What is the amount of personal foreign exchange that can be withdrawn per day?

It should be that the daily limit for individuals to withdraw foreign exchange notes is 5,000 US dollars, and the external remittance is not subject to this amount limit if it meets the principle of actual needs.

The annual personal foreign exchange purchase facilitation quota is US$50,000 in total, and the daily cash withdrawal limit is US$10,000. If the withdrawal exceeds US$10,000 on the same day, you need to provide proof of withdrawal and report to the State Administration of Foreign Exchange. If you buy foreign exchange without withdrawing cash, you are not subject to the limit of 10,000 US dollars per day, and you can buy 50,000 US dollars at one time.

However, if the amount exceeds US$50,000, it is necessary to provide proof of actual use to the bank, and then the bank will provide it to the SAFE for declaration.

There is no limit to the amount of foreign exchange that can be withdrawn per day. As long as your foreign exchange earnings are legitimate, there are no restrictions on how much foreign exchange you can withdraw from your own foreign exchange account. However, if you do not have foreign exchange in your foreign exchange account, the upper limit of your foreign exchange purchase is that you cannot exceed 50,000 US dollars equivalent foreign exchange per person per year.

In other words, in this case, your personal forex account can only withdraw up to $50,000 equivalent of foreign exchange on the same day.

The daily limit for individuals to withdraw foreign exchange notes is 5,000 US dollars, and foreign remittances are not subject to this amount limit if they meet the principle of actual needs.

US$50,000 per person per year.

At present, the delegation of authority by the foreign exchange bureau can be handled by the bank.

The foreign exchange settlement is limited, and should not exceed 50,000 US dollars or the equivalent in foreign currency per person per year, if the amount is too large, the bank requires you to provide proof of funds**, and may not accept the remittance.

According to the regulations of the State Administration of Foreign Exchange, the personal foreign exchange savings account can only receive non-operating funds, but the specific results are subject to the review results of our bank.

1. The non-operating foreign exchange under the item of frequent non-dry remittance remitted by domestic individuals from abroad can be received through the personal foreign currency savings account opened by our bank;

2. Foreign exchange bills (such as cheques, bills of exchange, etc.) brought in by domestic individuals from abroad, if they are non-business receipts under the current account, can be collected directly in our bank and received through the personal foreign currency savings account opened in our bank;

3. If a single remittance from a domestic individual exceeds the equivalent of US$5,000, it is necessary to declare foreign-related income through the bank.

The personal foreign exchange limit is $50,000. The annual total amount of foreign exchange settlement and foreign exchange purchase by domestic individuals shall be managed. The annual total is equivalent to $50,000 per person per year, respectively.

The State Administration of Foreign Exchange may adjust the annual total amount according to the balance of payments. The settlement and purchase of foreign exchange within the annual total amount of an individual shall be handled at the bank with his/her valid identity document. The $50,000 per person per year for Chinese residents remains the same, but the exchange process has become cumbersome and regulations have become stricter.

The main characteristics of foreign exchange travel reliability are as follows:

1. Controllability.

The foreign exchange quota is only a kind of quota recorded in the account of the Bank of China, and its adjustment and transfer are only the increase or decrease of the book number of the Bank of China, and at the same time, it must also be managed and supervised by the Bank of China and the Foreign Exchange Administration Bureau.

2. Non-free circulation.

This is consistent with controllability. Foreign exchange is not a currency, nor is it a bill, and it is impossible for everyone to use it to circulate freely in the market and buy and sell it freely.

3. Value.

Foreign exchange quota is valuable, and its value is realized when the transfer is transferred. For example, when a US dollar quota is transferred out, the transferor must pay 1 yuan to the transferor, which is a manifestation of the value of the foreign exchange quota.

The annual limit for domestic individuals to purchase foreign exchange with their ID cards is US$50,000.

Precautions for cross-border remittance:

Cross-border remittance refers to the business of personal online banking customers to remit foreign exchange to the beneficiary of bank account opening outside mainland China within the prescribed limit. Cross-border remittances are time-consuming due to both telecommunication charges and handling fees. Since there is generally a maximum limit on cross-border remittance fees, it is recommended to increase the amount of a single remittance as much as possible within the maximum limit to reduce the number of remittances and save the telex fee for each remittance.

Using a credit card not only avoids the risk of foreign currency exchange, but also eliminates the need to pay foreign currency conversion fees. After applying for the main and supplementary cards, the child can use the supplementary card to consume abroad, and parents can not only repay the loan with the main card in China, but also supervise and understand the child's consumption abroad. But there are two things to keep in mind when using a credit card:

One is to pay the arrears on time, and the other is not to overdraw. <>

There are no relevant provisions, and they are determined according to the relevant state departments.

The Measures for the Administration of Individual Foreign Exchange have corresponding provisions on it:

Article 34 Individuals who purchase foreign exchange and withdraw banknotes or withdraw banknotes from foreign exchange savings accounts may handle them directly at the bank if they purchase foreign exchange or withdraw banknotes from their foreign exchange savings accounts in a single transaction or on the same day and in aggregate on the same day.

If the amount of banknotes withdrawn in a single transaction or on the same day exceeds the above-mentioned amount, the applicant shall report to the local foreign exchange bureau in advance with his valid identity certificate, proof of the purpose of the banknote withdrawal, etc. Relevant national management regulations shall be observed.

There is a quota limit.

According to the Notice of the State Administration of Foreign Exchange on Regulating Overseas Large-Value Cash Withdrawal Transactions of Bank Cards

4. For individuals holding domestic bank cards to withdraw cash overseas, the foreign currency card shall be adjusted from the equivalent of US$1,000 per card per day to the equivalent of RMB 10,000, which shall be realized by the card-issuing financial institution in its own business system; The management of RMB cards shall not exceed the equivalent of RMB 10,000 per card per day, which shall be implemented by the domestic RMB card clearing organization in its own business system.

There is a cap, and the annual cash withdrawal per person is $50,000.