How to transfer RMB to a Hong Kong account without loss
Benefits of a Hong Kong account: no transfer limits / very difficult to be judicially frozen / smooth spending in Mainland China
The fastest method with the least wear-and-tear
In the ZhongAn app, search for “Cross-Border Payment Link”
Copy the account number and account name,
In the four major banks’ apps, search for “Cross-Border Payment Link”
Transfer to Hong Kong, enter the account number and account name,
Purpose: choose travel/shopping/vacation
Transfers made before 23:00 each day arrive instantly
Single-transaction limit: 10,000 RMB
Daily limit: 30,000 RMB
Uses your personal foreign exchange quota (US$50,000 per year)
P.S.: ZhongAn has long-term promotions. With “Cross-Border Payment Link” transferring RMB to ZhongAn, there is an activity that offers a 10% discount—so you can exchange it into Hong Kong dollars with minimal loss. For details, check the Task Center
Among the four major banks, Industrial and Commercial Bank of China’s “Cross-Border Payment Link” is the most convenient and least troublesome. Bank of China is also okay. China Construction Bank is the most troublesome. Agricultural Bank hasn’t been tried.
Follow me—one small tip every day.
#入金
Benefits of a Hong Kong account: no transfer limits / very difficult to be judicially frozen / smooth spending in Mainland China
The fastest method with the least wear-and-tear
In the ZhongAn app, search for “Cross-Border Payment Link”
Copy the account number and account name,
In the four major banks’ apps, search for “Cross-Border Payment Link”
Transfer to Hong Kong, enter the account number and account name,
Purpose: choose travel/shopping/vacation
Transfers made before 23:00 each day arrive instantly
Single-transaction limit: 10,000 RMB
Daily limit: 30,000 RMB
Uses your personal foreign exchange quota (US$50,000 per year)
P.S.: ZhongAn has long-term promotions. With “Cross-Border Payment Link” transferring RMB to ZhongAn, there is an activity that offers a 10% discount—so you can exchange it into Hong Kong dollars with minimal loss. For details, check the Task Center
Among the four major banks, Industrial and Commercial Bank of China’s “Cross-Border Payment Link” is the most convenient and least troublesome. Bank of China is also okay. China Construction Bank is the most troublesome. Agricultural Bank hasn’t been tried.
Follow me—one small tip every day.
#入金