Quote:
Originally Posted by dry_gin
i was wondering - is there a monetary limit for a singaporean to transfer money into a chinese account?
I tried transfering 10k sgd to china but the tt shop ask me for invoice.
also is there a monthly limit to transfer by a singaporean to a china account?
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Funds inflow to China no limit.
China government lagi happy you remit more money into China.
They only control capital outflow.
Due to MAS regulations if above S$5000 remittance company will ask for your NRIC and reason for remittance.
Big amount use bank TT instead.
If you die die want to use remittance companies to transfer funds.
Break up the amount and remit on different days.