The place to ask China-related questions!
Beijing Shanghai Guangzhou Shenzhen Chengdu Xi'an Hangzhou Qingdao Dalian Suzhou Nanjing More Cities>>

Categories

Close
Welcome to eChinacities Answers! Please or register if you wish to join conversations or ask questions relating to life in China. For help, click here.
X

Verify email

Your verification code has been sent to:

Didn`t receive your code? Resend code

By continuing you agree to eChinacities's Privacy Policy .

Sign up with Google Sign up with Facebook
Sign up with Email Already have an account? .
Posts: 149

Governor

1
1
You must be a registered user to vote!
You must be a registered user to vote!
0

Q: What's the best way to take cash RMB to Canada?

I've heard I'll be able to take a cash amount of up to $5000USD AND 20000RMB, but I've also seen OR 20000RMB.  Can anyone confirm which is correct?

8 years 21 weeks ago in  Money & Banking - Hangzhou

 
Highest Voted
Posts: 2774

Emperor

4
4
You must be a registered user to vote!
You must be a registered user to vote!
0

I suggest putting it in condoms and swallowing it.

bojackhorseman:

That's what your mom does

8 years 20 weeks ago
Report Abuse

iWolf:

Your mum just swallows wink

8 years 20 weeks ago
Report Abuse

silverbutton1:

thanks for the laughs fellas. cheers.

8 years 20 weeks ago
Report Abuse

icnif77:

People swallow! Thingsangel!.....here

8 years 20 weeks ago
Report Abuse
Report Abuse
8 years 20 weeks ago
 
Answers (9)
Comments (17)
Posts: 9631

Emperor

1
1
You must be a registered user to vote!
You must be a registered user to vote!
0

It's OR. That is either 20000RMB in cash or 5000USD (or any other currency but no more than the value of 5000USD) 

 

So far I've never been inspeced when leaving China. I doubt the fancy x-ray machinery at the airport can tell a brick of cash from a small notebook of cool Mao quotes. 

Report Abuse
8 years 20 weeks ago
 
Posts: 2774

Emperor

4
4
You must be a registered user to vote!
You must be a registered user to vote!
0

I suggest putting it in condoms and swallowing it.

bojackhorseman:

That's what your mom does

8 years 20 weeks ago
Report Abuse

iWolf:

Your mum just swallows wink

8 years 20 weeks ago
Report Abuse

silverbutton1:

thanks for the laughs fellas. cheers.

8 years 20 weeks ago
Report Abuse

icnif77:

People swallow! Thingsangel!.....here

8 years 20 weeks ago
Report Abuse
Report Abuse
8 years 20 weeks ago
 
Posts: 3868

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Just use your unionpay card once in Canada. Though I've heard they're going to start applying an annual limit now to cut down on money being taken out of the country. 

bojackhorseman:

You've done this?  Any unionpay card can withdraw Canadian dollars?

8 years 20 weeks ago
Report Abuse

Hotwater:

Not personally in Canada but from what I read on Wikipedia it works on the Discovery network. 

 

https://en.m.wikipedia.org/wiki/China_UnionPay

 

i have used my unionpay card to withdraw local currency in Indonesia, Thailand, Vietnam, Sri Lanka, UK, & Italy. It wouldn't work in Ireland. Can be used in 141 countries worldwide but not all networks 

8 years 20 weeks ago
Report Abuse
Report Abuse
8 years 20 weeks ago
 
Posts: 1876

Emperor

3
3
You must be a registered user to vote!
You must be a registered user to vote!
0

Go to the business (main) branch of ICBC in your city and buy American Express traveler's cheques.

Bring all of your usual identity cards, passport, note from your mommy but you can get unlimited traveler's cheques or a certified cheque cut.

silverbutton1:

how high of an amount for the certified check ?

8 years 20 weeks ago
Report Abuse

mike695ca:

Thats actually very useful. Thank you

8 years 20 weeks ago
Report Abuse

Sinobear:

Last time I did this (many, many moons ago, you could get 25K USD in AE Traveler's Cheques and up to 10K USD per certified cheque (takes at least 6 working days to clear your bank over the pond).

8 years 20 weeks ago
Report Abuse

Shining_brow:

And how much do they charge for this?

8 years 20 weeks ago
Report Abuse

Sinobear:

I don't know how much they charge now...I paid a 3% service charge for the certified cheque.

8 years 20 weeks ago
Report Abuse
Report Abuse
8 years 20 weeks ago
 
Posts: 19790

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

China Merchants Bank Gold account with Visa/Mc ATM card.

No fee for purchases abroad with 'spot exchange rate' applied. Funds get deducted of Rmb holdings on the account.

Currency cash exchange in China by 'spot rate', no fee. (US$50k/year)

It might be some fee for ATM cash withdrawals abroad.

 

 

hi2u:

I used cmb gold card abroad, fee for atm withdrawal was less than 1%. Could only withdraw about 1600 Rmb per transaction.

8 years 20 weeks ago
Report Abuse
Report Abuse
8 years 20 weeks ago
 
Posts: 1153

Shifu

1
0
You must be a registered user to vote!
You must be a registered user to vote!
1

if u have a bank account in canada just transfer it to your bank cheapest and easiest

Hotwater:

Not as easy as that. You need to show that you've paid income tax on any money you want to transfer and there is a limit 

 

8 years 20 weeks ago
Report Abuse

27pence:

You can exchange up to 500 dollars a day without showing tax forms. Or just get a local to do it for you - up to 50000 dollars (US)

8 years 20 weeks ago
Report Abuse

bat22:

very interesting i do it all the time with no problem

8 years 20 weeks ago
Report Abuse

bat22:

27 pence u are correct i do it all the time but my wifes nother does it

8 years 20 weeks ago
Report Abuse

Hotwater:

I'll have to check this out with my bank, CMB, as I currently give my wife the money to transfer as she can do it all online, including buying Sterling first 

8 years 20 weeks ago
Report Abuse
Report Abuse
8 years 20 weeks ago
 
Posts: 7178

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

A total of about 6.6K Canadian.

 

Don't worry about it.

 

Put it in your wallet and take it with you.

 

What is your actual question? Do you want to ship millions out, or your pocket change?

 

Just leave it in your Chinese bank, and use your Chinese ATM card to withdraw it in Canada.

Report Abuse
8 years 20 weeks ago
 
Posts: 2578

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

I have been fighting/arguing with a Canadian bank for over a year now. It used to be simple to just transfer money back and forth, with very minimum fees.

the past year they have been using an intermediary bank, that is an undisclosed asshole that takes about 2%. who are they? why are they?  good luck getting an answer.. ... they tell me they have the cheapest and best transfer policy of international funds, and they do, for what they charge. But they send it to somebody else to complete it, thus another charge. not their charge, so their bullshit is legal and of course it is written in the small print that they have no idea what the intermediary bank will charge.

 

ATM with a confirmed one time charge per transaction is the best I have been using for this past year.

 

going to Canada, just take cash, unless you got a ridiculous amount, and if you have that, use your business/lawyer.

Report Abuse
8 years 20 weeks ago
 
Posts: 5

General

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

Not a bank for sure just go to exchange shop 

Report Abuse
3 years 33 weeks ago
 
Know the answer ?
Please or register to post answer.

Report Abuse

Security Code: * Enter the text diplayed in the box below
Image CAPTCHA
Enter the characters shown in the image.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <br> <p> <u>
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Textual smileys will be replaced with graphical ones.

More information about formatting options

Forward Question

Answer of the DayMORE >>
A:  "... through ..."?  Only "through" comes to mind is "S
A: "... through ..."?  Only "through" comes to mind is "Shenzhen agent can connect you with an employer, who's authorized to hire waigouren ... and can sponsor Z visa." It's not like every 10th person you meet in Shenzhen's hood can sponsor work visa ...  The only way to change from student to labourer visa is just a regular way by: 1. Finding an employer, who'll apply for an Invitation letter; 2. Exit China and apply for Z visa in your home country's Chinese embassy; 3. Enter China in 30-days after Z visa was stamped into your travelling instrument ...As I am aware, you won't be able to switch to Working permit by remaining in China....,so make ready for a return to your home .... -- icnif77