How to Send Money to China
Opportunities for Chinese emigrants grow as China's economy grows. Sixty percent of overseas Chinese professionals live in the U.S.
Chinese emigrants account for the largest amounts of remittance money sent back to their native country from the U.S. This is because they are able to send money back home in greater quantity and more frequently than ever before.
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.
If you do not want the recipient to have access to unlimited funds, then you may want to look into a pre-paid debit card, which works just like an ATM card except that it is loaded with a specific amount of money which you refill when necessary.
Another way to send money to China is through wire transfer with any U.S. Bank or Credit Union. US banks will charge a transaction fee for this service which can take up to several weeks to process.
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.
Sending money to China has become easier thanks to an expansion of networks that deal with international transfers. These, in addition to multinational banks that have developed direct online money transfers, help Chinese abroad provide funds to family back home.
There are increased fears of money laundering and illegal activities associated with international money transfers. The U.S. government has stipulated that money sent to China cannot exceed USD 3,000 per capita/ per day and that checks are limited to below 10,000 US dollars.
Chinese emigrants account for the largest amounts of remittance money sent back to their native country from the U.S. This is because they are able to send money back home in greater quantity and more frequently than ever before.
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.
If you do not want the recipient to have access to unlimited funds, then you may want to look into a pre-paid debit card, which works just like an ATM card except that it is loaded with a specific amount of money which you refill when necessary.
Another way to send money to China is through wire transfer with any U.S. Bank or Credit Union. US banks will charge a transaction fee for this service which can take up to several weeks to process.
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.
Sending money to China has become easier thanks to an expansion of networks that deal with international transfers. These, in addition to multinational banks that have developed direct online money transfers, help Chinese abroad provide funds to family back home.
There are increased fears of money laundering and illegal activities associated with international money transfers. The U.S. government has stipulated that money sent to China cannot exceed USD 3,000 per capita/ per day and that checks are limited to below 10,000 US dollars.
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When it comes to money to china, getting the right information can be a daunting task. That's why we put together this confidential report for you at send money to China
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