Debt Consolidation Credit Counseling In Phoenix

Opportunities for Chinese emigrants grow as China's economy grows. Sixty percent of overseas Chinese professionals live in the U.S.

Chinese living in the U.S. are able to send more money back home than they ever have been. Chinese immigrants account for the largest amounts of remittance money being sent to their native country from the U.S.

There are a variety of different ways to send money to China. The majority of remittance to China is captured by formal service providers, mainly China Post, commercial banks and rural credit cooperatives.

If you are sending money back to a trusted relative in China, one way to do so would be through acquiring an ATM or debit card for them that is linked back to your checking or savings account.

If you would rather they do not have access to your account at all times, then a pre-paid debit card is another option. This allows the recipient access to funds only when you have refilled the pre-paid debit card.

Sending money to China via bank wire transfer is another option. However this can often be more expensive as US banks will charge a transaction fee. This service can often take up to several weeks to process.

A fast and easy way to send money to China is through an online service such as ATM Cash. This allows you to transfer money from your own computer 24 hours a day 7 days a week.

Although multinational banks have developed direct online international money transfers, many of the facilities that deal with the international funds transfers to China are network based. These networks have expanded, thus making it easier and more efficient to send money to China, both to its urban areas and rural areas.

There are increased fears of money laundering and illegal activities associated with international money transfers. The U.S. government has stipulated that money sent to China cannot exceed USD 3,000 per capita/ per day and that checks are limited to below 10,000 US dollars.