Money transfer

[Foxblood 2]

Hello all,

I have a question concerning how my Fiance is to transfer her finances to the United States.

What is the best method to do this? She currently banks with bank of China I believe.

Any information or advice on this topic would be greatly appreciated. Thank you =)

[nickbits 43]

international wire transfer

[ghanalover 7]

my husband is in ghana and he wires money in my acct

[Foxblood 2]

It is really that simple? If so that is great =)

[ghanalover 7]

if its that important u can travel around there r bank of chinas in the u.s I know ive seen some in phoenix looking online it looks like theres some in new york and l.a but phoenix for sure ive seen it they have like a china town there.......im thinking maybe d.c. May have some in chinatown not 100% sure of d.c. U can try calling and see if u can wire my husband and I do a wire transfer tho it does cost to wire tho

[Foxblood 2]

if its that important u can travel around there r bank of chinas in the u.s I know ive seen some in phoenix looking online it looks like theres some in new york and l.a but phoenix for sure ive seen it they have like a china town there.......im thinking maybe d.c. May have some in chinatown not 100% sure of d.c. U can try calling and see if u can wire my husband and I do a wire transfer tho it does cost to wire tho

Yep - I realize there is a fee to wire money internationally. That is a small price to pay to transfer the money to the USA safely and securely.

Wow - I had no idea bank of China could be located in the USA at certain places. I will have to look at their website and find the locations =) Thanks for the information

[Operator 1,925]

BOC has two branches in NY and one in LA

Check on the relationship between China Construction and BOA. They used to provide reasonable transfers because BOA had a large stake in China Construction.

Also have her look into an HSBC account.

Make sure she covers all the appropriate authorizations with her bank before she leaves, It's a PITA to do it from the US.

[Foxblood 2]

BOC has two branches in NY and one in LA

Check on the relationship between China Construction and BOA. They used to provide reasonable transfers because BOA had a large stake in China Construction.

Also have her look into an HSBC account.

Make sure she covers all the appropriate authorizations with her bank before she leaves, It's a PITA to do it from the US.

Thanks for the advice =) I will look into an HSBC account. I assume the charges for an international wire of money are very high? How does exchange rate play into this process? Thanks =)

[Operator 1,925]

BOA charges an incoming fee of $16 and HSBC is $15. Outgoing I think is between $25 and $35.

They both use competitive exchange rates. You get what you get if you are sending less than $1m.

[Darnell 8,478]

if its that important u can travel around there r bank of chinas in the u.s I know ive seen some in phoenix looking online it looks like theres some in new york and l.a but phoenix for sure ive seen it they have like a china town there.......im thinking maybe d.c. May have some in chinatown not 100% sure of d.c. U can try calling and see if u can wire my husband and I do a wire transfer tho it does cost to wire tho

The last time I looked at this, was no concept of 'shared across countries' accounts with Bank of China in USA,

still had to do a TT / wire transfer.

[Foxblood 2]

The last time I looked at this, was no concept of 'shared across countries' accounts with Bank of China in USA,

still had to do a TT / wire transfer.

That is good to know and makes sense =) With something as important as her finances I will have to be extra careful which ever method we choose for transfer =)

[bigdog 376]

I think a wire transfer, i have an account at Bank of China in GZ. I talked to them in Los Angeles and the banking systems are different. You can use your ATM card here in USA no problem and i thought a ATM deposit transfer was less money than other forms, but don't hold me to that.

[Operator 1,925]

I would tell her to leave it there since the interest rates are better.

[Foxblood 2]

I would tell her to leave it there since the interest rates are better.

Solid advice LOL ha ha ha ha

I think a wire transfer, i have an account at Bank of China in GZ. I talked to them in Los Angeles and the banking systems are different. You can use your ATM card here in USA no problem and i thought a ATM deposit transfer was less money than other forms, but don't hold me to that.

So what you are saying is that her Bank of China ATM/card/visa will possible work in the USA?

[hawkeyez 45]

Iv'e been sending money via PayPal and it seems to work pretty well.