Do I need to bring 4000 RMB as a guarantee when I go abroad?

4000 may not be enough. It is recommended to take 1500~3000 USD in foreign currency cash when leaving the country, which can cover the necessary expenses on the way. However, you can't take too much. According to the current Interim Measures for the Administration of Carrying Foreign Currency Cash into and out of China, you can only carry US$ 5,000 and RMB 20,000, and you need to apply to the bank for a carrying permit of 5000- 10000.

Tips for living abroad:

foreign exchange regime

China is a country with strict foreign exchange control. Except for the foreign trade and business needs of foreign-invested enterprises, residents are not allowed to change RMB into other foreign exchange from banks at will. If you want to study abroad, travel, visit relatives, etc. You can apply for foreign exchange from the local people's bank.

Foreign exchange office

Residents who use foreign exchange for studying abroad may apply to the local foreign exchange administration (the address is the same as that of the People's Bank of China); Then with the consent of the safe; Go to the local bank in China and change RMB into foreign currency.

concrete program

First of all, bring your passport, admission notice, ID card and other supporting materials to the local foreign exchange administration for foreign exchange approval; Then, with the foreign exchange approval certificate from the SAFE, you can exchange money at the personal business department of the local China Bank. Generally, the same amount of RMB is deposited into the bank account in China, and then transferred to the Bank of China for foreign exchange. The specific process will be notified by BOC at that time.

Exchange limit

Generally speaking, the maximum amount of foreign exchange for studying abroad approved by the Central Sub-branch of the People's Bank of China (big city) in one year is 9999 US dollars; Exceeding this limit must be approved by the superior management organization. If it is not enough, the general method is to apply once a year, or wait for the approval of the superior bank.

Residents can freely exchange their own foreign exchange (convertible currencies, such as US dollars, Japanese yen, marks, Hong Kong dollars, etc.). ) Exchange foreign currency in China Bank. Without the approval of the People's Bank of China.