If it is a China Merchants Bank account, domestic individuals can receive inward foreign exchange remittances:
If it does not involve securities investment, trade payments, etc., then remittances from overseas personal accounts can be accepted normally, and remittances from overseas company accounts can be accepted normally. You need to contact the account opening bank for confirmation.
Notes on cross-border remittances:
1. If the single amount exceeds the equivalent of 5,000 US dollars, a foreign-related income declaration is required.
2. China Merchants Bank charges no fees for depositing funds into the account. However, if overseas intermediary banks charge fees, the funds may not reach China Merchants Bank in full.
3. Cross-border remittance refers to the business of personal online banking customers conducting foreign exchange remittances within the prescribed limit to payees with bank accounts outside the mainland. Cross-border remittances have both telecommunications fees and handling fees, and the operation is relatively time-consuming.
4. Since cross-border remittance fees generally have a maximum limit, it is recommended to increase the single remittance amount within the maximum limit as much as possible to reduce the number of remittances and save the telegraph fee for each remittance.
Extended information:
Advantages of cross-border remittance:
First, it reduces the risk of loss of cash carried by oneself, and no matter how large the amount is, there is no need to apply for a "Foreign Currency "Carrying Permit" is relatively safe and convenient.
Second, you can consume first and repay later, and repayment is convenient. For international credit cards issued by some banks, you can directly deposit cash at all domestic outlets when repaying, or you can also make repayments through ATMs and online banking transfers.
The third is the cost discount. When using an international credit card, there are no handling fees for parents to deposit money domestically and for children to make purchases abroad. Using a credit card can not only avoid foreign currency exchange risks and losses, but also eliminate the need to pay foreign currency exchange fees.
Fourth, after applying for the primary and secondary cards, the children can use the secondary cards to spend money abroad. In addition to using the primary card to repay domestically, parents can also supervise and understand their children's consumption abroad. However, you must pay attention to two points when using a credit card: first, pay the balance on time, and second, do not overdraft to avoid developing the bad habit of spending money lavishly.
Baidu Encyclopedia-Cross-border repayment