Job Discussion Forums

[Alien abductee]

[Hatcher]

deposit them in your account.

i did this many times in Korea. never a problem.

[Alien abductee]

Don't they have to be counter-signed, by the same person who bought them before they can be cashed/deposited? TCs are mostly used for travel and with ATMs pretty much everywhere I don't see these things being used much longer. Never seen them used in China, and even though they may be sold somewhere the easiest way to transfer money is just have a Chinese friend do it for you.

[naturegirl321]

I'm pretty sure you can sign them over just like you can with a regular check.

[Bud Powell]

And the travelers' check would be drawn on which Chinese bank?

And which bank in the U.S. would accept a TC drawn on a Chinese bank?

[Alien abductee]

[naturegirl321]

In the middle of the check you simply write the persons name who will cash the check. On the line that says to the order of.

[Stallion88]

There are ways but to say they are convoluted is an understatement.

International transfers using SWIFT or IBAN take far too much time and involve multiple hurdles to overcome. The first time put me off for life.

Western Union is an option but it is expensive and don't be surprised if you find an agent to be told 'the system is offline' or some other excuse as its extra work for them.

What I did was to open two accounts with ICBC. Post one ATM card to my Mother, when she received it gave her the pin. I simply transfer funds from one account to that account (no fee), she takes it out of the ATM and deposits it in my local account. Charges are 10RMB +1.5% of the amount withdrawn. It's never failed me since. If you have someone you trust, its certainly a viable option.

[Hatcher]

I only posted the note about the TCs as an option. If I can wire money, I will. However, I was told that you can only wire 70% of your salary. And as I have a good salary at an int school, then it is something to consider.

[Bud Powell]

I ask again:

And the travelers' check would be drawn on which Chinese bank?

And which bank in the U.S. would accept a TC drawn on a Chinese bank?

[Shroob]

[Hatcher]

american express is in china and further, BC has TCs and they are honored around the world.

[naturegirl321]

Here's an explanation on how to have someone else deposit them in your account. https://answers.yahoo.com/question/index;_ylt=A0LEVzbdPstTfxEAR_Bx.9w4;_ylu=X3oDMTE0dDAzcDV1BHNlYwNzcgRwb3MDMwRjb2xvA2JmMQR2dGlkA01PVVMxMjdfMQ--?qid=20100803231350AASEZ0i

[Bud Powell]

For those who have first-hand knowledge of Chinese Travelers Checks in China, I ask once again:

And the travelers' check would be drawn on which Chinese bank?

And which bank in the U.S. (or abroad) would accept a CHINESE TC drawn on a Chinese bank? BOC in NYC or BOC in SF?

It seems that no one knows.

[naturegirl321]

Couldn't you get American Express travellers checks in China? It says here they've been available from the BOC since 1982 http://about.americanexpress.com/news/pr/2010/boc.aspx