| View previous topic :: View next topic |
| Author |
Message |
kronos9
Joined: 15 Feb 2006
Posts: 3
|
 Posted: Wed Feb 15, 2006 10:15 pm Post subject: converting/sending money to australia - credit card? |
 |
|
How easy is it for an australian to get a credit card whilst on a working visa?
From what I've read through the search engine sending money back to an australian account can be quite a pain, thought this might be a simple solution even if its in the form of a credit card you have to top up first with money if they are worried about giving a foreigner a card. |
|
| Back to top |
|
 |
Louras
Joined: 24 Nov 2004
Posts: 288
|
| Posted: Thu Feb 16, 2006 1:26 am Post subject: Oh no |
|
|
| Dear God, make it stop!!!! |
|
| Back to top |
|
|
guruengerish
Joined: 28 Mar 2004
Posts: 424
Location: Australia
|
| Posted: Thu Feb 16, 2006 4:22 am Post subject: transferring money |
|
|
what on earth is Louras on about??
the query is a genuine one, and I'd be interested to know how one can transfer funds overseas. |
|
| Back to top |
|
|
checkmate
Joined: 22 May 2005
Posts: 55
Location: Shenzhen. China
|
| Posted: Thu Feb 16, 2006 4:37 am Post subject: credit card |
|
|
I am from NZ and I have a credit card at the Construction Bank here that I got in China (SZ).
Basically its just like getting one at home.
Whatever visa you have is not important but as in the west finance is.
My wife and I own our apartment here so that gave us base collateral.
We had to show our house book (Owner ship of the apartment) salary earnings i.e. usually the job contract, passport for ID, and pay a 10,000RMB security deposit.
It takes 2 weeks and the send your your information to Shanghai???
As for sending money to Australia directly. Just use Western union. They are pretty much everywhere. |
|
| Back to top |
|
|
kronos9
Joined: 15 Feb 2006
Posts: 3
|
| Posted: Thu Feb 16, 2006 5:08 am Post subject: |
|
|
The idea I figured to make my life easier, is if the credit card is possible, then I can you that on say for example a poker site, then withdraw the money from there in cheque form without paying any fees at all. Then I only just have to pay the credit card off, no currency needed to be converted at all.
As for collateral I�m not sure if I'll qualify, I'll have money, both my partner and I will be working in china, not sure if that is enough?
Do they do our version of a debit credit card, i.e. just put the money onto the card before you use it? |
|
| Back to top |
|
|
Super Mario
Joined: 27 May 2005
Posts: 1022
Location: Australia, previously China
|
| Posted: Thu Feb 16, 2006 7:27 am Post subject: |
|
|
My experience. Open an account, get a debit card, use an ATM to get your cash. The Industrial and Commercial Bank was a good one. Your employer can open an account and pay in your salary, unless they're really back woods.
For overseas transfers, have all the necessary paperwork [especially the tax papers], an account with a "useful" bank, generally a foreign one, and its simple.
I can understand Louras's response.
The unwillingness or inability of this site to provide stickies on oft asked questions is unfathomable. Too much effort? |
|
| Back to top |
|
|
Joe C.
Joined: 08 May 2003
Posts: 993
Location: Witness Protection Program
|
| Posted: Sat Feb 18, 2006 1:32 pm Post subject: |
|
|
| kronos9 wrote: |
| Do they do our version of a debit credit card, i.e. just put the money onto the card before you use it? |
What Checkmate describes is known in the West as a secured credit card. You give the bank some cash and they give you a card with a line of credit equal, in most cases, to the amount you have given as security. They're better than nothing -- barely.
What you might do is get a Visa / Electron international debit card from any one of the Chinese issuing banks such as BOC or ICBC. Mail the card home. Deposit cash into the card account here and at home they run to the ATM and withdraw the cash. Keep an eye out for the fees, though, and also the daily withdrawl limits at most Visa / MasterCard network ATMs.
If you are talking about large amounts of money, best to just do an over-the-counter wire transfer.
The above is only relevant if you actually have the foreign currency that you want to get delivered back home. If you only have RMB, then you have to first convert it to the foreign currency of your choice. And that's another issue. |
|
| Back to top |
|
|
kronos9
Joined: 15 Feb 2006
Posts: 3
|
| Posted: Sun Feb 19, 2006 2:50 am Post subject: thanks |
|
|
Thanks for the replys, im looking into the BOC website and have the HSBC china branch sending me stuff though i dont think they got the right accounts anyway, i think i got the idea of how to handle it now.
thanks again guys |
|
| Back to top |
|
|
Joe C.
Joined: 08 May 2003
Posts: 993
Location: Witness Protection Program
|
| Posted: Sun Feb 19, 2006 3:07 am Post subject: Re: thanks |
|
|
| kronos9 wrote: |
Thanks for the replys, im looking into the BOC website and have the HSBC china branch sending me stuff though i dont think they got the right accounts anyway, i think i got the idea of how to handle it now.
thanks again guys |
Not HSBC. In China they are not very useful. Try ICBC. If you are going to go the Visa / Electron debit card route, just go to your local branch of BOC or ICBC and get the card over the counter. There's a 50 RMB service fee and you're on your way. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
