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#1
12-16-2006, 02:27 PM
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Money transfer: USA to China
Hello,
I’m regular importing small amounts of goods from China. My problem right now is that my bank (SunTrust bank) is charging me for each transfer from the USA to China $50. I would like to avoid this $50 and I am now looking for a better and cheaper solution to transfer money from the USA to China. If anybody has an idea, please let me know. 
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#2
12-16-2006, 02:32 PM
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Western Union cost about half that.
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#3
12-16-2006, 02:35 PM
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At HSBC, and Chase Manhattan bank, there is a $25 flat fee to send money to any country. With WU the fee is based on the amount of money being sent.
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#4
12-16-2006, 02:38 PM
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I pay about $35 CDN for my transfers to China. The question is, if you have your BIZ account with bank A, is it worth it to switch banks to save $25 on transfers?
I only mean that it would be a royal pain for me with having to switch/notify all the sources that currently draw auto payments from my account etc.
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