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    Opinion / Forum Trends

    Laowais complain about China's banking services

    ( bbs.chinadaily.com.cn) Updated: 2014-10-24 08:48

    RealMadrid1 (Germany)

    When I was living in China up to 2010 (excepting during the 2008 Olympics), there was a max of US$500/day could be transferred out of China (by a foreigner), unless you had a huge amount of paperwork. To send money back to Australia for my children, it took a full day every month to obtain all the paperwork, then another 1/2 day going to the bank, dealing with all the queues, going back after lunch for additional signatories, etc, etc.

    Laowais complain about China's banking services

    A clerk counts money at a bank in Ganyu, Jiangsu province.

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