Hi everybody,
This is to seek for anybody's advice on the best way to transfer Chinese Yuen out of the country. The best way means the cheapest, most convenient ways possible.
Btw, do you receive your salary in CNY or in other currencies?
I checked with the local bank and according to them there is a cap of an equivalent amount of USD50k per year that can be allowed to be transfered out of the country. Not to mention the accompanying transfer fee of max CNY410 per transaction.
Not that I am having that amount of money, but just curious to know what if we suddenly decided to quit work and move out from China. Traveling back here again just for money withdrawal can be quite taxing financially.
Anybody's suggestion or sharing of experience will be very much appreciated.
Transfer CNY Out of China
Hi Khawar,
Brilliant ideas! I will try out the first option when I am back to my hometown. Thanks!
I used my China's ATM card in my own country for withdrawal, and the fees is only RMB20 per transaction. I would say, it's worth to do this way, for security and convenience.
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