|
Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Students and Teachers from Around the World!"
|
| View previous topic :: View next topic |
| Author |
Message |
dekkard
Joined: 01 May 2010
Posts: 69
|
 Posted: Mon May 23, 2016 4:00 am Post subject: |
 |
|
Every time I 've asked or researched the question of sending money home from China, I end up getting the same advice: transfer the money to a Chinese friend or colleague and have them send it to your home bank account on your behalf.
I believe Chinese people can send out of China up to the equivalent of $50,000 per year. |
|
| Back to top |
|
 |
getbehindthemule
Joined: 15 Oct 2015
Posts: 712
Location: Shanghai
|
| Posted: Mon May 23, 2016 5:17 am Post subject: |
|
|
After running into so many problems trying to process a bank transfer with the banks here, I just gave up.
If you have a Chinese friend that you trust and they are comfortable doing this for you, there is an extremely convenient solution:
1. Get your friend to open a new bank account for the sole purpose of sending money back home.
2. You keep the documentation, bank card, internet device.
3. Get your Chinese friend to teach you how to transfer the money over the internet and hey presto!
This saves you going to the bank with your Chinese friend and also the 200rmb bank processing fee  |
|
| Back to top |
|
|
Mandrews1985
Joined: 22 Apr 2012
Posts: 69
Location: Daegu, South Korea
|
| Posted: Mon May 23, 2016 10:28 am Post subject: |
|
|
| jimpellow wrote: |
| Mandrews1985 wrote: |
| LarssonCrew wrote: |
I've been thinking about this and honestly I will open two bank accounts, a spending account and a send home account.
I'll mail the send home account card back to my brother and text him the pin number, then every month transfer 15000 across and have him take out multiples of 200 pounds [the limit in the UK] whicxh is about 2000 give or take. So he sdoes that 6 timse and then goes with cash in hand and plumps it into my UK account. |
I'd be careful. I had been doing this for the last 18 months without fail.
Then in April, my dad couldn't withdraw anything. I went to the bank, they checked the account and said there wasn't a problem and I should try again. Tried again. Nothing. Returned to the bank, they said I need to buy a new bank card. Sent that bad boy home... dad still couldn't withdraw the money. Went back to the bank and they said my dad must be doing something wrong.
I spoke to 2 other colleagues from the UK they both said after the Chinese New Year their cards wouldn't work either. The bank pleads ignorance. 'There isn't a problem!'
I've had to resort to going to the bank with a student and getting them to send it for me. |
Yeah, the young women who preceded me at my first Chinese school scimped and saved for her year in China. When she did an end-of-contract bank transfer home to her account it was never received. The banks kept blaming each other, and last I had heard through a fellow teacher, she was still without her money and heartbroken.
I think that is rare, but I certainly wouldn't want to be the exception. The average teacher loses enough of his income in the PRC through theft, scamming, skimming, swindling and so on. |
What a disaster. She left the country, right? Do you know if the problem is that the money is 'missing' or if it was returned to the account it was sent from? Do you know in what manner she sent it home? Was it through someone at the FAO's account or a student / local friend? Presuming it wasn't returned and that local 'friend' didn't buy themselves a car with it... it could be resolved by Alipay.
The way I got my money back was quite straight forward if not annoying (being that I wanted the money in England!) I added my spending account and my current account to my Alipay app and just transfered the money back into the account I was using here.
For 18 months I sent money home from a second account without an issue. Now, there's an issue. I don't mind doing it through a friend, really, but getting to the bank, going through the process and then heading back is a 3 hour ordeal for me. Not ideal. |
|
| Back to top |
|
|
jimpellow
Joined: 12 Oct 2007
Posts: 913
|
| Posted: Tue May 24, 2016 3:21 am Post subject: |
|
|
| Mandrews1985 wrote: |
| jimpellow wrote: |
| Mandrews1985 wrote: |
| LarssonCrew wrote: |
I've been thinking about this and honestly I will open two bank accounts, a spending account and a send home account.
I'll mail the send home account card back to my brother and text him the pin number, then every month transfer 15000 across and have him take out multiples of 200 pounds [the limit in the UK] whicxh is about 2000 give or take. So he sdoes that 6 timse and then goes with cash in hand and plumps it into my UK account. |
I'd be careful. I had been doing this for the last 18 months without fail.
Then in April, my dad couldn't withdraw anything. I went to the bank, they checked the account and said there wasn't a problem and I should try again. Tried again. Nothing. Returned to the bank, they said I need to buy a new bank card. Sent that bad boy home... dad still couldn't withdraw the money. Went back to the bank and they said my dad must be doing something wrong.
I spoke to 2 other colleagues from the UK they both said after the Chinese New Year their cards wouldn't work either. The bank pleads ignorance. 'There isn't a problem!'
I've had to resort to going to the bank with a student and getting them to send it for me. |
Yeah, the young women who preceded me at my first Chinese school scimped and saved for her year in China. When she did an end-of-contract bank transfer home to her account it was never received. The banks kept blaming each other, and last I had heard through a fellow teacher, she was still without her money and heartbroken.
I think that is rare, but I certainly wouldn't want to be the exception. The average teacher loses enough of his income in the PRC through theft, scamming, skimming, swindling and so on. |
What a disaster. She left the country, right? Do you know if the problem is that the money is 'missing' or if it was returned to the account it was sent from? Do you know in what manner she sent it home? Was it through someone at the FAO's account or a student / local friend? Presuming it wasn't returned and that local 'friend' didn't buy themselves a car with it... it could be resolved by Alipay.
The way I got my money back was quite straight forward if not annoying (being that I wanted the money in England!) I added my spending account and my current account to my Alipay app and just transfered the money back into the account I was using here.
For 18 months I sent money home from a second account without an issue. Now, there's an issue. I don't mind doing it through a friend, really, but getting to the bank, going through the process and then heading back is a 3 hour ordeal for me. Not ideal. |
I think it was her "Chinese" bank to home. I was quite new to China to really yet get into it and remember all the details for years of future bitching. I do remember that the Chinese bank told her to resolve it in person. I only heard one other case of this personally, so think it is rare. I would probably think it was inside theft from a Chinese bank employee. I am only basing that on having lived in even more corrupt hellholes where it is fact that it happens to "rich" foreigners. But the point remains I would not personally take the approach the OP intends to. |
|
| Back to top |
|
|
dekkard
Joined: 01 May 2010
Posts: 69
|
| Posted: Tue May 24, 2016 2:01 pm Post subject: |
|
|
| Is it possible for non-Chinese people to use the AliPay app to send money from a Chinese bank account to their bank account back home? |
|
| Back to top |
|
|
Mandrews1985
Joined: 22 Apr 2012
Posts: 69
Location: Daegu, South Korea
|
| Posted: Tue May 24, 2016 3:17 pm Post subject: |
|
|
@jimpellow, it's a real shame. I think the only thing you can get from it is make sure you can send as much home as possibly with enough time to resolve any issues in-country.
@dekkard, no. as far as I can tell you need a 16 digit 'ID number' (possibly the Chinese registration number?) A local friend looked into it for me and said it wasn't possible. If the question comes from one of my previous posts, I have 2 Chinese accounts and I sent one of the cards back to the UK for my parents to withdraw from it for me. I had both cards linked to my Alipay account so when an issue occured (couldnt withdraw money from it in the UK) I just transfered it back. |
|
| Back to top |
|
|
dekkard
Joined: 01 May 2010
Posts: 69
|
| Posted: Thu May 26, 2016 1:53 am Post subject: |
|
|
| Thanks for the reply. I guess I can ask my Chinese friend with Alipay to send it to my UK account then. |
|
| Back to top |
|
|
22Yossarian
Joined: 20 Jan 2013
Posts: 68
|
| Posted: Thu May 26, 2016 9:28 am Post subject: |
|
|
I have a work around. After 2 years of paying large fees to both the Chinese and my American bank, and spending hours in the bank (I did it myself after I hunted down the proper paperwork), I opened up a new bank account for the sole purpose of sending money to the U.S.
I gave the card to my family, I kept the card number, and I go to that banks ATM, enter the card number and put cash in the ATM, and then tell my parents how much to take out.
It is the cheapest and fastest way. |
|
| Back to top |
|
|
Mandrews1985
Joined: 22 Apr 2012
Posts: 69
Location: Daegu, South Korea
|
| Posted: Fri May 27, 2016 7:06 am Post subject: |
|
|
| 22Yossarian wrote: |
I have a work around. After 2 years of paying large fees to both the Chinese and my American bank, and spending hours in the bank (I did it myself after I hunted down the proper paperwork), I opened up a new bank account for the sole purpose of sending money to the U.S.
I gave the card to my family, I kept the card number, and I go to that banks ATM, enter the card number and put cash in the ATM, and then tell my parents how much to take out.
It is the cheapest and fastest way. |
Thanks, 22 Yossarian but this was actually mentioned earlier on. I had been doing this every month for about 18 months until March this year when my parents could no longer withdraw money. The ATM said to speak to the bank, the bank said 'there's no problem, your dad must of made a mistake' I know atleast 2 other people with the same problem occuring at the same time.
Don't get me wrong, it works perfectly....until it doesn't! I find it to be mighty coincidental that 3 of us with CCB accounts all had the same problem within a few days of each other and the bank denied there was a problem! |
|
| Back to top |
|
|
auchtermuchty
Joined: 05 Dec 2009
Posts: 344
Location: Beijing
|
| Posted: Sat May 28, 2016 12:18 am Post subject: |
|
|
China put limits on overseas ATM use around the turn of the year. The annual limit is 100,000 RMB, and I think there is a further limit of something like 50,000 within a quarter.
For my BoC card, the fee per overseas ATM use increased after Jan 1, too. |
|
| Back to top |
|
|
danshengou
Joined: 17 Feb 2016
Posts: 434
Location: A bizarre overcrowded hole
|
| Posted: Sun Jun 05, 2016 2:41 am Post subject: |
|
|
| There are lots of ways to 'get your money out' of China, but the easiest is to go to your bank and have them wire it. You just need a printout from the tax authority of your net earnings and your check stubs (and passport of course). You can send out 100% of your net earnings. |
|
| Back to top |
|
|
twowheel
Joined: 03 Jul 2015
Posts: 753
|
| Posted: Sun Jun 05, 2016 3:19 am Post subject: |
|
|
| twowheel wrote: |
| On a somewhat related note, how much cash (in renminbucks) could I physically take out of the country, that is, how many Maojamins could I have in my carry-on when I rock up to security at Beijing Capital International Airport without them pulling me over? |
Ah! From a few months ago... 
http://forums.eslcafe.com/job/viewtopic.php?t=113479
twowheel
Last edited by twowheel on Sun Jun 05, 2016 4:08 am; edited 2 times in total |
|
| Back to top |
|
|
7969
Joined: 26 Mar 2003
Posts: 5782
Location: Coastal Guangdong
|
| Posted: Sun Jun 05, 2016 3:25 am Post subject: |
|
|
| twowheel wrote: |
On a somewhat related note, how much cash (in renminbucks) could I physically take out of the country, that is, how many Maojamins could I have in my carry-on when I rock up to security at Beijing Capital International Airport without them pulling me over?
Is it indeed the equivalent of 10,000USD (about 65,500 RMB)? I know that that is the amount one would have to declare about entering the U.S. (cash of 10,000 USD or greater). |
China currency export regulations:
Local currency (Chinese Ren Min Bi-CNY): max. CNY 20,000.- in cash.
Foreign currencies: Amounts exceeding USD 5,000.- in cash must be declared.
I would never recommend carrying this much money through an airport, and I'm surprised that so many people actually consider this. |
|
| Back to top |
|
|
twowheel
Joined: 03 Jul 2015
Posts: 753
|
| Posted: Sun Jun 05, 2016 3:30 am Post subject: |
|
|
7969,
Many thanks for that. Is there a source on that I could look at?
Agreed, I may bring through a couple thousand RMB, but having the equivalent of $3,000 on my person would just make me nervous that it would get lost/stolen. Also, I would worry that customs would look at me as a shady dealer rather than just as a $traight-up baller.  
Just curious about this.
twowheel |
|
| Back to top |
|
|
7969
Joined: 26 Mar 2003
Posts: 5782
Location: Coastal Guangdong
|
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
This page is maintained by the one and only Dave Sperling.
Contact Dave's ESL Cafe
Copyright © 2018 Dave Sperling. All Rights Reserved.
Powered by phpBB © 2001, 2002 phpBB Group
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
