Job Discussion Forums

stooze · Joined: 11 Jul 2016 Posts: 12 Location: UK

Hello.
I've been told by my prospective employer that my monthly salary will be paid into a 'Bank Of Communications' account as these are the only bank they deal with.
How easy is it/possible is it to regularly move some of that money into the UK bank account I have with Lloyds?
Anyone, please?
I've emailed the bank (well, filled in a 'contact us' online form) but had no reply.
Cheers.

kungfuman · Posted: Thu Aug 25, 2016 2:27 pm Post subject:

If you're in China easy. Not in China - use your atm card wherever you are

eihpos · Joined: 14 Dec 2008 Posts: 331

It is a pain! Well it has been where I am. You need a letter from the tax office, pay slips to cover how much you are sending, employment contract, FEC copy, passport, your bank details (including the really long number, can't remember what it's called) It also takes ages as the banks are always so busy.
The other, quicker way is to find a Chinese person you trust, put the money in their account and get them to transfer it for you.

MuscatGary · Posted: Sun Sep 04, 2016 8:30 am Post subject:

I've been here 18 months. Transfer money regularly and have never been asked for anything other than my passport. Be wary of the advice regarding using an atm card, the new ones don't have the magnetic strip on the back and don't work outside of China.

XiaoWren · Joined: 05 Aug 2016 Posts: 54 Location: Asia

Foreigners cannot remit more than US$500 per day. If you want to send more than that you will need to produce your income tax receipts and your signed stamped contract of employment (and your passport).

Data you need is: the recipient's name and account number, and the name, address and SWIFT code of the recipient's bank.

Bank of China is your best bet, also Agricultural Bank of China. Be prepared for them to say 'no can do', even when you are sending less than $500. It's possible you are the first foreigner to ask for this service.

The easier solution is to enlist the help of a Chinese friend with a BOC account. Send a large chunk in one go. Chinese can send $50,000 a year no questions asked.