Generally, it takes 1-2 working days to open a new foreign exchange account, and the minimum amount is $500. But before opening an account, you should pay attention to whether the company has a registration number and whether it is standardized, otherwise it will be easily deceived.
The foreign exchange quota is the restriction that individuals can buy foreign exchange. Foreign exchange quota refers to the foreign exchange quota approved by the foreign exchange administration department for enterprises to use. When an enterprise uses foreign exchange, it shall, with the approval of the foreign exchange administration department, purchase foreign exchange cash from China Bank according to the approved foreign exchange quota and matching RMB funds. The annual personal foreign exchange purchase convenience limit is USD 50,000, and the daily cash withdrawal limit is USD 65,438+0,000. If the withdrawal exceeds US$ 654.38+RMB 00,000 on the same day, you need to report the withdrawal voucher to SAFE.