The Wire Transfer

Banking is always a major affair, in China.  It can take between 1 and 3 hours to wait for your number to come up and get your transaction done, even if it is something as simple making a deposit.  Like all money transactions, in China, a transaction at a bank involves much hand-stamped paperwork.

Today, after spending twenty minutes waiting (I have begun to take VIP numbers, lately, to shorten my wait...no one questions it because they think that the foreigner just did not know what he was doing), it took over an hour to complete my wire transfer transaction from China to the US from my Chinese bank to my US one.  Moreover, it takes at least that long, every time.  What is worse, they usually also make me fill out the forms more than once because they only understand English letters written a very specific way, or the writing is not acceptable.

The first time that I did a wire transfer from China to the US, it took a month for the money to get there.  Just more examples of China inefficiency.

 

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