How do personal accounts receive US dollars?

According to foreign exchange management and banking regulations, personal accounts can accept US dollars, which requires the following steps:

1. You need to hold your ID card to open a foreign currency account in your local bank, open a current all-in-one account in local currency and foreign currency, and receive foreign currency remittances free of charge.

2. In order to fill in the money order, inform the payee information of the other party in time, including the account user name, account number, English name of the opening bank, etc.

3. Wait two working days for the remittance to arrive. However, if the remittance belongs to overseas income, it should be filled in according to the tax system.

1. Remittance funds belong to non-operating foreign exchange income of current account.

Non-operating foreign exchange income refers to capital income that is not engaged in trade and does not belong to capital. For example, the wages earned by domestic individuals working abroad. At this time, the funds can be directly remitted to the personal account.

2. Remittance funds belong to foreign exchange income from current account operation.

It is the income generated from foreign transactions.

If so, the payee is now a foreign trade operator. Personal operating foreign exchange income is co-ordinated by institutions, and it is no longer personal foreign exchange business.

2. Foreign exchange income from capital account

Domestic individual buying and selling shareholding strategy, as well as foreign exchange income as profit dividends, can only be terminated after the funds are remitted to the foreign remittance related accounts opened by their companies or relevant domestic institutions, and of course, the original currency can also be transferred to the foreign exchange savings account owned by each employee.

Independent individuals in China are the beneficiaries of insurance, so they can get all the compensation in person, or they can deposit it in their foreign exchange savings account and settle foreign exchange. The foreign exchange income of other capital projects shall be handled according to the different purposes of foreign exchange management of capital projects and related strategic measures.