of payment by overseas international organizations.

5. Overseas immediate family assistance: a certificate of kinship issued by the relevant department or notary office; Relevant certification materials related to the rescue.

6. Overseas mail order: charge vouchers such as advertisements or orders are downloaded online.

7. Overseas consultation: contracts (agreements), invoices (payment notices), tax vouchers, etc.

Bank of China-Individual Purchase of Foreign Exchange