I followed the following experience and successfully wired transfer USD from WAMU (Washington Mutual Bank) to my account with 招商 in China last week. 0 fee. $1000 out and $1000 in. 24-hour speed. Two thumbs up to WAMU and CMB - China Merchants Bank 招商!
freeskyline (freeskyline), 信区: Money
标 题: Monday WAMU汇钱回国(招商)成功, 一分未少!
发信站: BBS (Wed Apr 25 11:33:34 2007)
Went to a local WAMU branch just beside my home on Monday 4-23-07.
Originally wanted to follow Money版 JHQ's experience to do domestic transfer
to my grandpa's 招商 account. But the branch manager advised me although
they wouldn't mind doing that for me, they would strongly recommend me do
International Transfer. He insisted that first, WAMU international transfer
is free, second, doing domestic transfer then credit to my grandpa's 招商
account in China later on is not the normal way and would not be 100%
success guarantee.
Finally I listened to him and chose International Transfer.
Beneficiary Name and Address: Grandpa and his address in China
Beneficiary Account: Grandpa's 招商 account ( 一卡通 number)
Beneficiary Bank: China Merchants Bank
Correspondent Bank: Citi in New York
Amount: USD 1000
昨晚Tuesday 登陆招商 online专业板, logged in my grandpa's account. Bravo, $
1000 showed up and 一分未少!! Very fast and easy!
Then I did 招商网上结汇 (limit is US$50K) online right away and converted
USD1000 into RMB. Rate: 770.32.
发信人: freeskyline (freeskyline), 信区: Money
标 题: Re: Monday WAMU汇钱回国(招商)成功, 一分未少!
发信站: BBS (Thu Apr 26 01:11:24 2007)
WAMU has a drop down list for correspondent bank on their international
transfer system.
Ask the bank officer to select Citi N.A. New York on the correspondent bank
drop down.
【 在 maizegirl (叮当) 的大作中提到: 】
: Sounds nice.
: I want to try tomorrow.
: Would you mind to tell me what "correspondent bank: Citi NY branch" for?
: Thank you.
: transfer
: transfer
WAMU汇钱回国(招商)成功, 一分未少!
所有跟帖:
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谢谢分享
-BayFamily-
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04/30/2007 postreply
14:51:56
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WAMU's online savings account is 5% APY
-newfei2008-
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04/30/2007 postreply
15:02:26
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why "Citi N.A. New York" has to be the correspondant bank?
-pediatrician-
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04/30/2007 postreply
15:45:48
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Because 招商's web site uses Citi in their demo
-newfei2008-
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04/30/2007 postreply
16:05:10
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newfei, do you have to have an account with wamu to do this?
-Pediatrician-
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04/30/2007 postreply
15:52:32
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Yes, you need a free WAMU checking account to do free wire trans
-newfei2008-
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04/30/2007 postreply
16:03:12
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thank you so much! your info comes right on time!
-pediatrician-
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04/30/2007 postreply
16:05:44
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Yeah, this has been my purpose as well. And USD just drops every
-newfei2008-
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04/30/2007 postreply
16:09:19
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i get ready to catch the crash of chinese stock :)
-Pediatrician-
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04/30/2007 postreply
16:15:29
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Good to know that. Thanks for sharing.
-beenthereyes-
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04/30/2007 postreply
16:21:31
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Zero cost for wiring money? Any catch?
-mnosense-
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04/30/2007 postreply
16:59:14
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No catch. You can go to a WAMU branch to wire $100 to try
-newfei2008-
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04/30/2007 postreply
18:35:34