How To Handle Foreign Currency Traveller'S Checks?
First, a valid entry visa passport or a permit to Hong Kong and Macao can be purchased either in foreign exchange deposits or in foreign currency notes, or in foreign currency travellers' cheques. It refers to the bills sold by domestic commercial banks, printed by overseas banks or specialized financial institutions, issued by institutions as final payers, convertible currencies in fixed currency and fixed denominations. When a resident is buying, he must sign his cheque, and only sign it again when changing money.
The circular issued by the State Administration of foreign exchange on issues related to the management of foreign currency traveller's checks and consignment was formally implemented yesterday. How do domestic residents purchase foreign currency traveler's checks? What is the role of traveler's checks in multinational business? The reporter interviewed the head of the retail business department of Shanghai branch of Bank of China.
The characteristics of traveller's checks are travellers' cash with good liquidity and permanent validity. If you can't use it, you can reserve it for the next time, or pay a certain fee for the cash, and you don't have to worry about losing the traveler's check. You can get a new traveler's check if you go to the designated organization by passport and purchase contract. Compared with the credit card, the traveler's check will only be charged (0.75% in the domestic case), which is sometimes free in the United States, and the credit card now has to pay 3% to 4% of the handling fee. Travellers' checks are a good choice for those who occasionally go abroad. Especially for the old people and students studying abroad, choosing traveler's checks can save a lot of trouble. The advantage of traveler's checks is more obvious when large amount of cash is needed.
At present, travellers' cheques are available in the world, such as AMERICAN EXPRESS, VISA and THOMASCOCK, and the above traveler's checks printed with the words of the Bank of China can be exchanged for more than 800 travellers' checks in the world or directly used in large shops and hotels in various countries. Traveler's checks have different faces. Take the US dollar check as an example, it is divided into 20 yuan, 50 yuan, 100 yuan, 500 yuan and 1000 yuan. In addition to the most commonly used US dollar traveler's checks, customers can also buy travellers' cheques in euros, pounds, yen, Australian dollars and other currencies in Shanghai branch of the Bank of China, as required, avoiding unnecessary exchange rate losses caused by the exchange of local currency.
The purchase of traveler's checks, according to the notice of the safe, allows individuals in the territory to purchase foreign currency traveler's checks in funds or foreign currency notes in foreign exchange deposit accounts, or to purchase foreign currency traveler's checks in Renminbi or in Renminbi. The residents of this Municipality may, on the basis of their valid identity cards, complete their passports valid for entry to the country or region, or pass to Hong Kong and Macau, purchase the equivalent traveler's checks in the foreign exchange account with major banks such as Bank of China. If they are purchased with foreign currency cash, they also need to provide proof of their legitimate foreign exchange sources such as bank withdrawal certificates.
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