Various remittance methods have different speeds, and they can reach the account within 24 hours at the earliest. If you choose a branch of a commercial bank in China to remit money to China in the United States, it will generally arrive in 24 hours. Then remittance by check is relatively slow, about one month, and the handling fee varies from 20 to 40 yuan. In addition to domestic banks, you can also choose Bank of America for wire transfer, but the handling fee of Bank of America is generally expensive, ranging from 15 to $30.

Under normal circumstances, the time for foreign remittance to China is as follows:

1. T/T: Generally, it will be received within 2-3 working days.

2. Use express remittance: for example, money transfer and Western Union remittance will arrive in 10 ~ 15 minutes.

3. Remittance through SWIFT: It can be received within 3-5 working days.

: Remittance from the United States to Bank of China:

1. Sending a personal check-the most economical way, but it takes a long time.

You can use any bank check. On the check, the payee should write Pinyin, and the Chinese name should be written on the memo, or the payee's ID number can be written.

The payee shall handle the collection at any foreign exchange bank in China with his ID card. The handling fee is about 20-40 yuan RMB. It will take about 1 month, and the bank will call to inform the collection. After the account is received, it is foreign exchange, and the payee can withdraw RMB or US dollars.

2. Deposits of China Bank in the United States are transferred to domestic China bank accounts.

Usually, telegraphic transfer can arrive within 24 hours. After the account is received, it is foreign exchange, and the payee can withdraw RMB or US dollars.

Up to $2999, expenses: T/T $20, postal remittance $ 10. Write a check, fill in the form, fill in the China bank account number accepted by China and the name and address of the other party, and provide the relevant certificates required in the form. The handling fee will be deducted directly from the total amount of your check.

3. Handle wire transfer at local bank in the United States

Generally, it can arrive within 24 hours. After the account is received, it is foreign exchange, and the payee can withdraw RMB or US dollars. ID card with photo, and provide the following information to local banks in the United States:

Name of beneficiary (payee)

International remittance code

Bank Name: Bank of China xxxx Branch

account number

China Bank new york Branch Chip Code: 0326

The payee can obtain the SWIFT code, bank name and account number from China Bank in China.

This method is suitable for large remittance. Generally, the bank charge in the United States is $65,438+$05-$30, and that in China Bank new york Branch is $65,438+$00.

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

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

Use traveler's checks

This method is suitable for travelers themselves. It may be free to buy traveler's checks at the bank. AAA members can buy them at AAA for free. There is a handling fee of 0.75% for cashing traveler's checks in banks in China.

Credit card consumption abroad, the United States, 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.