Anonymous ID: 602c23 Feb. 20, 2019, 5:54 p.m. No.5293710   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>5293569

"Yes, the BP oil spill was bad, but it was no reason to put tighter clamps on domestic drilling. That showed no leadership at all. What it showed was that the Obama administration is driven more by hysteria than facts."

Anonymous ID: 602c23 Feb. 20, 2019, 5:59 p.m. No.5293861   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>5293706

>Wire transfers are a convenient way of transferring money

 

 

The best way depends on several factors.

 

Due to Chinese currency restrictions, PayPal is dead on arrival.

 

In some provinces (but not in Beijing) you can go to a major branch of Bank of China and purchase a cashiers check denominated in US$. You can mail this to your bank in the US or use your US bankโ€™s app to remotely deposit an image of the check. The fees are very low. For about $7,000 or less, the fee is 50 RMB. For $50,000, the maximum fee is 250 RMB.

 

ICBC provides a wire transfer service that you can do online. It is extremely fast and cheap. I have transferred over $35,000 and the funds arrived within 4 hours. The fee was 200 RMB. Unfortunately the receiving bank in the US may also charge a fee, usually $25.

 

As long as you already have the US$ in your Chinese bank account, it is simply not true that you need any validation paperwork. The problem you will face is exchanging your RMB for US$. If you are on any type of visa other than a valid work permit, you are limited to $500 per day. On a work permit, you can exchange up to your entire salary if (a) you have a labor contract that stipulates you can exchange your RMB salary to US$, and (b) you have tax receipts showing you paid income tax. Often item (a) is not needed, but they can require it.