Banking Advice?

[Peter]

Hi guys!

I’m in Chengdu and just started working. I’m looking for advice on opening a bank account. I will need to send money home (South Africa) every few months, so that’s an important feature. I’ve worked like this in 3 different countries and usually certain banks are more friendly to foreigner needs.

Thanks in advance for any advice.

Peter

[Charlie]

I recommend Merchants Bank of China. That’s the bank that I’ve preferred after using Construction Bank, Bank of China, and some others. Proximity to your home or place of work may be a factor. In terms of services that banks provide I don’t find that there’s a lot of variation between them, but subjectively I have experienced less hassle and runaround from Merchants Bank. Sending money on a regular basis should be no problem no matter which bank you are at, although it can be a fair amount of paperwork and hassle.

[otchengdu]

The biggest is being patient, i don’t have any issues with Bank of China.

[Author]

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