greeneyedlady wrote:Has anyone transferred from a US Bank to ICBC in China?
I want to transfer from my B of A account to ICBC. Someone told me it's better to use Bank of China.
overh20 wrote:justinbirm wrote:It shouldnt take long at all, during business days should be there within 10minutes. i just transfered some from New Zealand. I have also transfered money on a weekend and that wont appear till the monday in the china account, I would be double checking all the bank accounts are correct. Unless your transfering a significant amount of $$$$$ then it may take longer.
10 minutes will never happen from US to China. There is a minimum 12 hour time difference and transfers simply do not happen outside of normal banking hours.
In my experience, Bank of China is THE worst. HSBC is great only because a large number of wires go through HSBC as the correspondent bank. If that is not an option, ICBC has been really fast for me. One problem, though, is that although ICBC or Bank of China is a national-level bank, they do not operate as such. Each province has their separate Bank of China or ICBC kingdom and they work differently. For example, if I place an online wire from ICBC Guangzhou at 3 pm, it is in my US account within 1/2 an hour of the bank opening -- and that's considering I have to use a correspondent bank. From ICBC Beijing it can take an extra day -- and is often more expensive.
Whichever of the big banks you use, it should not take longer than 3 working days after you take into consideration time differences.
Also, IME, the name issue isn't so strict. Of course, it is best to have your name exactly as it appears on your passport, but this is seldom practical. I have had wires arrive problem-free missing middle names and with the order of names in a mess.
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