Personal Exchange

Individual Foreign Exchange Settlement


    1.What is individual foreign exchange settlement and sales?
        Individual foreign exchange settlement refers to the business of converting foreign currencies to Renminbi by individuals.

    2. Which foreign currencies are accepted in managing individual foreign exchange settlement and sales?
        BOJ deals with USD, HKD, JPY, GBP, EUR, CAD, AUD, etc.

    3.Who does the service serve for?
        The service serves for inbound and outbound individuals.

    4.What is the quota limit of individual foreign exchange settlement and sales?
        Inbound individuals refer to Chinese citizens with Identity Card of the People's Republic of China, temporary ID Card, household book indicating the ID Card number (only for childre under 16), soldier identity card, or armed police identity card.
        Outbound individuals refer to foreign citizens and fellow countrymen from Hongkong, Macao and Taiwan with foreign passport, Mainland Travel Permit for Hong Kong and Macau Residents, or Mainland Travel Permit for Taiwan Residents

    5.How to subscribe for the service?
        When managing individual annual total foreign exchange amount settlement and sales, simply by filling out the Application for Individual Foreign Exchange Settlement and Sales with effective personal identity card. If you manage on behalf of your direct relatives (parents, children, spouse), you are required to provide both your and the entrustor's effective ID card, certificate of direct relative relationship and authorization.
        If that exceeds the individual annual amount, you may need to go to the bank with effective individual ID card and related identification material conforming to regulations of the State Administration of Foreign Exchange.

    6.How much is the price in managing individual foreign exchange settlement and sales?
        Because our bank adopts changing exchange rates policy, therefore, please refer to the real-time situation in the financial market to make adjustments,

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