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What is the daily transaction limit for a RMB account holder to withdraw RMB or exchange it into HKD via his or her ICBC (Asia) RMB Savings Account?

April 26, 2017account exchange HKD limit RMB savings account transaction withdraw

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What is the daily transaction limit for a RMB account holder to withdraw RMB or exchange it into HKD via his or her ICBC (Asia) RMB Savings Account?

1 Answer

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The transaction limit is RMB20,000 per day for a personal client (the transaction limit for withdrawal and deposit are calculated separately). On the other hand, designated business customers can only deposit RMB banknotes, and withdraw either RMB or HKD banknotes. Only one-way RMB exchange is allowed for designated business customers, i.e. sell RMB and buy HKD, and there is no exchange limit provided that the transaction amount is in line with the business nature of the customers.