Product description

Covers foreign exchange settlement and foreign exchange purchasing.

Individual foreign exchange settlement is an exchange service in which the customer sells foreign cash or spot exchange to the bank and the bank pay the customer an equivalent value of RMB according to the current forex rate.

Individual foreign exchange purchasing is an exchange service in which the customer purchases foreign currencies from the bank in his/her owned RMB (i.e. customers’ purchasing of forex) and the bank sells to the customer an equivalent value of the foreign currency according to the current forex rate(i.e. bank’s sale of forex).

Target customers

Domestic customers: Chinese citizens with PRC Concerning Resident Identity Cards (temporary card holders inclusive), servicemen's identity cards and armed policemen's identity cards. Foreign customers: passport-holders, Mainland Travel Permit for Hong Kong and Macau Residents and Mainland Travel Permit for Taiwan resident (stateless person inclusive), as well as Compatriots of Hong Kong, Macao and Taiwan.

Service channel

CCB operates an individual exchange settlement and sales services processing network.

Currency types

CCB handles individual exchange settlement and sales in currency types including USD, JPY, HKD, EUR and GBP. Please consult the processing network for details.