What is a facilitation quota?

The facilitation quota refers to the annual facilitation quota management of individual foreign exchange settlement and domestic individual foreign exchange purchase. Individuals can apply in the bank with valid identity documents. Personal settlement of foreign exchange refers to the behavior of individual residents who completely own and freely dispose of foreign exchange income obtained from abroad and sell it to designated foreign exchange banks or chartered currency exchange institutions, and the designated foreign exchange banks or institutions pay the equivalent RMB at the exchange rate on the transaction day.

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1. foreign exchange settlement

Settlement of foreign exchange is the abbreviation of foreign exchange settlement, which means that the owner of foreign exchange income sells his foreign exchange income to the designated foreign exchange bank, and the designated foreign exchange bank pays the equivalent local currency at a certain exchange rate. There are many forms, such as compulsory settlement, willingness settlement and quota settlement. Settlement of foreign exchange can be divided into individual settlement and unit settlement, which can be handled in banks or online banks, and many domestic banks can handle it.

2. What are the forms of settlement?

There are three main ways to settle foreign exchange, namely, compulsory settlement, willingness settlement and quota settlement. At one time, China adopted compulsory foreign exchange settlement, but in 2008, the new foreign exchange management regulations were promulgated, and this system was also changed to willing foreign exchange settlement, mainly by telegraphic transfer.

3. Quotas

The line refers to the amount that the lender can borrow from the borrower without providing property guarantee. It usually means that a natural person borrows money from a bank, and the bank is willing to provide the highest amount of loans according to the credit status of the individual. This amount will be determined unilaterally by the bank because of income, income, debt ratio, work content, company, company position, property and so on. This kind of lending relationship is usually that banks lend money to natural persons. On the other hand, it is usually necessary for commercial organizations and transnational exchanges to lend money to organizations.

4. What does a quota freeze mean?

Limit freezing generally refers to the funds that cannot be used in the account. This part of the funds usually allows users to buy some products in advance, and then the funds will be frozen. When the purchased products are actually sold, this part of the money will be taken away. It should be noted that the frozen quota in the account can generally be lifted, and it can be used normally after lifting. Extreme freezing can appear in different scenes, and its specific connotation is different.

5. How to increase the quota?

The overdraft limit of a credit card depends on the bank's evaluation of your economic credit. If you want to get a higher credit limit, you need to do enough work to improve the bank's credit evaluation. Whether you apply for a credit card for the first time or in the process of using it, you can improve your credit limit through some skills.