FlyerTalk Forums - View Single Post - Opinion: without Alipay and Wechat Pay, you are screwed in Shanghai
Old Nov 2, 2017 | 1:33 pm
  #20  
onuhistorian0116
 
Join Date: Jun 2010
Posts: 246
Originally Posted by JPDM
What $500 per day limit? Never heard of this.
I think this is in reference to the $500 daily limit for foreigners transferining RMB out of China. If you try go to a bank and try and wire money home, anything more than $500 requires a tax certificate, your contract, and your residence permit, and even then there are hard limits based on your income. A couple of years ago I did a favor for a friend who was leaving, his employer promised to transfer his final paycheck to his home country’s bank account, and they broke that promise. I transferred it out for him, and ended up being rejected the next time I tried to transfer money to my home bank account.
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