Question regarding Money

[amberjack1234]

I dont believe any $500 or $1,000 are in circulation any longer. One option would be cashier's check but the exchange rate you get on them is a bit lower than cash.

 

I dont have much experience with ATM in china as I usually bring cash. But lots of members here use ATM and there have been many posts about them recently. It sounds like a good option, especially through Bank of America and its China partner bank (forgot who it is). But I think there is a daily limit so you would probably need to do it for several days.

 

Regarding the wedding, I am curious as to how much you are planning to spend and what city/area the wedding will be and any details about the wedding you can provide because we are in the process of planning our Chinese wedding ceremony.

I did not even know they existed --

 

I have never had any problems using ATMs in China. My bank is Wachovia. The only problem is the daily withdrawal limit. Wachovia has a $500 USD/day limit (for my own safety they told me when I tried to increase it and bitched that it was my money that I wanted to get access to).

 

One option is to transfer the money beforehand to your girl's chinese bank account.

 

Second option is you can use your ATM/debit card (if it is also a Visa/MC) to get a cash advance from a bank in China. I did this with Bank of China and China Merchants Bank. The limit for that was $10,000/day. The drawback was the chinese bank chanrged 3% transaction fee (took it off the top so you got 3% less RMB than you paid for) and the Wachovia took the 2% international transfer fee (which that charge anyway for using the card in an ATM). So basically for 3% fee I could get a bank transfer via my ATM/debit card. I just made my compnay pay for the 5% fee ...

Perhaps you will find this link about US currency interesting then.

 

http://www.ustreas.gov/education/faq/curre...minations.shtml

 

Larry

Thanks...nice link. Now I know why I did not know they were in existance. I am too young to have ever seen them ...

You are welcome. I have seen the $500, $1000, $5000 and the $10000 ones but they belonged to someone else that collected them. Very rich furniture store business owner in my area. He got them from Las Vegas.

 

Larry