How to Send Money to China
As China's economy thrives, there are more and more opportunities for overseas Chinese professionals, sixty percent of which live in the U.S., to thrive.
Chinese immigrants to the United States are able to send money to China more frequently and in greater quantity than they have been able to in the past. This group of recent emigrants sending money to China account for the largest amounts of remittance money sent from the US back to their native country.
There are a variety of different ways to send money to China. The majority of remittance to China is captured by formal service providers, mainly China Post, commercial banks and rural credit cooperatives.
One way in which to transfer money back to relatives in China is through an ATM or debit card. If the recipient is someone trusted it could be a good idea for them to have a bank card linked to your checking or savings account. If you are comfortable with the cardholder having access to money at all times, they would be able to withdraw money from an ATM machine.
For situations where you do not want the recipient to have unlimited access to the money, a pre-paid debit card is another way to go. It works just like an ATM card except that it is loaded with a specific amount of money. The cardholder will have no access to funds until you have refilled the pre-paid debit card. At this time you could notify the recipient via phone that money has been added to the card.
Another option when sending money home to China is through a wire transfer with any U.S. Bank. This can often take several weeks to process, as well as cost more than some other options.
Another way to send money to China that is fast and easy is through an online service such as ATM Cash. This allows you to send money at any time from the convenience of your own computer.
Many of the facilities that deal with international funds transfers to China are based on networks that have expanded, thus making it easier and more efficient to send money to both urban and rural areas in China.
There are however increased fears of money laundering and criminal activities with some money transfers. Because of this the U.S. government has tried to control the banking business more closely. Money sent to china cannot exceed USD 3,000 per day. Also, when sending money by check, you cannot exceed 10,000 US dollars.
Chinese immigrants to the United States are able to send money to China more frequently and in greater quantity than they have been able to in the past. This group of recent emigrants sending money to China account for the largest amounts of remittance money sent from the US back to their native country.
There are a variety of different ways to send money to China. The majority of remittance to China is captured by formal service providers, mainly China Post, commercial banks and rural credit cooperatives.
One way in which to transfer money back to relatives in China is through an ATM or debit card. If the recipient is someone trusted it could be a good idea for them to have a bank card linked to your checking or savings account. If you are comfortable with the cardholder having access to money at all times, they would be able to withdraw money from an ATM machine.
For situations where you do not want the recipient to have unlimited access to the money, a pre-paid debit card is another way to go. It works just like an ATM card except that it is loaded with a specific amount of money. The cardholder will have no access to funds until you have refilled the pre-paid debit card. At this time you could notify the recipient via phone that money has been added to the card.
Another option when sending money home to China is through a wire transfer with any U.S. Bank. This can often take several weeks to process, as well as cost more than some other options.
Another way to send money to China that is fast and easy is through an online service such as ATM Cash. This allows you to send money at any time from the convenience of your own computer.
Many of the facilities that deal with international funds transfers to China are based on networks that have expanded, thus making it easier and more efficient to send money to both urban and rural areas in China.
There are however increased fears of money laundering and criminal activities with some money transfers. Because of this the U.S. government has tried to control the banking business more closely. Money sent to china cannot exceed USD 3,000 per day. Also, when sending money by check, you cannot exceed 10,000 US dollars.
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We scoured every corner of the internet to find everything you ever wanted to know about money transfers to china. Here is the absolute best source we uncovered, send money to China
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