Change from USD in cash and send to bank account in Europe?

[chinakimster@nym.hush.com]

Hi all,

I need help with a problem: I have some cash - a rather large sum of US dollars, and need to send this to my bank account in Europe. This is clean money, nothing shady or dirty about it. Hard earned cash, actually.

I am in the Shanghai area for a short while and dont have a Chinese bank account or anything. I dont want to carry the cash or course, and just want to send it back home. I have a Paypal account though.

Any good ideas will be greatly appreciated! Safe and easy would be preferable.

Kimster

[Lu]

Western Union? Alternatively, traveller cheques, they are insured against loss.

[chinakimster@nym.hush.com]

Thanks for answer. I think the fee in Western union is extremely high, also the point in that it must reach my bank account so that I can use it when I need it on my trip.

Can I change from cash to travellers checks in a Chinese bank?

K

[gato]

I need help with a problem: I have some cash - a rather large sum of US dollars, and need to send this to my bank account in Europe.

I dont want to carry the cash or course, and just want to send it back home.

Are you currently carrying the cash? Are you resistant to depositing the money in a Chinese bank?

[Mindmaxd]

Western Union cost too much,My american friend who is teaching in beijing told me he use 中国邮政China Post card recently and it is also cheaper than Western Union,you can have a shot there,they have this kind of service.

Good luck!

[chinakimster@nym.hush.com]

Thanks for answer, but sorry I dont understand. Do you mean that I can actually send money through the China Post? Do you have a link or a name for this service? Do I need to bring a Chinese friend to do this?

Thank you for any help with this.

[chinakimster@nym.hush.com]

@Gato Thanks for answer.

you wrote "Are you currently carrying the cash? Are you resistant to depositing the money in a Chinese bank?"

No, not at all. But how can I deposit if I dont have an account? How can I make an account in a chinese bank if I am not a resident?

Thanks for any advice.

[anonymoose]

Just open up a Chinese bank account. All you need is a passport, and you can do it in a few minutes. It usually doesn't cost anything either, or maybe 5 yuan for the card.

[chinakimster@nym.hush.com]

Oh thanks, I did not this was an option also for non-residents.

Cheers.

[zhouhaochen]

You can transfer USD out of the country without problems via your bank. Just like you would in any other country. Just take the money to a bank. I personally recommend staying away from the Bank of China though.

[chinakimster@nym.hush.com]

Oh, that's a relief to hear. What bank do you recommend then, and why? I will mostly be in the Chongqing and the Shanghai area.

[roddy]

Did you manage to get this sorted out?

[abcdefg]

#10 --

I personally recommend staying away from the Bank of China though.

@zhouhaochen -- I know you have lots of China experience, so I'm wondering about your reasons for this admonition. Have you had bad experience with BOC?