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aidamnor
Barker
Joined: June 19, 2006
Posts: 126
Status: Offline
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 Posted:
Nov 10, 2006 - 11:09 PM |
 
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I totally agree with underh20; it is no longer a question of opinion, pat_togo, the banking services as outlined by h20 ARE in existence and they are quite convenient really. |
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santamaria |
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tijssie80
Veejay
Joined: Sep 04, 2006
Posts: 1812
Location: Shanghai, Honkou
Status: Offline
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Nov 10, 2006 - 11:21 PM |
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But nevertheless...thanks Pat for all your info.
It will remain a choice on what is important to whom and what people consider service, easiness etc.
Tnx all  |
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Great legs! ...what time do they open? |
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foreverinchina
PopStar
Joined: Nov 21, 2005
Posts: 1249
Location: 徐家汇
Status: Offline
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Nov 11, 2006 - 12:08 PM |
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| pat_togo wrote: |
| Maybe u are confusing ICBC with another bank (HSBC)? |
Yes i did mixed them up. Sorry for the confusion i caused. |
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To govern a big country is like cooking a small fish.
Stir as little as possible.
- Lao Zi, Daode Jing 256 BC |
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johnfatz
Squeeker
Joined: July 27, 2006
Posts: 17
Status: Offline
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Nov 14, 2006 - 11:11 AM |
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Easy once you have enrolled.
Go to your BOC branch with pass book / passport and tell them you want to access net banking.
No problems!
Then you can use the English BOC site ( Shanghai ) and see balance / transaction history. |
Does anyone have a link to an english BOC site? I can get the normal page they have in English but when I try to log on then I am directed to a Chinese page. |
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underh20
Shanghai Royalty
Joined: Sep 27, 2006
Posts: 9641
Location: EOA Seminar
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Nov 14, 2006 - 11:40 AM |
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The only English online banking site I have ever been able to find for BOC is for their single-currency international credit card. |
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بارك الله ، بارك الله |
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myellen
Reacher
Joined: Sep 14, 2004
Posts: 333
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Nov 14, 2006 - 01:02 PM |
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| underh20 wrote: |
| pat_togo wrote: |
| As for changing foreign currency to/from RMB we are talking here of online banking not the general system, of course if I go to a branch office I can get it done. |
If you re-read the posts, I think my use of the language makes it clear that I am talking about changing RMB into foreign currency (US$ and HK$) online. Why would I do it in a branch when I already do it online in real time? |
Hi guys, this's of the topic but could you please tell me how to change RMB to foreign currency (USD), either online or in a branch ? what's needed to make me able to do the exchange ? which bank that you suggest ? I have called both ICBC and CMB, but strange that they said they can't accept the exchange (there's big possibilities that I misunderstood though, they speak in Chinese and kind of annoyed that I don't got it)
Thanks |
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underh20
Shanghai Royalty
Joined: Sep 27, 2006
Posts: 9641
Location: EOA Seminar
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Nov 14, 2006 - 01:10 PM |
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Foreigners are not usually allowed to exchange RMB into foreign currency unless it is a result of having excess RMB left over from a documented exchange of the foreign currency to RMB done within the preceeding 6 months and then only at the point of exit from China.
You are allowed, however, to use RMB to buy foreign currency in order to pay foreign currency charges to a Chinese bank-issued credit card or to pay a Chinese bank-granted mortgage in foreign currency. Certain types of employment contracts also stipulate that a certain amount of one's local earnings can be freely converted into foreign currency, but those types of contracts are generally for English teachers I believe.
You might find the only option is to find a black market contact who is in the currency exchange business. |
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بارك الله ، بارك الله |
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myellen
Reacher
Joined: Sep 14, 2004
Posts: 333
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Nov 14, 2006 - 01:18 PM |
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How about foreigner that got paid in RMB, no excuse? |
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underh20
Shanghai Royalty
Joined: Sep 27, 2006
Posts: 9641
Location: EOA Seminar
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Nov 14, 2006 - 07:02 PM |
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| myellen wrote: |
| How about foreigner that got paid in RMB, no excuse? |
I'm not sure if I understand correctly. Do you mean those who are paid their salary in RMB? If so, unless the employee has a contract with that state-owned entity that allows for a portation of their salary to be converted into RMB, I would say their only recourse for foreign currency is the black market.
But the black market isn't as bad as it sounds. With an abundance of caution, common sense and a tiny bit of luck, you'd have no problems.
Another option is to save all your RMB and lug it down to Hong Kong to exchange. That option does have obvious drawbacks, of course. |
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myellen
Reacher
Joined: Sep 14, 2004
Posts: 333
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Nov 15, 2006 - 08:51 AM |
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Have you ever buy USD in black market? Are there possibilities for them to try to exchange customer's money with fake USD? I don't really know how to deal with such things, might be you could share some infos and person to go to ?
I heard if you got tickets to go to outside china you might change legally here, is that true? If it's true, do you know the terms and conditions?
The company where I work to is a foreign company, but they paid their worker in RMB and they do give contract, no mention about possibility to change some of the salary to USD though. |
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underh20
Shanghai Royalty
Joined: Sep 27, 2006
Posts: 9641
Location: EOA Seminar
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Nov 16, 2006 - 10:14 PM |
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| myellen wrote: |
Have you ever buy USD in black market? Are there possibilities for them to try to exchange customer's money with fake USD? I don't really know how to deal with such things, might be you could share some infos and person to go to ?
I heard if you got tickets to go to outside china you might change legally here, is that true? If it's true, do you know the terms and conditions?
The company where I work to is a foreign company, but they paid their worker in RMB and they do give contract, no mention about possibility to change some of the salary to USD though. |
Yes, I have used the black market here for many years now without any problems, but there are chances you could be defrauded if you are not careful. Unfortunately, due to the open and anonymous nature of this forum, it would not be wise for me to give you the name and contact information for my contact.
If you hold a Chinese passport, you are allowed to exchange RMB for foreign currency once a year upon presentation of a valid foreign visa. This is not so with foreign passport holders unless you are going on company business and your company makes the necessary arrangements.
Not all companies facilitate their employees changing foreign currency. Yours might be one. |
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doctortos
Lurker
Joined: July 12, 2005
Posts: 20
Status: Offline
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Nov 17, 2006 - 05:36 AM |
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johnfatz
Squeeker
Joined: July 27, 2006
Posts: 17
Status: Offline
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Nov 17, 2006 - 09:29 AM |
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doctortos you are a legend!! thanks for that!  |
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