Can debit cards accept U.S. dollar remittances?

Ordinary bank cards can receive foreign currency remittances.

1. Today’s bank cards can accept foreign currencies, and there is no need to open a foreign exchange account.

2. Before receiving foreign currency remittance, you need to accurately tell the other party the English address and Swift code of the account opening bank.

3. The general arrival time is 2-3 days (extension on holidays).

Ordinary debit cards from major banks have dual-currency or multi-currency deposit, withdrawal, and payment functions.

To remit money from abroad, you need to provide: name (standard pinyin), bank account number, bank address (English), bank name (English) and code (Swift code) to the remitter. Bank convertible currencies such as euros, US dollars, and pounds sterling are remitted to the account. You can handle the foreign exchange settlement and exchange business after the bank notifies you by phone that the remittance has arrived.

Extended information

Cash U.S. dollars can be transferred to other people's cash U.S. dollar accounts. Spot exchange U.S. dollars cannot be transferred to other people's current U.S. dollar accounts. They can only be transferred to another spot exchange of the same person. USD account. If you must transfer it to others, you can only withdraw U.S. dollar cash from your current account and then transfer it to someone else's U.S. dollar cash account.

Bank foreign exchange business includes corporate foreign exchange deposits and foreign currency savings deposits.

Corporate foreign exchange deposits refer to the business of banks absorbing foreign exchange funds from legally established domestic institutions, institutions in China and overseas institutions. Among them: foreign exchange funds absorbed by banks from overseas institutions should be included in foreign debt management.

Foreign currency savings deposits: The business of banks absorbing foreign exchange funds from natural persons. The interest rate of foreign exchange deposits shall comply with the relevant interest rate regulations of the People's Bank of China. This business item does not include offshore business.

Baidu Encyclopedia - Implementation Rules of Personal Foreign Exchange Management Measures

Baidu Encyclopedia - Cross-border Remittance

Baidu Encyclopedia - Foreign Exchange Remittance