Traveler's checks may be more appropriate.
According to the relevant regulations, citizens of China need to declare to the customs when they leave the country with US$ 5,000 in cash and foreign currency. It is not safe to carry too much foreign currency cash when studying abroad. Zhang Yibo, who is studying in the UK, told reporters that when going out in the UK, you basically don't need to bring cash, you just swipe your card. And the local banks are very slow to save money. Only large bank outlets will provide automatic deposit machines, and small bank outlets need to deposit money at the bank counter.
Traveler's checks are more suitable for international students who need to bring some foreign currency cash. For example, Industrial and Commercial Bank of China currently issues paper and electronic traveler's checks on behalf of American Express International Limited. In addition to being convenient to take out of the country, there are many foreign exchange outlets, which can be exchanged for cash or directly used in major foreign banks, international hotels, restaurants and other consumer places at any time. If you have used up paper traveler's checks, you can also exchange paper traveler's checks at the designated business outlets. If cash is lost, it is difficult to get it back, and traveler's checks are accidentally lost or stolen, you can also report the loss, make claims and make emergency compensation.
There is a discount for international remittance through online banking.
Alipay can remit money 24 hours a day.
Most international students and their parents choose overseas telegraphic transfer to pay tuition and living expenses. T/T is more convenient for large remittance. You only need to know the other party's bank account number, payee's name, bank name and swift number to remit money. It is usually received within a week.
It should be reminded that foreign exchange needs to be purchased before bank wire transfer, and foreign currency can be purchased in cash and cash, while foreign currency purchased by overseas wire transfer is cash. If you accidentally make a mistake in the form of purchasing foreign exchange, the loss will be great. For example, Mr Zhang wants to make an overseas wire transfer of $65,438+$0,000. According to the foreign exchange rate quoted by Bank of China at 9: 46 am yesterday, the selling price of US dollar cash is 648.7 1, and the buying price of US dollar cash is 640.94. Mr. Zhang spent 648,765,438+0 yuan RMB to buy 654,380,000 US dollars in cash, but overseas wire transfer was made in the form of US dollars in cash, so the US dollars in cash purchased by Mr. Zhang could not be wired. Mr. Zhang Can only converted US$ 65,438+RMB 00,000 into US dollars in cash and bought back US$ 65,438+RMB 00,000. He only got 64094 yuan, and lost 777 yuan before and after.
The reporter visited and learned that overseas wire transfer not only charges the remitter's handling fee, but also the payee will be charged a certain intermediate fee. The fees charged by different countries are different, but there are still some concessions for overseas wire transfer through bank online banking. According to official website of China Bank, overseas wire transfer banks charge the remitter a handling fee of 1% of the remittance amount, ranging from 50 yuan to 260 yuan. At the same time, overseas banks also charge a certain fee, which is deducted from the remittance amount. However, there is a 20% discount for online bank wire transfer.
In addition, you can also choose Alipay International Remittance. The reporter opened Alipay and found that there was no "international remittance" option before, and now it has become "Shanghai remittance". The maximum remittance fee paid by the remitter is 50, which is much more cost-effective than the bank's fee. At the same time, the operation on the mobile phone is also convenient, and the remittance can be completed in 2 minutes. You don't have to go to the bank to queue up, and you can handle overseas remittances 24 hours a day.
Emergency overseas remittance
Choose western union and moneygram.
When international students need urgent money, it is more convenient to use Western Union remittance and MoneyMoney remittance in China.
They have one thing in common, that is, the remittance speed is relatively fast, and the other party can receive it in 15 minutes. However, the remittance currency is USD, and the amount of each remittance cannot exceed USD 65,438+0,000. You only need to fill in the payee's name, mobile phone, country and remittance amount, and then tell the payee the monitoring number and amount on the remittance slip. With this certificate and monitoring number, the payee can go to the local area to handle Western Union remittance and transfer. If the remitter has paid the handling fee, the payee does not need to pay any additional fees.
The staff of the Bank of Communications told the reporter that MoneyMoney is generally suitable for international students to use in an emergency, and the speed is fast, but the currency applicable to MoneyMoney is relatively limited. At present, only USD, EUR, GBP and AUD are supported.