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China Banks

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Okie_Rob:
FYI: my experience with BOC
Jinxiang and I purchased a new house in Yueyang, located by her oldest
brother, in the same building, same complex, new gated community
This was a rush deal, so I sent Jinxiang to Yueyang in the middle of May(this year)
with a USA Bank Cashiers Check(sizable amount), which I instructed her to present, and open
up an account.  BOC told her it would take 40 days to clear ?? and they would
charge her a modest fee.
I was in my bank almost a month later, the Cashiers Check had cleared a few
days before....so when we QQ that night, I told her it had cleared....but the BOC
still held the funds until the 40th day.
So much for "fast" electronic money transfers....Guess ? The BOC does whatever it wants to.
I arrived in Yueyang Sept. 11 and we will travel back to Oklahoma on Oct. 21

Yesterday, I noticed most of the Banks closed here in Yueyang, for the Holiday
that started on Oct. 1.  When the ATMS run out of money, they are out for a few days
until banking resumes
just my 2 cents on BOC

Willy The Londoner:
I have never had a problem when transfering money from my London bank to my B of C bank here. 

I do it online because I am living in China and cannot go to my bank personally so I am restricted to sending 5000 GB pounds (about 8000 US) at any one time. My bank charges me 10 GB Pounds for this and so does the B of C.  I can do this as often as I like until I reach the limit in any year of 50,000 US Dollars. 

The B of C then always warn us when we are close to our limit for any particular year.  When this happens I change to having the money sent to my wife's account.  As we have spent so much on our new home this year I have also had to utilise my step daughters account until the end of this year.

I do the online transfer on Wednesday and I do not know how long it takes but it is always in my B of C account when we go there the following Monday.

I think the problem with your transaction was 'New account' and 'large amount' in the form of a 'Cashiers Cheque'. 

Willy

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