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 How to transfer money to China, Cheapest method

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TSEmimarson
post Dec 7 2020, 12:33 PM, updated 6y ago

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I just sign-up Western Union, but keep giving error C9999, customer service asked me to email them and I did.

Then I tried e-Remit, receiver option limited to AliPay, and need to provide AliPay receiver address.

Prefer online, can go to counter too if the rate is good.

Western Union rate in counter too high.

Any sifus with experience in transferring funds to China please help!
pretty23
post Dec 7 2020, 12:35 PM

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wash money err?
SUSAngelic Layer
post Dec 7 2020, 12:37 PM

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https://www.bankofchina.com.my/en-my/segmen...c-transfer.html
billyboy
post Dec 7 2020, 12:38 PM

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LamboSama
post Dec 7 2020, 12:39 PM

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TS don't transfer.
It's a scam.
SUSHappy360
post Dec 7 2020, 12:42 PM

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Open a multi currency acc in sg...transfer to sg first.

Subsequent can easily transfer to anyware....no restrictions
SUSbisobona
post Dec 7 2020, 12:43 PM

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QUOTE(Happy360 @ Dec 7 2020, 12:42 PM)
Open a multi currency acc in sg...transfer to sg first.

Subsequent can easily transfer to anyware....no restrictions
*
That way will double the cost
SiewLee30
post Dec 7 2020, 12:46 PM

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how much u wanna send? below RM10k can use bigpay oni ma

if rm300k and above I got lobang can get cheaper rate
xeNOS
post Dec 7 2020, 12:47 PM

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If it's not too large an amount use TransferWise

https://transferwise.com/invite/aef/limt2
TSEmimarson
post Dec 7 2020, 12:59 PM

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QUOTE(SiewLee30 @ Dec 7 2020, 12:46 PM)
how much u wanna send? below RM10k can use bigpay oni ma

if rm300k and above I got lobang can get cheaper rate
*
34k

QUOTE(xeNOS @ Dec 7 2020, 12:47 PM)
If it's not too large an amount use TransferWise

https://transferwise.com/invite/aef/limt2
*
34k which method is the best?
patienceGNR
post Dec 7 2020, 12:59 PM

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Use USDTether.
ihm11
post Dec 7 2020, 01:00 PM

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WU 9.9/10 is scam
ycs
post Dec 7 2020, 01:05 PM

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use this
https://www.instarem.com/invite/iJMIfS
19 Degree South
post Dec 7 2020, 01:10 PM

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Bank of china or Industrial bank of China! But their x change rate is quite low compared to market . Wechat pay also can mah.

This post has been edited by 19 Degree South: Dec 7 2020, 01:11 PM
homicidal85
post Dec 7 2020, 01:10 PM

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QUOTE(Emimarson @ Dec 7 2020, 12:33 PM)
I just sign-up Western Union, but keep giving error C9999, customer service asked me to email them and I did.

Then I tried e-Remit, receiver option limited to AliPay, and need to provide AliPay receiver address.

Prefer online, can go to counter too if the rate is good.

Western Union rate in counter too high.

Any sifus with experience in transferring funds to China please help!
*
bitcoin roughly rm3 transfer fee
nano is free transfer
ethereum is about rm10-20 transfer fee
TSEmimarson
post Dec 7 2020, 01:34 PM

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QUOTE(patienceGNR @ Dec 7 2020, 12:59 PM)
Use USDTether.
*
Buying USDTether will charge fee

QUOTE(ihm11 @ Dec 7 2020, 01:00 PM)
WU 9.9/10 is scam
*
Ya, really shit, macam force us to go counter nia, the online thing is unusable at all

QUOTE(ycs @ Dec 7 2020, 01:05 PM)
Did u tried it? I checked Google reviews seems trustworthy, will use ur referral link if its safe.

QUOTE(19 Degree South @ Dec 7 2020, 01:10 PM)
Bank of china or Industrial  bank of China!  But their x change rate is quite low compared to market . Wechat pay also can mah.
*
Malaysian is MYR wallet, China is RMB wallet, so kenot

QUOTE(homicidal85 @ Dec 7 2020, 01:10 PM)
bitcoin roughly rm3 transfer fee
nano is free transfer
ethereum is about rm10-20 transfer fee
*
But the fees to purchase those coins also makes up to the real money transfer

ycs
post Dec 7 2020, 01:37 PM

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QUOTE(Emimarson @ Dec 7 2020, 01:34 PM)
Buying USDTether will charge fee
Ya, really shit, macam force us to go counter nia, the online thing is unusable at all
Did u tried it? I checked Google reviews seems trustworthy, will use ur referral link if its safe.
Malaysian is MYR wallet, China is RMB wallet, so kenot
But the fees to purchase those coins also makes up to the real money transfer
*
yes, i've used it for few years now; its registered with BNM, so there is KYC done; their staff will come to see you for verification
TSEmimarson
post Dec 7 2020, 01:47 PM

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QUOTE(ycs @ Dec 7 2020, 01:37 PM)
yes, i've used it for few years now; its registered with BNM, so there is KYC done; their staff will come to see you for verification
*
Is it the best exchange rate in the market?
Does it have limit on transaction?
ycs
post Dec 7 2020, 01:51 PM

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QUOTE(Emimarson @ Dec 7 2020, 01:47 PM)
Is it the best exchange rate in the market?
Does it have limit on transaction?
*
their rates is based on mid-rates, bank rate is much higher; follow closely to xe.com rates, so you can wait for the best rates

BNM limit RM30k per transaction/day
SUSnasiputih
post Dec 7 2020, 01:52 PM

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QUOTE(Emimarson @ Dec 7 2020, 12:33 PM)
I just sign-up Western Union, but keep giving error C9999, customer service asked me to email them and I did.

Then I tried e-Remit, receiver option limited to AliPay, and need to provide AliPay receiver address.

Prefer online, can go to counter too if the rate is good.

Western Union rate in counter too high.

Any sifus with experience in transferring funds to China please help!
*
dont do it. its a scam.

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