Mainland Chinese residents have a limit of US $50,000 per person per year on foreign exchange facilitation, and the tuition fees and living expenses for a year of studying in western developed countries will certainly exceed this figure. Some friends asked if parents need to use their own foreign exchange quota to exchange foreign exchange, in fact, too much concern.
At present, the safe of the mainland Central Bank stipulates that the purchase of "studying abroad" projects under the individual's current account is not subject to a limit of US $50,000 a year, and that students can send money in full after presenting their tuition fee payment notice at the bank counter; And the amount of remittances will not take up the amount of 50, 000 dollars.
All you have to do is bring your ID card, passport, visa and tuition notice, use the bank counter's manual service or online bank's foreign currency remittance service. This method can be used for tuition fees including universities, private universities, language schools, secondary schools, junior high schools and primary schools.
