How to open an individual foreign exchange settlement account? Can you settle 5 million? 10

You should be talking about the model in Yiwu, provide the necessary information and materials to apply for a local individual industrial and commercial household, and then use this individual industrial and commercial household to open an account in a local bank that can provide foreign exchange settlement services, and then you can start to settle foreign exchange, the general process is like this.

The main details are, first of all, there will be a part of the cost of opening an account, and then if it is still a large amount of foreign exchange settlement, there is still a certain risk, the bank is still strict in the supervision of money laundering or other non-** behaviors, if you need to provide information at that time, it will be very troublesome.

In addition to Yiwu, there is also a fast settlement platform in Chongqing, which costs nothing to open an account, and the information provided is also in the first mode, which is more convenient and fast.

Frequently Asked Questions]:

1. Why can Yiwu individual industrial and commercial households settle offshore accounts with large amounts of foreign exchange?

Answer: Yiwu is China's only international comprehensive reform of the financial pilot city, the implementation of personal foreign exchange management reform pilot, explore cross-border e-commerce foreign exchange settlement facilitation mechanism, deepen the personal cross-border RMB pilot, promote the development of offshore business, accelerate the innovation of financing products, cultivate the first chain of financial service platform, accelerate the gathering of various financial institutions, and actively explore the construction of the first credit system.

Yiwu is a worldwide small commodity market, therefore, in order to meet the needs of many local small and medium-sized enterprises, the financial settlement of individual industrial and commercial households and small and medium-sized enterprises has been innovated and reformed, and a certain amount of foreign currency settlement can be carried out every year.

2. Is there any limit on the foreign exchange settlement quota? Is it risky?

Answer: The policies of different banks are slightly different, for example, the annual settlement of foreign exchange by the Agricultural Bank of China does not exceed 5 million, and the settlement of foreign exchange by the Chouzhou Commercial Bank is generally unlimited.

At present, the foreign exchange settlement operation is risk-free, and the formal foreign exchange settlement is carried out through the bank.

Conditions of Registration:1The legal person's identity document shall provide a photocopy of the ID card, front and back, which must be clear.

2.Scope of business.

1) Handicrafts, clothing, office supplies, accessories, toys, daily necessities, mechanical accessories, electronic products, auto parts, lamps, you can choose any three.

2) The business scope does not affect the settlement of foreign exchange.

3.1) The name of the self-employed person shall be randomly verified by the notice of pre-approval by the Industrial and Commercial Bureau, and the name shall not be taken independently.

2) Name such as: Yiwu xx commercial bank Yiwu xx e-commerce commercial firm.

4.1) The name of the self-employed person shall be randomly verified by the notice of pre-approval by the Industrial and Commercial Bureau, and the name shall not be taken independently.

2) Name such as: Yiwu xx commercial bank Yiwu xx e-commerce commercial firm.

Find the bank cards of three or four people and pay 150,000 yuan separately to these three or four people. As long as these people have foreign exchange income in their accounts before, the bank will automatically settle the foreign exchange after receiving the money.

Find three relatives in the family to go to the bank to settle foreign exchange.

Transfer your foreign currency to your immediate family account, and then settle the exchange.

It can be solved through the collection and settlement of foreign exchange by banking institutions and payment institutions.

In February 2013, the State Administration of Foreign Exchange (SAFE) issued the Circular of the General Department of the State Administration of Foreign Exchange on Launching the Pilot Program of Cross-border E-commerce Foreign Exchange Payment Business for Payment Institutions. To handle such business, payment institutions must cooperate with domestic banks to open foreign exchange reserve accounts and handle centralized payment of cross-border funds through this account; On the other hand, domestic cooperative banks are required to settle and sell foreign exchange and restore the balance of payments in accordance with the current foreign exchange management regulations according to the transaction details provided by the payment institutions.

That is to say, for individuals or merchants who are affected by the foreign exchange settlement quota without import and export authority, they can solve the problem of the personal foreign exchange settlement quota limit of 50,000 US dollars through the ** foreign exchange collection and settlement business of banking institutions and payment institutions, and you only need to be able to provide transaction details, and merchants or individuals with specific ** background can enjoy such foreign exchange settlement discounts.

General banks, recommended Bank of China can be opened directly, local and foreign currency all-in-one is that your friends from other places or abroad can directly remit US dollars or RMB to this account

The Measures for the Administration of Individual Foreign Exchange clearly state that individuals should open foreign exchange settlement accounts when they handle the receipt and payment of foreign exchange funds. After the commerce department handles the registration and filing of the foreign business right, the receipt and payment of foreign exchange funds when the individual foreign business operator engages in the import and export of goods shall be handled by the institution; After carrying out industrial and commercial registration or going through other practice procedures, individuals can entrust enterprises with foreign business rights to receive and pay, transfer and settle foreign exchange funds under import and export, tourism and shopping, border small amounts, etc. That is to say, as long as the relevant regulations are met, there is no limit on the total amount of foreign exchange under the personal real **, whether it is foreign exchange settlement or foreign exchange purchase, and it will be handled according to actual needs.

At present, China has realized the convertibility of RMB under the current account, but the necessary controls are still implemented on the capital account, and the authenticity of the management of foreign exchange receipts and expenditures under the current account is still being reviewed. Since May this year, the annual total amount of foreign exchange purchases by domestic individuals has been managed, which has greatly simplified the vouchers and procedures for individual foreign exchange purchases, and has achieved good results. According to statistics, from May to November this year, the amount and number of individual foreign exchange purchases increased by 210% and 255% respectively over the same period last year.

This time, the management of individual foreign exchange settlement has been changed from the management of a single transaction limit to the implementation of annual total amount management, and the policy of managing individual foreign exchange settlement and foreign exchange purchase has been unified, which will greatly simplify the relevant procedures, facilitate individual foreign exchange settlement, and improve the efficiency of supervision. According to the new policy, within the annual total, individuals can apply directly at the bank with their valid identity documents, which will be very simple compared with the previous case-by-case review method. If the total amount exceeds the annual amount, the foreign exchange funds under the current account need to be settled by the individual to provide relevant supporting materials with the transaction amount, and the bank will review and settle the foreign exchange; The capital account shall be subject to the approval of the foreign exchange administration department.

When an individual handles the receipt and payment of foreign exchange funds, he or she shall open a foreign exchange settlement account. After the commerce department handles the registration and filing of the foreign business right, the receipt and payment of foreign exchange funds when the individual foreign business operator engages in the import and export of goods shall be handled by the institution; After carrying out industrial and commercial registration or going through other practice procedures, individuals can entrust enterprises with foreign business rights to receive and pay, transfer and settle foreign exchange funds under import and export, tourism and shopping, border small amounts, etc. That is to say, as long as the relevant regulations are met, there is no limit on the total amount of foreign exchange under the personal real **, whether it is foreign exchange settlement or foreign exchange purchase, and it will be handled according to actual needs.

Excerpt from: Tong--- Hui - International ---.

Hello, at present, Yiwu personal foreign exchange settlement account is the best to use, because of the national policy support.

Individual foreign exchange accounts are divided into foreign exchange savings accounts, foreign exchange settlement accounts, and capital account accounts according to the nature of transactions.

When opening a foreign exchange savings account in a bank, an individual shall present his or her valid identity certificate, and the name of the account opened shall be consistent with the name recorded on his or her valid identity document.

The foreign exchange settlement account refers to the account opened by the individual foreign business operator and individual industrial and commercial household in accordance with the provisions for handling the operating foreign exchange receipts and expenditures under the current account, and its opening, use and closure are managed according to the institutional account, that is, the individual foreign business operator and individual industrial and commercial household (or those who need to change the information after opening the account) shall first go to the foreign exchange bureau for basic information registration (or change) with the industrial and commercial business license or other practice certificate and the organization certificate. Then apply for an account with a designated foreign exchange bank; When the account is closed, the account will be closed according to the information required by the bank. The opening of foreign exchange accounts under capital accounts, such as special investment accounts, special purpose vehicle accounts and special accounts for investment and mergers and acquisitions, as well as the domestic transfer and remittance of funds in these accounts shall be subject to the approval of the foreign exchange bureau. 

Regarding the settlement of foreign exchange accounts in Yiwu individual banks have been suspended to open accounts, only for locals to open accounts, only other individual banks can still open accounts, policy tightening changes, there is no doubt that the process of opening an account will be relatively slow, bank account opening requirements are becoming more and more stringent and only individual banks can temporarily open accounts for outsiders, and it is not as serious as the Internet, as long as the conditions and requirements for opening an account are met, I come to Yiwu to open an account, it will not be much slower, and all other policies still have no impact.

The registration of Yiwu individual industrial and commercial households can quickly solve the problem that large amounts of funds in offshore accounts cannot be settled, and the registration of Yiwu individual industrial and commercial households is simple and the maintenance cost is low, avoiding the trouble of multi-account personal settlement of 50,000 yuan.

1.Provide a copy of the registrant's (mainlander's) identity certificate, or take a clear photo of the front and back;

2.Registered address** provided by the company, must be the address of Yiwu, an independent address for a customer;

3.The business is more than three or less than three in the range of reed cracks (later than the handicrafts; daily necessities; Clothing; Jewelry, etc.), Sun closed: Settlement of foreign exchange, withdrawal of mobile phone online banking can be operated, no need to provide cumbersome documents.

4. The account supports TT wire transfer, PayPal, and major cross-border e-commerce platform withdrawals.

About the operation of opening an account for self-employed individuals:

After opening an account, the bank will give the handler a self-employed account, and the customer also needs to apply for a personal card with an identity card in the same bank to open an account and open online banking or mobile banking. If the customer has US dollars to settle foreign exchange, directly into the account of the self-employed person, and at the same time contact the bank account manager, the bank account manager will help the customer handle the foreign exchange settlement procedures according to the amount of the agreement previously deposited in the bank, after the foreign exchange settlement, it will be directly transferred to the personal savings card opened by the associated customer at that time, and the RMB after foreign exchange settlement can be operated at will according to the customer's requirements.

Many friends who do foreign trade have begun to choose to register Yiwu self-employed individuals and handle unlimited settlement accounts because of the problem of insufficient settlement quota, but for friends who handle Yiwu self-employed people will still encounter a lot of problems.

1.What information do I need to register as a self-employed person in Yiwu?

Answer: Registering a self-employed person in Yiwu is actually very simple, and you only need to provide the front and back of your ID card.

2.Do I need to come to Yiwu in person to register Yiwu self-employed?

Answer: To register Yiwu self-employed people, you don't need to come to Yiwu in person, you can directly find a local ** in Yiwu.

3.Do registered Yiwu self-employed individuals need to file accounts and tax returns in the later stage?

Answer: Registered Yiwu self-employed individuals do not need to do accounting and tax declaration in the later stage, as long as the annual review is done before June 30 every year.

4.What are the main uses of Yiwu self-employed people.

Answer: The main uses of Yiwu individual households include unlimited settlement of US dollars, foreign exchange collection, PayPal withdrawal, Chengxin Tong, eBay, Payoneer withdrawal. It should be noted here that the settlement and collection of foreign exchange in this account are not controlled.

5.Why is the withdrawal of PayPal account bound to Yiwu individual account not rejected by the bank?

A: The reason why the bank rejects the withdrawal request of PayPal users is because of the country's strict control of foreign exchange. However, the account is not subject to the country's foreign exchange restrictions, so withdrawals are completely successful. There is no such thing as a rejection.

6.Does PayPal need to provide supporting materials to the bank for withdrawal operations by binding Yiwu individual accounts?

Answer: No, cash withdrawal and settlement are operated through online banking, and there is no need to provide cumbersome documents. The settlement will be credited within 48 hours.

7.Can you do these things through online banking without going to the counter?

Answer: There is an online banking settlement, and you don't need to come to the counter.

8.Can I remit funds to my account in Hong Kong dollars? Or does it have to be dollars?

Answer: If you need to receive Hong Kong dollars, you can talk to the bank to open this currency. It can be in US dollars, euros, pounds, Korean won, Australian dollars, Japanese yen, etc.