Provisions on remittance abroad

It is stipulated that individual remittances abroad (including foreign exchange receipt and settlement) cannot exceed 5, USD per person per year. If the amount exceeds, the surplus amount will not be settled until the next year. You can also transfer the surplus USD to another person's account for settlement or take out USD cash to settle in cash in the name of another person.

2. Declaration of funds

At present, China has strict supervision over the use of funds for cross-border payment of foreign exchange.

all cross-border remittances need to be declared, including individual cross-border remittances.

the contents of the declaration include: payee information, the purpose of remittance and the amount of remittance;

3. Notes on the application of funds

According to the national regulations, there are many purposes that can be remitted abroad, such as personal travel abroad, business trip, study abroad, shopping, gifts, alimony, etc. These purposes can be remitted. However, it is forbidden to buy houses, life insurance, funds and stocks abroad under capital.

individuals are responsible for the information they declare, and if they are found to declare false information, they will be reported.

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Cross-border remittance refers to the business that individual online banking customers make foreign exchange remittance to the payee who opens an account in a bank outside the mainland within the prescribed limit. Cross-border remittance has both telecommunications fees and handling fees, which is time-consuming to operate.

As the handling fee for cross-border remittance generally has a ceiling, it is suggested to increase the amount of a single remittance as much as possible within the ceiling, so as to reduce the number of remittances and save the telegraph fee for each remittance.

Cross-border remittance-a list of domestic bank fees

Bank of China:

Counter: the fee is 1‰, the minimum is 5rmb, the maximum is 26rmb, and the telecommunication fee is 8rmb. Online banking: 2% off the counter fee.

Industrial and Commercial Bank of China:

Counter: the handling fee is 1‰, with a minimum of 5rmb, a maximum of 26rmb and a telecommunication fee of 15rmb. Online banking: 2% off the counter handling fee, with a minimum handling fee of 16rmb and a maximum handling fee of 16rmb: 2% off the counter handling fee.

China Merchants Bank:

Counter: the handling fee is 1‰, the minimum is 1rmb, the maximum is 1rmb, and the telecommunication fee is 15rmb. Online banking: the handling fee is 1‰, the minimum is 1rmb, the maximum is 1rmb, and the telecommunication fee is 15rmb. Note: you need to open the professional version of online banking to make foreign exchange and overseas remittance in online banking.

China Construction Bank:

Counter: the handling fee is 1‰, with a minimum of 2rmb, a maximum of 3rmb and a cable fee of 8rmb. Online banking: the handling fee is 1‰, the minimum is 2rmb, the maximum is 3rmb, and the telegram fee is 8rmb.

note: for overseas remittance through online banking, the handling fee is deducted by converting it into foreign currency, so an extra part can be exchanged as the handling fee.

Bank of Communications:

Counter: the handling fee is .6~1‰, the minimum is 2~5rmb, the maximum is 25rmb, and the telecommunication fee is 8~15 yuan. Online banking:

ordinary remittance: the handling fee is .5‰, the minimum is 2~5rmb, and the maximum is 25rmb, free of telegram fee.

fast remittance: the handling fee is .6~1‰, the minimum is 2~5rmb, and the maximum is 25rmb, and the telecommunication fee is charged by half. Note 1: Cross-border remittance can only be made by opening an online bank with U shield.

note 2: the handling fee varies according to the remittance currency, and the specific tariff standard can be consulted with the bank counter.