China
Where should I setup a bank account in China?
We asked expats in China what banks they use and there advice about banking. They advised...
"With its rich culture and friendly locals, China can be an attractive destination for retires from around the world. However, it is important to be aware of the cultural and administrative aspects of living in China. Expats should take the time to familiarize themselves with the language, particularly for day-to-day tasks like opening a bank account or finding the best place to buy groceries. Understanding local laws and regulations is also important. Lastly, it is important to research healthcare options, as private healthcare in China can be expensive and the public healthcare system may not cover certain treatments," explained one expat living in China.
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"No, we use the Boeing Credit Union but still have an account with Bank of America. My husband has his paycheck deposited in our savings account at Boeing. We can check on our accounts and transfer and such by online banking with Boeing. We have an ATM card for Boeing that we are able to use at SELECTED ATM'S in Tianjin and Beijing. Not all bank cards can be used at the ATM'S located in China," said another expat in Tianjin, China.
Other Questions:
- What do I need to know before moving to China?
- How do I find a place to live in China?
- What is a typical expat home or apartment like in China?
- What is the average cost of housing in China?
- Should I buy or rent a home in China?
- What should I pack when moving to China?
- What cultural faux pas should I try to avoid making in China?
- Why do people move to China?
- What are healthcare services like in China?
- What are medical services in China like?
- What are typical rents in China?
- What appliances are typically included in a rental?
Where should I setup a bank account in China?
If you live in China, newcomers to China would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
