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How to remit money from home when buying a house in America?
Cross-border remittance: Remittance can be divided into telegraphic transfer and draft.

Composition of handling fee:

Remittance bank fee+telegram fee+intermediary bank fee+remittance bank fee.

If you remit money, there will be no telegram fee.

In addition, China UnionPay card now has a way to withdraw money directly from American ATMs.

Telegraphic transfer:

1. Intermediate bank charges can be completely avoided:

The center of global dollar clearing is in new york. Because both Bank of China and China Merchants Bank have new york branches, there is no need for an intermediary bank to remit money from these two banks to the United States, and the intermediary bank fee can be completely exempted.

The experience is that remittance to Bank of America in the United States only deducts the handling fee of $65,438 +05. Be sure to choose that both countries are big banks, so there is little or no need for intermediate banks.

The handling fee of remittance bank has nothing to do with which domestic bank you choose.

The money was taken by Bank of America. Usually around $ 15~20.

3. China Merchants Bank

Handling fee 1‰, with the lowest 100 yuan and the highest 1000 yuan. That is to say, there is a handling fee of 100 yuan for a dollar remittance. If it is a user of golden sunflower card Merchants Bank (with a deposit of more than 500,000 yuan), all remittance fees are free, and the fee is 0; For gold card users of China Merchants Bank Card (with a deposit of more than 50,000 yuan), the handling fee will be 50% off.

The telegram fee is 150 yuan RMB.

One advantage of China Merchants Bank is that it can operate itself in the Professional Edition of China Merchants Bank. So even if people are not in China. If you need to buy dollars in RMB, remember to buy cash, not cash.

4. Citibank

The handling fee is also 1‰, with the lowest 50 and the highest 500.

Telegraph fee 120 RMB.

5. China Construction Bank

The handling fee is also 1‰, with a minimum of 20 RMB and a maximum of 300 yuan RMB;

Telegram fee 80 yuan RMB

It will be supplemented by the Bank of China in the future.

Ticket remittance:

Remittance is the lowest bank fee in China, and there is no wire transfer fee for remittance, which is less than the above fee, so it is the cheapest on the whole. But remittance needs to carry or mail this ticket to the United States manually. Let's send it by registered mail. 10 yuan.

Free transfer of small funds (from China to the United States);

Use China UnionPay card to withdraw money from American ATMs. Most ATMs in the United States can use UnionPay cards to withdraw money.

Fees in the United States:

But it is not cost-effective to charge a handling fee of 2-5 dollars in the United States. The cooperative relationship with UnionPay is PNC Bank (free of American handling fee); Citibank (free of US handling fee, or only $2); And Wells Fargo in some places.

China handling fee:

Every bank is different, generally around 15 yuan, or according to a certain proportion of the amount, these are also very uneconomical. Free: At home, if you have a UnionPay card from Huaxia Bank or Citibank (China), overseas, you will even be exempted from the domestic 15 yuan handling fee. Huaxia Bank is exempted for the first time every day, while Citigroup seems to be exempted twice.

The conclusion is that it is completely free to use the UnionPay card of Huaxia Bank to withdraw money from the ATM of PNC Bank in the United States, or from any ATM in the world that accepts UnionPay cards, and neither party will charge any handling fee. With the UnionPay card of Huaxia Bank, you can withdraw money from the ATM of Citibank in the United States, and the first payment every day is completely free (or only 2 dollars in some places). The UnionPay card issued by Citibank (China) can also achieve the same free effect.