Articles
Newsletter
| How to Send Money to China |
 |
 |
 |
| Written by Chloe Banks |
| Wednesday, 18 February 2009 10:57 |
|
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 several ways to transfer money from to China from the U.S. Seventy-five percent of the remittance market is captured by formal service providers, mainly China Post, the commercial banks and rural credit cooperatives, and the remaining 25% is carried home or sent through other channels. If you are sending money back to a trusted relative in China, one way to do so would be through acquiring an ATM or debit card for them that is linked back to your checking or savings account. 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. Sending money to China via bank wire transfer is another option. However this can often be more expensive as US banks will charge a transaction fee. This service can often take up to several weeks to process. A fast and easy way to send money to China is through an online service such as ATM Cash. This allows you to transfer money from your own computer 24 hours a day 7 days a week. 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. About the Author: To get all the latest tips, tricks, and tactics about cheapest way to send money to china, be sure to visit us at send money to China Kindly provided by LJ-Marketing.dk You are welcome to use this article on your own website, if you include the link just before this text. |
Stumble It!
Members : 1254
Content : 2297
Web Links : 1
Content View Hits : 309732
Content : 2297
Web Links : 1
Content View Hits : 309732