Job Discussion Forums

MeiMei · Joined: 06 Feb 2006 Posts: 35

Hello

I know this issue has been discussed in the past, however I was wondering if there is any new information.

I have about 19,000 RMB that I would like to send home. I have a passport, residency permit, and a contact. I don�t know if my school pays tax on my income.

My income is 4000 RMB (I know small, but I love my job)

Any advice you can give me

I have a friend about 1000 km away (Not much help I know)

Thanks for any advice you can give.

Richard.

WordUp · Joined: 05 Jan 2006 Posts: 131

Wiring money can be complicated, you need to show the bank doing the wiring some legal documents from your school that show you are employed with them which may include the contract and some tax documents of the school. If you earned that money with your employer in the time you were in China it should be no problem, you can expect a few trips to the bank to find out all the correct documents they need to wire the money.

If it is money that you brought with you to China that has been residing in your bank since you arrived, I think it will be almost impossible to wire using a bank, because the banks are quite strict about ensuring the source of the money being wired was derived by some legal means in China.

Another way is to use western union, but from my understanding you need to convert your RMB to dollars firstly, then you can go to Western Union and use their service (I believe they only wire in US Dollars. ) They also charge a hefty percentage fee so expect that.

Let us know how you resolve it, I'd like to know what documents you need in order to do this also..

Cheers

7969 · Joined: 26 Mar 2003 Posts: 5782 Location: Coastal Guangdong

one of my chinese friends wired RMB9000 to my home bank account this past summer thru bank of china. no questions asked, no documents needed.

AQUA MARINA · Posted: Thu Oct 12, 2006 6:35 pm Post subject:

Is there a service charge to wire cash and how much is it?

What banks are reccomend In China and is the process
and complicated one?

I would like to transfer my earnings into my homeland account
and want to do my resrch before going down

7969 · Joined: 26 Mar 2003 Posts: 5782 Location: Coastal Guangdong

AQUA MARINA · Posted: Fri Oct 13, 2006 8:14 pm Post subject:

I will be in Chengdu and luckily they have 2 branches of the Bank of China listed. I want to be prepared and am worried since i need to make sure i can wire my RMB earnings into my Canadian Account.

I hope it will as easy as you said 7969 if I give them my Banking info. to wire the cash to, in order maintain my pre-authourized payments for my student loan and storage payments in Canada while i am out of the country.

When you say u handed your money to someone, was it the bank teller?
And have you wired cash more than once?

7969 · Joined: 26 Mar 2003 Posts: 5782 Location: Coastal Guangdong

Dragonsaver · Joined: 12 Oct 2004 Posts: 41 Location: Dalian, China

You have to go to the Main Branch of the Bank of China in your city. The bank of China will transfer money directly to your account. The fee is 200RMB doesn't matter how much you send, the fee is the same. You need to get the international swift code from