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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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632 posts

Joined: Aug 2012


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!
TSEmimarson
post Dec 7 2020, 12:59 PM

On my way
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Junior Member
632 posts

Joined: Aug 2012


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
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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
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34k which method is the best?
TSEmimarson
post Dec 7 2020, 01:34 PM

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Junior Member
632 posts

Joined: Aug 2012


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

QUOTE(ihm11 @ Dec 7 2020, 01:00 PM)
WU 9.9/10 is scam
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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.
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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
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But the fees to purchase those coins also makes up to the real money transfer

TSEmimarson
post Dec 7 2020, 01:47 PM

On my way
****
Junior Member
632 posts

Joined: Aug 2012


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
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Is it the best exchange rate in the market?
Does it have limit on transaction?

 

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