Remittances abroad bearing in mind the three formulas
Studied by a bank to pay tuition fees, living expenses, apply for swap procedures apply to study abroad for the first time, remittance business people seem annoyed. How to choose the appropriate remittance line? City Bank of China Ministry of personal financial experts, note well the following three formulas that can help people solve many problems of remittances abroad.
Pithy Formula One: students need to transfer materials, spot cash is not the same; carry cash, wants to open a card, remittance super-extra tube nucleus
Study at their own expense need to be prepared to prove the following materials, namely, identity card or household registration book has been completed to the countries and regions, an entry visa valid passport, or go to Hong Kong and Macau Pass, country (territory) outside the official school admission notice, country (territory) outside the school the costs of issuing notice. Studying the amount of money remitted in cash can not exceed the cost of notice on the specified standards; cash remittances to export equivalent of 10,000 U.S. dollars one-time (including 1 million), below, directly from the designated foreign exchange bank. Exceed the equivalent of 10,000 U.S. dollars will need to apply for the State Administration of Foreign Exchange Shanghai Branch.
Many students used the money to go abroad when the foreign exchange reserve of left some carry exit, as the cost of living, or pocket money. According to relevant state regulations, our residents can bring along their own less than 5000 U.S. dollars in cash or its equivalent in foreign currency cash exit clearance, higher than this limit must be at the exit to the Chinese customs show to carry cash in foreign currency card, up to a maximum equivalent of a million U.S. dollars. Study abroad staff present their passport, valid visa and foreign exchange certificates of deposit or passbook and other materials to the Bank of China open a “foreign currency to carry cards.”
Pithy Formula 2: ticket exchange, wire transfers, the benefits, the remittance route much stress
Business abroad, there are two common methods of remittance, or wire transfers, and ticket exchange. At present, many foreign schools require students to pay tuition fees for wire transfers. Students abroad through wire transfer to cover tuition fees is necessary to understand the payee name and address of the payee account number, the payee name and address of the account opening trekking and other information. Select Demand Draft only way to provide the correct name and address of the payee can be the same time, do not forget to leave the bank contact address, so that there is a problem bank remittance timely communication. The cost of living abroad in general multi-purpose way to carry ticket exchange.
Votes sinks and wire transfer fees vary. Typically, the ticket exchange much cheaper than wire transfers, but if the bill is not my exit is necessary to carry through the mail, will produce mailing costs and corresponding risks. In addition, the ticket sinks Daozhang time slower than the wire. Ticket exchange inexpensive, wire speed, both have their advantages and remittance business in consultation with the banking personnel, from their own needs and perspective of the situation to the city, select the appropriate transfer mode.
Some people may find the same amount of money when the wire transfer to the same city fees and charges will differ slightly. This difference is due to pay a transit fee between banks generated, so choosing the right transfer route is an important condition for cost savings. Bank of China has a huge network of institutions abroad, customers choose the overseas collection line is the Bank of China, remittances can be avoided transit costs, and expedite the disbursement of Daozhang time.
Pithy Formula 3: Electric bill remittance fees, daily expenses of international cards; traveler’s checks to an emergency, currency conversion foreign exchange Po
Study abroad in terms of personnel, pay tuition, a large living the most convenient, efficient and safe method is wire transfer or ticket exchange. Studying abroad, while daily consumption and payment of international credit cards can be used to resolve.
Credit card payments in foreign countries is the most important tools. To the Bank of China, for example, has introduced the euro the Bank of China Credit Card, Bank of dual currency international credit cards, BOC JCB credit cards for the yen to Europe, the United States, Japan and other study populations of different credit card. BOC Great Wall International Credit Card has an interest-free repayment period of study abroad can before consumption, after the repayment, the credit card abroad within the overdraft limit consumption, and if no foreign currency to repay the overdraft facility can be used directly to purchase foreign exchange repayment yuan.
Many parents worry that their children outside the spendthrift. In view of this situation, parents can start their own Zhang international credit cards, while giving the child to do Zhang subsidiary card, through the international card control the child’s expenses, to help them develop good habits. Need to be reminded that, although overseas credit card spending by international card does not charge fees, but VISA, MAS-TERCARD organization’s member banks to apply to take the current business, or in a global affixed PLUS, CIR-RUS logo on ATM machines to withdraw local legal tender still need to pay a certain fee.