What are the introductions and precautions for studying abroad?

Where to exchange money for studying abroad:

Residents who want to 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 approval of SAFE, you can exchange RMB into foreign currency at the local China Bank.

Introduction to the specific process of studying abroad for foreign exchange:

First, bring your passport, admission notice, ID card and other supporting materials to the local foreign exchange administration for foreign exchange examination and 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.

Foreign exchange quota for studying abroad:

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.

Conversion between different foreign exchange currencies:

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

Please pay special attention to:

Please don't go to the black market to exchange foreign currency. First, the price difference loss is relatively large; Second, the authenticity of currency is difficult to argue and it is easy to be deceived.

Precautions for taking foreign exchange out of the country:

According to the regulations of China, ordinary residents are not allowed to take more than $2,000 in cash out of the country. Otherwise, it will be very troublesome to be found out when leaving the country. However, if you have a Foreign Exchange Entry and Exit Permit, you can generally carry no more than $65,438+00,000 in cash with you. Specific practices are as follows:

1. If the carrying amount is less than $2,000 (including $2,000), it is not necessary to apply for the Import and Export Permit for Carrying Foreign Exchange (hereinafter referred to as the Carrying Permit), and the customs will allow it to be released.

2. When carrying US$ 2,000 to US$ 4,000 (including US$ 4,000), the bank will issue a "carrying card" with the carrier's passport, valid visa and other materials, and stamp the "carrying card" with the bank seal, and the customs will release it with the "carrying card" stamped with the bank seal.

3. When carrying more than US$ 4,000, the carrier should first apply to the bank for a "carrying card" with passport, visa and other related materials, and then apply to the foreign exchange bureau where the bank is located for approval with the "carrying card" stamped with the bank seal and related materials. The foreign exchange bureau shall verify the authenticity of the source and use of the foreign exchange it carries. After verification, the certificate of carrying issued by the bank shall be stamped with the seal of approval of the foreign exchange bureau. Customs clearance shall be based on the "Carrying Certificate" stamped with the seal of the bank and the approval stamp of the foreign exchange bureau.

Generally speaking, entry-exit personnel are not allowed to carry more than $65,438+00,000 in foreign currency cash. If it is really necessary to take foreign currency cash with the equivalent value of 10000 or more out of the country due to special reasons, the carrier shall apply to the foreign exchange bureau where the deposit or foreign exchange purchase bank is located. The foreign exchange bureau strictly examines the source and use of its foreign exchange and issues approval documents to banks when necessary. The bank shall issue a "carrying certificate" with the approval document of the foreign exchange bureau. The carrier shall go to the foreign exchange bureau with the Certificate of Carriage and affix the seal of approval of the foreign exchange bureau. Customs clearance shall be based on the "Carrying Certificate" stamped with the seal of the bank and the approval stamp of the foreign exchange bureau.

International traveler's checks:

In order to avoid loss, leaving the country and other troubles, international students can also buy traveler's checks from China Bank after exchange, but the handling fee is relatively high.

International credit card:

International students can apply for credit cards from foreign banks and credit card institutions, such as Visa. However, due to the low income of China residents, the examination and approval procedures will be stricter. But this will avoid the trouble of carrying cash. Beijing, Shanghai, Guangzhou, Shenzhen and other big cities have similar institutions.

Bank cards and credit cards of Chinese banks;

All banks in China have their own bank cards and credit cards, and most of them can withdraw money from all countries in the world, but the procedures undertaken by payers are more expensive.

Foreign remittance:

International students who have accounts abroad can remit foreign exchange to their domestic accounts, but they must report to the local people's bank for approval and obtain remittance vouchers. In this way, international students can save all the trouble of carrying cash out of the country, but they need to pay a certain formalities fee to the remittance bank.

Documents required for studying abroad and exchanging foreign exchange:

My valid passport and visa. If it is the first time to leave the country, you need to provide an exit registration card.

Certificate or letter of introduction from the work unit. If there is no unit certificate or letter of introduction, you can open a foreign exchange certificate at the street office where your account is located.

My ID card or household registration book. If it is an agent for others, in addition to the above documents, it should also provide the agent's certificate, that is, the agent's ID card.

I also need a copy of my admission notice to study abroad.

A copy of the settlement visa is also required to settle abroad.

Business exit also needs to provide an official letter that can prove business exit.

Those who hold multiple round-trip visas and have multiple situations within one year (except those who hold multiple round-trip passes to Hong Kong and Macao) must also provide exit air tickets or train tickets each time they purchase foreign exchange.

Matters needing attention in studying abroad for exchange of foreign exchange

1) No matter where you apply for your passport and visa, you must go through the foreign exchange formalities at the branch of China Bank where your account is located. In order to facilitate foreign residents who leave the country directly after visa exchange, if the interval between visa date and departure date (subject to air ticket or train ticket) is within 3 days, they can exchange money at Bank of China Beijing Branch with their passports, visas, ID cards, exit tickets or train tickets.

2) Those who study abroad for bachelor's degree or above at their own expense can apply for the exchange of tuition and living expenses for the first academic year, and the tuition and living expenses for the future will not be included in the exchange scope.

3) Holders of one-time travel passports should go through the formalities of exchange with the relevant departments.

4) Holders of multiple round-trip passes to Hong Kong and Macao who leave the country for multiple times within one year can only exchange foreign exchange once.

5) If you want to exchange foreign exchange, you should do it before you leave the country, and don't reissue it afterwards.