Money/ Banking

[tac 0]

Hello all

I am new to this so here goes****

My wife and I were married in Shanghai on 8/26/2005. I have not done a timeline yet but hope to have Visa by late May or June.

She wishes to sell her Home in Shanghai and buy a smaller one there and transfer the remaining money to the States. She has asked me how. I have no clue. Does anyone know the ropes? Maximum limets. Banking laws? Any help would be appreciated.

Todd

[tac 0]

Hello all

I am new to this so here goes****

My wife and I were married in Shanghai on 8/26/2005. I have not done a timeline yet but hope to have Visa by late May or June.

She wishes to sell her Home in Shanghai and buy a smaller one there and transfer the remaining money to the States. She has asked me how. I have no clue. Does anyone know the ropes? Maximum limets. Banking laws? Any help would be appreciated.

Todd

Well no info yet.. how about ... Has anyone had experence wiring money from China to the States??

Todd

[cmartyn 0]

The USA doesn't care how much cash you bring in. Just don't use a duffle bag unless you have to. If you use a duffle bag, there is a form you need to fill out if you have over 10,000.00 US. Bearer bonds are a nono too. Anything else like a check and the bank does the paperwork automatically.

[Qiao - 108 days 0]

Hello all

I am new to this so here goes****

My wife and I were married in Shanghai on 8/26/2005. I have not done a timeline yet but hope to have Visa by late May or June.

She wishes to sell her Home in Shanghai and buy a smaller one there and transfer the remaining money to the States. She has asked me how. I have no clue. Does anyone know the ropes? Maximum limets. Banking laws? Any help would be appreciated.

Todd

I hope you are getting close to getting your visa!

As a foreigner, sending money into China is easy, and getting it out is horrible. I lived In Beijing and I had to try to pay some bills in the US, and I spent hours in banks. There is a transaction limit but I cannot remember what it is. If you send over the limit you have to sign a form indicating what the money is for. Of course these are the rules for foreigners. It is easier for Chinese to move cash, but there are still transaction limits.

I have found that going to different bank branches can make a big differences to the answers that you will get. If you have trouble or the people give you a hard time, try another bank!

Good luck!