I need to wire transfer $3000 to a colleague in Pudong who does not have a bank account in China.
I was told by a Western Union agent that the fee would be $26 and the conversion rate to RMB would be 6.7.
Has anybody used Western Union in China or in the Shanghai area. Are there any hidden charges, etc.?
Somewhat related, how hard is it for a non resident (tourist visa) to open a bank account to which $US can be wired?
All info appreciated.