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Thread: International money transfer

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[quote=CANADAGUY,275585]>>Is this going to be a regular deal?

I set up a bank account for my gal and sent her the ATM card.<<

This would be just a one-time payment (I borrowed some money the day before I left).

Hey Griz, it's funny you should mention that.
Last night as I was pondering my options I thought about sending her my ATM card.
That way she could withdraw RMB cash and not have to deal with any currency conversion.

I looked a little further into this company called Paystone and decided to give it a shot.
I hope it will work out.

I set up an account with them and initiated a funds transfer from my bank (online)
to Paystone. It will take 2-4 business days until the funds reach Paystone.

At that point Paystone says I can transfer the money to a Shanghai Pudong Development Bank (SPDB) in her city, Guangzhou.

Next I e-mail her the details of the transaction and she is supposed to be able to go to the SPDB bank and pick up the funds. She'll have to convert the $CAN into RMB at the bank as Paystone will only transfer $CAN or $US.

It will cost a little less than making out a bank draft and mailing it to her.
It will also take less time to reach her; about a week.

I'll keep you posted on how things go.
[/quote]

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