Knowing how to exchange Hong Kong dollars at the Bank of China, as well as the associated precautions, is a must-have skill for those who travel frequently between mainland China and Hong Kong. Below, we will take a closer look at the Bank of China's HKD exchange process, quota restrictions, and other things to keep in mind.
1. Redemption process
Book in advance: Make an appointment via ** or online banking to ensure you get service quickly when you need it. **When making an appointment, explain the requirements to the customer service staff and make an appointment for the redemption time and amount. When making an appointment for online banking, go to Bank of China's online banking, find the HKD exchange appointment in the options such as "Foreign Exchange Services" or "**Foreign Exchange Purchase", and fill in the relevant information according to the prompts on the page.
Go to the Bank of China counter: It is recommended to choose a Bank of China branch near your city or destination for exchange. Please bring a valid ID, such as an ID card or passport.
2. Quota Restrictions
There is a limit to the amount of HKD that can be exchanged by Bank of China. The maximum exchange limit for individuals is HK$50,000. You can apply for it at BOC outlets or mobile banking with your valid identity documents, and you can purchase or settle foreign exchange equivalent to less than US$50,000 (inclusive) per person per year within the annual facilitation quota. If the annual facilitation quota is exceeded, please present your valid ID card and relevant supporting materials to the bank.
3. Precautions
You need to have a valid ID, such as an ID card or passport, and exchange it within the annual foreign exchange purchase limit.
Exchanges need to be made during the business hours of Bank of China, generally Monday to Friday at 9:001702658710283698787:00, week.
6. It is not available on Sundays and statutory holidays.
The exchange rate will be based on the real-time exchange rate of the day, and the exchange rate will fluctuate according to the changes in market supply and demand.
You can check the exchange rate changes through mobile banking or online banking, and choose the right time for exchange.
Please be sure to pay attention to safety and usage regulations. Take good care of important items such as cash and bank cards to avoid loss or theftAt the same time, pay attention to checking the transaction information when using the bank card to ensure that the transaction is safe and reliable.
Hopefully, through the introduction of this article, you have a deeper understanding of the process and precautions of exchanging Hong Kong dollars with Bank of China. When you need it, you'll be able to redeem it quickly and accurately, avoiding unnecessary hassles. If you have any questions or need further information, we recommend that you contact the official customer service of Bank of China directly. (All the best!)) to exchange for Hong Kong dollars