I consider myself an old China hand, especially after being in China for so long but I found myself stumped today when I needed to send money to Hong Kong. I’m sure there are a good number of poor students working off their student loans as English teachers in China (I know I was) but just how do you send money out of this country?
I always personally go to the man with the hip bag outside of the main branches of Bank of China [to change money] and then take a plane home but, how does one do it legally? — Ash, Shanghai
Well Ash, Shanghaiist definitely doesn’t know anything about people working illegally in China, especially, as English teachers (or freelance journalists). And, after three years here, Shanghaiist has only had to send money home once. However, if more people fill out the Shanghaiist Reader Survey, we are confident this situation would change dramatically. So please Donate five minutes of your time … feed a blogger for a week!
But, begging aside, Shanghaiist’s friends send money through Western Union. They are located in many, if not all, Agricultural Bank branches around town. You can wire up to $2,000 USD per day (so you will still need to change your RMB into USD with your friend the hip-bag-man) without raising any eyebrows.
However, if you have lots of money you need to send, on one hand, you are much luckier than Shanghaiist, but, on the other, you face a lot more difficulties. We have heard you can set up an account through Citibank, HSBC, or other international banks and access your RMB in Hong Kong (which can be changed to other denominations). However, the details are a bit hazy, so we suggest calling the banks up directly.
We also recommend checking out Shanghai Expat’s forum, which has lots of
borderline illegal innovative suggestions here, here and here.
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Photo from kidplastik.
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