SO i went around figuring how to setup Wechat pay and Alipay.. Wechat pay which advertise it works with International Visa & Mastercard doesnt seem to work. In the case of students, it is still possible to get a card, but the financial requirements tend to be a lot stricter.The financial requirements for obtaining a credit card vary greatly depending on the bank and the credit card requested. Usually, with 100k as an initial deposit, the on-duty manager would personally welcome you, invite you to a VIP room and deal with all the paperwork on behalf of you.Ha! The bottom line is that you’re going to need to open a bank account Yes and no. Bank personnel have the right to ask for residents permit and work permit info, too,Though, the latter can be overlooked with a more flexible branch manager. There is no “magic bank” that works well so the only advice I can give is to keep trying different banks until you can find one that will let you open an account. Even so, information tends to be a minimum, so it is always recommendable to have some help.When you open a bank account, they will automatically give you a debit card on the Chinese Union Pay system. In terms of sound markers like the diaeresis and accent marks, this is not something you have to worry about, as they are just going to ignore them.Keep in mind that computer systems are designed for Chinese users, in which names are a maximum of 3 characters with the last name first. I have been here on toUrist visas and last year tried opening accounts with ABC, bank of china, china merchants bank (in sunlitun) and one other… all without success. Very helpful and comprehensive article, I must say.I will go on an exchange program in chongqing for 5 months. If you’re an American citizen, you can apply for a 10 year visa, which will increase your chances of getting a visa, compared to a short term visa.As such, the banks often require that the applicant has sufficient funds before they approve the application, as they have to manage the FATCA reporting to the US government.Personally, I’ve used China Merchant Bank and found their services very good.In 2016, I could only transfer 500 US dollars a day out of China, which forced me to visit my China Merchant Bank branch every day for quite a long time. Travel China the smart way! Keep in mind that for most expats or travelers going through this process of opening a Chinese bank account, … All That’s it! The bank is China Construction Bank, just in case someone living in Zhengzhou is reading this. In my experience, though, my UnionPay card is only valuable throughout Asia. I’ll make that update.I’m in China now. Best of luck with your China bank account!Download "44 Tips You MUST Know Before Traveling to China".
i was only able to open it under some pretty special circumstances.That’s entirely up to you. They also only have priority and gold account that require 150k Rmb or 1mil rmb min balancE! The most important thing I learned is that the name on the account has to match EXACTLY.
Either way, unless you’re confident can write your address and information in Chinese characters, the staff is usually able to help you.They’ll also likely go make a copy of your passport and visa that you’ll need later.When your number is called, provide them with your passport and the form. YAY!The account opening took like 40 minutes, quite a lot, but they never asked me anything unreasonable. However, the verification of my union pay card with boc did not go through as paypal tried to send $1 to my account. I still need to be verified with a local bank card. It’s unclear exactly how foreigners are going to be able to use WeChat going forward with all these changes. They’ll have you sign a few other documents, tell you how much money is required for deposit and hand a new At some point during the process a small keypad next to you will light up and scream at you to input a password. Also, not all banks are authorized to accept international wire transfer (generally only the big state owned banks like BOC, and ICBC)Best to use western union. Enjoy!There was an error submitting your subscription. Expert tips and travel advice for China tourists and expats.When it comes to getting money into China, especially as an expat, I’ve found that Transferwise is a cheap and convenient alternative.You can create a free account easily, send money to your China bank or just hold one of 50+ currencies in the Transferwise account.To open a bank account in China requires time, but overall it’s not particularly complicated. Do I necessarily need to open a bank account if I plan on shopping online? He’s fluent in Chinese, I’m not.And yes, I have a Chinese SIM card already and have WeChat Pay already set up, just don’t have a way to fund it outside of begging friends/family to transfer a small amount of money…and these were all possible pre March 2019 restriction that imposes Real Name Authentication.I set up a chinese paypal account hoping to send money to my us paypal account. I’m not sure if the fees are much different with any of these.From my experience, It’s possible to open a joint account in China. You should be able to do this by yourself (if you’re adventurous enough!). I’ve been looking at opened Ng an account just because of WeChat pay, it seems impossible to use other means, I do not live in China but I travel over there a lot, and it seems that not always the ATMs allow for withdrawals with my card.I’m glad it was useful! I just filled up my hotel address. I have been in beijing for 1 year now and using wechat without a bank account (just by having an interNational credit card as verification and friends transferring money in for me). Despite the fact that commissions are normally small in China and given the ease of opening bank accounts, it is a good idea to obtain a new bank card when you move to another area of China.Finding staff capable of speaking English tends to be quite difficult, even at major branches in main cities. Shopping or getting paid is a lot easier with a China bank account; 2. Make sure to bring the requirements listed above. As China develops, it’s become almost impossible for foreigners to open bank accounts unless they have a Residence Permit and either study or work there.But, it can be worth giving it a try, but be prepared that a great majority of the banks will reject your application.
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