US currency in China bank
I know there have been a lot of posts concerning converting RMB into US dollars. But what if you have US dollars sitting in a Chinese bank account? Can you ask this to be paid out in US currency and is there any paperwork involved? I guess I could ask the bank (Bank of Communications) but wanted to see if anyone here had any experience with this since sometimes the answers vary at the banks.
Thanks!
I have cashed out some money in USD from Bank of Communications before. It was a long time ago, though, so I don't remember the procedure, but it is possible. I did it at the main branch on Jiuzhou DaDao. I may had to go upstairs in the back building to the international banking section, I don't know. The good news is that they speak a bit of English up there.
Cashing a few thousand Dollars should not be an issue.
I bank with HSBC and could even transfer them out online with instant credit overseas by "HSBC global transfer".
Just inquire on what their limit is per day. Normally shouldn't be a problem.
Thanks everyone! But is there any paperwork involved other than a normal withdrawal?
pretty much your passport should be enough. If it's over their set limit then you May need a special permission. Why not call their hotline? They always have people speaking English. I use China construction and instead of going to inquire i call their hotline. I also blocked my debit cards over the phone when they got stolen.
Oh...forgot to mention that I am US citizen if that matters and the amount is just a few thousand dollars.