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withdrawing large amount$$ with foreign card

kingofthekerb (131 posts) • 0

so I need to pay my yearly tuition here in kunming but my school doesn't accept foreign cards. so i can withdraw maximum daily limit of cash from an ATM but i'd have to do this everyday for... a damn long time. is there any bank that allows big withdrawals from foreign cards? or a way maybe of swiping the card somewhere that would be able to transfer the $$$ into ¥¥¥ ?

lawlz0mg (201 posts) • 0

each bank has a daily limit. youd have to contact your bank. i can do 6k rmb per day.

zofar (3 posts) • 0

don't know where you are from, but if from the usa, then try the following:

1. call your bank and ask for higher withdrawal limits

2. transfer from your bank in the states to your china bank where there are no withdrawal limits ... you will need the swift codes and other info (your acct, the bank name, your name and spelling (even caps) on your chinese acct

3. if from the usa, then try to setup a schwab bank acct ... the limits are up to $2k (12k rmb) per day ... also they reimburse atm fees

AlexKMG (2387 posts) • 0

Quickest solution is to call your bank at home, tell them your in China and need your daily limit atm withdrawal allowance increased to pay tuition. Then try taking out figures of 3k-5k rmb at crs machines of icbc, bank of china, or merchants bank.

Or see if you can pay for 6 months tuition instead of a year.

mPRin (821 posts) • 0

I'm surprised they don't take Visa or Mastercard ? My uni does. Six months is probably not an option as it hikes up the price a lot. Yep. just contact your bank and explain the situation.

Good luck!

laotou (1714 posts) • 0

You can try to run your card through the system, however you'll need to make sure your card is authorized for use in China - so you'll need to be on the phone with your card's issuer (some will accept collect calls), while they're running the card through the Chinese VISA system.

When they attempt to process the card over here, the issuer will get a request notice - which most US card systems auto-reject - chalk it up to overzealous anti-fraud software.

Assuming nobody's doing anything strange, the card issuer should be able to pseudo-manually authorize the transaction for that brief window of time that you're in the office.

If/when you call your card issuer - make sure they know you're in China - and can hopefully transfer you to a bilingual assistant.

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