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China2
Joined: 04 Jun 2015
Posts: 56
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 Posted: Wed Jun 17, 2015 7:54 pm Post subject: Transferring of money from China to the UK monthly |
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| How easy is it to transfer money from China to the UK on a monthly basis? |
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Non Sequitur
Joined: 23 May 2010
Posts: 4724
Location: China
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| Posted: Thu Jun 18, 2015 2:43 am Post subject: |
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| Really easy and you should always come to China and work on a tourist visa and no one will give you any grief whatsoever! |
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SH_Panda
Joined: 31 May 2011
Posts: 455
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| Posted: Thu Jun 18, 2015 2:53 am Post subject: |
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The easiest way is to have a trusted Chinese friend send it from their bank account. I sent money last week from my wife's account and it arrived in the UK on the same day.
Another way is to send a large amount by Western Union and have somebody pick it up for you in the UK.
As far as I know, foreigners can't send money abroad at the moment, or it's very difficult at least. |
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Mr. Leafy
Joined: 24 Apr 2012
Posts: 246
Location: North of the Wall
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| Posted: Thu Jun 18, 2015 3:20 am Post subject: |
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| SH_Panda wrote: |
The easiest way is to have a trusted Chinese friend send it from their bank account. I sent money last week from my wife's account and it arrived in the UK on the same day.
Another way is to send a large amount by Western Union and have somebody pick it up for you in the UK.
As far as I know, foreigners can't send money abroad at the moment, or it's very difficult at least. |
What do you mean by "at the moment"?
I've been doing it a couple times a year by transferring to a Chinese friend, then from their account to my overseas one.
I was going to do it again last week except I forgot my passport, but they didn't mention any new difficulties or restrictions.
I have a Bank of China account that I hadn't realised could be a dual currency account.
The last time I went they suggested that if I wanted to do it myself and if I had time, I just exchange $500 a day and leave it my BoC account until I had the $ amount I wanted, then make the transfer myself. It's a bit of a hassle, but my branch is convenient to my home so I'll try that to be more independent. |
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China2
Joined: 04 Jun 2015
Posts: 56
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| Posted: Thu Jun 18, 2015 4:23 am Post subject: Sending money to the UK |
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| Don't Chinese banks have online banking? Can't you just send it from your Chinese bank account to your UK one online? |
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wangdaning
Joined: 22 Jan 2008
Posts: 3154
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| Posted: Thu Jun 18, 2015 11:22 am Post subject: |
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Unless you have pounds sitting in your account, no. I am American, but for some reason have pounds in my account that I could send 
Foreigners cannot convert currency via online banking for some reason. Pretty retarded. Can't even change the pounds to yuan without going to the bank. |
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Guerciotti
Joined: 13 Feb 2009
Posts: 842
Location: In a sleazy bar killing all the bad guys.
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| Posted: Thu Jun 18, 2015 12:29 pm Post subject: |
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| Mr. Leafy wrote: |
I've been doing it a couple times a year by transferring to a Chinese friend, then from their account to my overseas one.
I was going to do it again last week except I forgot my passport, but they didn't mention any new difficulties or restrictions.
I have a Bank of China account that I hadn't realised could be a dual currency account.
The last time I went they suggested that if I wanted to do it myself and if I had time, I just exchange $500 a day and leave it my BoC account until I had the $ amount I wanted, then make the transfer myself. It's a bit of a hassle, but my branch is convenient to my home so I'll try that to be more independent. |
I recently used my dual currency account to transfer dollars overseas. I see no reason why you can't do it with pounds. Get your home bank's SWIFT code. Like the Leaf said, change $500 per day (@3104 rmb recently) into pounds and transfer monthly or whatever you choose. |
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China2
Joined: 04 Jun 2015
Posts: 56
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| Posted: Fri Jun 19, 2015 5:04 am Post subject: |
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| Thanks - really helpful advice! I don't really want to rely on anybody else! |
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