In recent times, multiple commercial banks have successively announced optimizations and upgrades to their personal foreign exchange services, enabling individuals to save on expenses when exchanging currency or making outbound remittances. China Agricultural Bank recently released a statement announcing the optimization and upgrade of their personal foreign exchange services, effective December 13, 2024. Specifically, they mentioned the implementation of no-card-to-cash exchange rate differentials, as well as waiving fees on exchange rate differentials for all currency pairs. Other banks, such as the China Industrial and Commercial Bank, the China Construction Bank, and the China Bank, have also issued similar statements in recent times.
Source: CCTV Finance
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