Will definitely return it.

Summary of methods to remit money from the United States to China:

1. Sending a personal check - the cheapest way, but takes longer

You can use any company Bank check. On the check, write payable to in pinyin, memo to write the Chinese name, and you can also write the payee’s ID number.

The payee can handle collection at any bank in China that handles foreign exchange business with his or her ID card. The handling fee is about RMB20-40. You need to wait for about 1 month, and the bank will call you to notify you of the payment. After arriving in the account, it is foreign exchange, and the payee can withdraw RMB or US dollars.

2. Deposit from Bank of China in the United States to an account at Bank of China in China.

Usually wire transfers can arrive within 24 hours. After arriving in the account, it is foreign exchange, and the payee can withdraw RMB or US dollars.

Below $2999, fee: $20 for wire transfer, $10 for postal transfer. Write a check, fill out the form, fill in the account number of the Bank of China and the name and address of the other party accepted by China, etc., and provide relevant certificates required on the form. The handling fee will be directly deducted from the total amount of your check

3. Wire transfers processed by local banks in the United States can usually be received within 24 hours. After arriving in the account, it is foreign exchange, and the payee can withdraw RMB or US dollars. Bring your photo ID and provide the following information to your local bank in the United States:

Beneficiary Name (payee)

SWIFT code

Bank Name: Bank of China xxxx Branch

Account No.

Bank of China NY Branch CHIPS code: 0326

The payee can obtain the SWIFT code, Bank Name and Account No.

This method is suitable for large-amount remittances. Bank handling fees in the United States generally charge $15-$30, and Bank of China New York Branch charges $10.

4. Use Citi’s ATM card to withdraw money for free from Citibank’s ATMs in Beijing, Shanghai and other places.

5. Use Debit card to withdraw money from ATMs (with Visa or Mastercard logo) of Bank of China, Bank of Communications, ICBC and other banks.

The handling fee of Bank of China is 3%, and the handling fee of other banks needs to be verified. All online banks do not charge fees for using other banks' ATMs, but other banks may charge fees. Some online banks, such as FirstIB and Netbank, will rebate ATM fees (up to $6 per month), which means you can use other banks' ATMs for free.

6. Deposit money directly to ICBC’s international loan and mail card. I just called and said yes, but no clear answer yet.

And it is said that there is an agent bank here.

7. Use credit cards from MBNA, Wachovia and Fleet.

For credit card purchases outside the United States, the VISA/Mastercard network charges 1%, which is inevitable. On this basis, foreign exchange transaction fees are generally charged, but MBNA, Capital One, Wachovia and Fleet do not charge them.

The current actual exchange rate for using MBNA credit card in China is approximately 8.17RMB/$, which is slightly lower than the cash purchase price of 8.21. Many MBNA credit cards have a 1% rebate.

8. Use travellers’ checks

This method is suitable for travelers themselves. Buying travellers' checks at the bank where the account is opened may be free. AAA members can purchase for free at AAA. There is a 0.75% handling fee for cashing travellers' checks at banks in China.

9. Use Western Union to transfer money

This method is the fastest and can be withdrawn within 1 hour, but the handling fee is higher. The payee can withdraw money at the Agricultural Bank of China or the post office with his or her ID card and reference code.

10 Telegraphic transfer to China Merchants Bank

To ensure that you can receive the remittance smoothly, please refer to the following guidelines and ask the foreign remitter to accurately fill in the following information:

From Incoming USD wire transfers from around the world

Please instruct your banker to transfer the USD funds (by T/T via CHIPS) as follows:

Correspondent: Citibank N.A., New York (CHIPS ABA) : 0008)

(China Merchants Bank’s US dollar account bank name and its CHIPS ABA or SWIFT code)

Beneficiary's Bank: China Merchants Bank, H. O. Shenzhen

CHIPS UID: 298375

(Remitting bank: China Merchants Bank Head Office and its CHIPS code or account number)

Beneficiary's a/c no.: __________________________________

(Receipt Ren-Card card number, passbook account number)

Beneficiary: ____________________________

(Payee account name: personal name in Mandarin Pinyin)

Remarks: /TELE/pay through CMB___________ (city) Branch

11. Use BOA to withdraw money for free at China Construction Bank ATM

Go to the BOA website, select locations, and then you can see the words on the right

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Traveling Internationally?

Use your ATM card or Check Card within our Global ATM Alliance in the

countries shown with no fees.

where There is China Construction Bank (China)

As for this thing, I tried it when I went to Canada. I used the BOA card to withdraw Canadian dollars from its alliance bank Scotiabank.

It was based on the official exchange rate. Complete USD debits from your account with 100% accuracy. Unlike many students who return to their home countries, whether they use USAA

or CITI or HSBC, their scores are only 99% or less.

BOA Domestic Money Withdrawal FAQ

Use your ATM card or Check Card within our Global ATM Alliance in the countries shown with no fees.

Use BOA’s card When withdrawing RMB from other alliance banks, US dollars will be deducted from the account based on 100% conversion of the official "foreign exchange buying price".