kelhot2001
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Anyone know what the bank rate if convert for RMB to SGD
Anyone know what the bank rate if convert for RMB to SGD
If you got rmb cash then it's better to change at moneychanger.
My RMB in China, not in Singapore
If the amount is big, there are some money changers can do it for you. One money changer at Parkway Parade can do it. I used their service before but mine was SGD to RMB. I paid SGD and they deposit RMB to an account in China.
Really, is that possible, my amt about 200krmb onwards. But is it legal?
Legal or not, I am not sure. I gave cash to the money changer in Singapore, they deposited RMB in China bank account. My transaction was for 1,000 000 RMB. All done within 24hrs(within banking hours), could be earlier if not for my mistake. In your case, I think you can collect cash from them at their shop at Parkway Parade as there are a few banks located in the same building or nearby.
Lol, next time I have 500k rmb, I will look for you instead
Legal or not, I am not sure. I gave cash to the money changer in Singapore, they deposited RMB in China bank account. My transaction was for 1,000 000 RMB. All done within 24hrs(within banking hours), could be earlier if not for my mistake. In your case, I think you can collect cash from them at their shop at Parkway Parade as there are a few banks located in the same building or nearby.
Money changer or license remittance house?
Firstly remittance of SGD200k as a lump sum has its risk and no licence remittance house will do it for you.
The Chinese crackdown is no joke and you can cry when your Chinese account got frozen. If unlicensed, good luck.
Really, is that possible, my amt about 200krmb onwards. But is it legal?