New To Suzhou -Bank Issues

Hi ImperiumVita

Welcome to Expat.com!

I hope other members will be able to help you.

All the best,
Christine

If you haven't solved your problem yet, I suggest you go back to the bank and speak to another person.  You may have to go to one of the major branch offices where the staff is more experienced and better informed.

You can tell them you want to convert your RMB's to USD's and transfer them by wire (or T/T).  They should be able to do the paperwork for you.  You'll need your US bank's routing number, Swift Code, your account number, and the bank branch address and phone number.  Your US bank can supply you that information to you.  It may be available online. You cannot send more than $30,000 in one day, or more than $50,000 in one year.  Smaller amounts shouldn't be a problem.  I know this from personal experience and by confirming this with a local business person.  I can't tell you what the exchange rates and banking fees will be for this, but you have to consider them as the cost of doing business in order to get your student loans paid.

You can also hold USD's and RMB's in the same account, but it will be up to your employer to pay you in USD's.

Thank you for the message Eli, that's reassuring. 

I did speak with my company about this and the lady in charge of finances has assured me something can be done.  She didn't go into detail but it sounded like it involved some paperwork so maybe its what you've described.  She hasn't asked for any of my US Bank info yet though it's probably just because I haven't got to my first payday yet.  It sounds like it will work out.