Wechat wallet

[quekkb]

I guess end of the day, opening a HK bank account might work too.
When I was in HK, Stan Chart had no issue opening bank account for me, but did not proceed due to insufficient cash on hand at that moment.

Anyone has HK bank account and able to verify that it works similar to a Mainland China account?

I have HSBC Hong Kong account with multi currency including CNY. It works similar to a Mainland Chinese account. I can use Alipay and Wechat wallet online paying CNY.

 

[quekkb]

You can try and let us know here?
Most internation credit card can be linked with Alipay and Wechat, all posted before in this thread,
nothing new ?

I was based in China for a long time in the past, I have 6 domestic bank accounts, and all are multi currencies accounts, When My wife' transfer money, it CANNOT be RMB, eg the SGD will enter my mutli currencies account, and than I have to go down to the banking counter , present my documentation than they will check than convert the rmb which will than be in the RMB act.

Of course things may change...so waiting for you to share your experience whether it is possible ?

As far as I know, HK, Macau & Taiwan Nationals are treated the same as Chinese Nationals,,,
and currencies control is based on Nationality and not which banks , Maybe things have change,
we await your results ?

If I visit China, I will try and ask HSBC China if I can easily transfer CNY between HSBC China and HSBC HK or HSBC SIngapore.

 

[16/8IF]

If I visit China, I will try and ask HSBC China if I can easily transfer CNY between HSBC China and HSBC HK or HSBC SIngapore.

Hopefully after that You can post the outcome so that everyone knows what is the latest regulation,

because there is "push' to make it easier for foreigners...

but personally I feel, apart from those places I named, the rest as long as currency control is there, it is difficult, maybe they will come with a certain limits.

You may like to look at Bank Of Communication, HSBC has a stake in it, maybe can be linked, not very sure.

 

[froztheart]

I have HSBC Hong Kong account with multi currency including CNY. It works similar to a Mainland Chinese account. I can use Alipay and Wechat wallet online paying CNY.

I see, do you happen to recall/know the requirements to open a HK HSBC account?

If I visit China, I will try and ask HSBC China if I can easily transfer CNY between HSBC China and HSBC HK or HSBC SIngapore.

This will be helpful information since the regulations are loosening for non-citizens.

 

[quekkb]

I see, do you happen to recall/know the requirements to open a HK HSBC account?

This will be helpful information since the regulations are loosening for non-citizens.

1. Hong Kong mobile account opening is available for select jurisdictions only and there are 15 passport types supported including: Australia, Belgium, Canada, India, Ireland, Italy, Jersey, Mexico, Philippines, Singapore, South Africa, Taiwan, United Kingdom, United States of America or Vietnam.

2. Apply online via mobile app (HKID holder or overseas passport1View footnote 1 holder)​

   You'll need to download the HSBC HK App to open an account online. You can apply if you're:
   • holding an eligible Hong Kong ID or an overseas passport1View footnote 1
   • new to HSBC
   • between the ages of 18-64
   • living in Australia, Macau SAR, Singapore, the UK or the US

https://www.hsbc.com.hk/international/banking-in-hong-kong/

 

[froztheart]

1. Hong Kong mobile account opening is available for select jurisdictions only and there are 15 passport types supported including: Australia, Belgium, Canada, India, Ireland, Italy, Jersey, Mexico, Philippines, Singapore, South Africa, Taiwan, United Kingdom, United States of America or Vietnam.

2. Apply online via mobile app (HKID holder or overseas passport1View footnote 1 holder)​

   You'll need to download the HSBC HK App to open an account online. You can apply if you're:
   • holding an eligible Hong Kong ID or an overseas passport1View footnote 1
   • new to HSBC
   • between the ages of 18-64
   • living in Australia, Macau SAR, Singapore, the UK or the US

https://www.hsbc.com.hk/international/banking-in-hong-kong/

Nice, it can even be applied online.
Shall take a look, thanks for the sharing, appreciate!

 

[quekkb]

Nice, it can even be applied online.
Shall take a look, thanks for the sharing, appreciate!

Yes. I transfer money to HSBC HK and exchange the required currency in HSBC HK. They offer better FX rates than HSBC SG.

 

[hellhole]

massive thread here... i tried searching and did not found my answer..

i have wechat app with the ewallet. I link my youtube card to it.

currently, i need to xfer some money to an travel agent in china. maybe up to 1000RMB.

i would like to ask if there is some transaction fee that i have to pay for
1) putting money from youtrip into the ewallet
2) xfer money in my ewallet to china
3) if there is no money in my ewallet, i xfer money to china and that money come from my youtrip ( possible??)

 

[quekkb]

massive thread here... i tried searching and did not found my answer..

i have wechat app with the ewallet. I link my youtube card to it.

currently, i need to xfer some money to an travel agent in china. maybe up to 1000RMB.

i would like to ask if there is some transaction fee that i have to pay for
1) putting money from youtrip into the ewallet
2) xfer money in my ewallet to china
3) if there is no money in my ewallet, i xfer money to china and that money come from my youtrip ( possible??)

Can't you just scan the travel agent QR to make the payment?

 

[hellhole]

Can't you just scan the travel agent QR to make the payment?

they will probably give me QR code... to make payment.

i want to know if there is any charges.. from the following

i would like to ask if there is some transaction fee that i have to pay for
1) putting money from youtrip into the ewallet
2) xfer money in my ewallet to china
3) if there is no money in my ewallet, i xfer money to china and that money come from my youtrip ( possible??

 

[dilphinus]

they will probably give me QR code... to make payment.

Can't you just scan the travel agent QR to make the payment?

They give you the QR code vs you scan their QR code, it's the same thing.

1) putting money from youtrip into the ewallet

not possible

2) xfer money in my ewallet to china

yeah can be done. how you gonna get money into your ewallet is another ?

3) if there is no money in my ewallet, i xfer money to china and that money come from my youtrip ( possible??

meaning you pay using your YouTrip card lah. Possible if you tie the YouTrip card to your payment app.

WeChat Pay and AliPay has a 3% transaction fee for a single amount > RMB200.

 

[quekkb]

they will probably give me QR code... to make payment.

i want to know if there is any charges.. from the following

i would like to ask if there is some transaction fee that i have to pay for
1) putting money from youtrip into the ewallet
2) xfer money in my ewallet to china
3) if there is no money in my ewallet, i xfer money to china and that money come from my youtrip ( possible??

They give you the QR code vs you scan their QR code, it's the same thing.

not possible

yeah can be done. how you gonna get money into your ewallet is another ?

meaning you pay using your YouTrip card lah. Possible if you tie the YouTrip card to your payment app.

WeChat Pay and AliPay has a 3% transaction fee for a single amount > RMB200.

If you link to a credit card or debit card, the wechat or alipay will deduct from the card. No need transfer.

 

[quekkb]

They give you the QR code vs you scan their QR code, it's the same thing.

not possible

yeah can be done. how you gonna get money into your ewallet is another ?

meaning you pay using your YouTrip card lah. Possible if you tie the YouTrip card to your payment app.

WeChat Pay and AliPay has a 3% transaction fee for a single amount > RMB200.

What is the point using Wechat and Alipay if there is 3% transaction fee for >RMB200.....?

 

[hellhole]

so .. this 3% cannot be avoided?? for every 1000RMB... i pay another extra SGD6 dollars! that is at least a wantan mee

 

[hellhole]

They give you the QR code vs you scan their QR code, it's the same thing.

not possible

yeah can be done. how you gonna get money into your ewallet is another ?

meaning you pay using your YouTrip card lah. Possible if you tie the YouTrip card to your payment app.

WeChat Pay and AliPay has a 3% transaction fee for a single amount > RMB200.

so its not possible to put money from your link youtrip card into the ewallet ..?

 

[dilphinus]

so its not possible to put money from your link youtrip card into the ewallet ..?

which part of 'not possible' do you not understand?

 

[quekkb]

so its not possible to put money from your link youtrip card into the ewallet ..?

If I use HSBC HK debit card paying RMB, no transaction fee. So I wonder why use Alipay and Wechat wallet??

 

[dilphinus]

If I use HSBC HK debit card paying RMB, no transaction fee. So I wonder why use Alipay and Wechat wallet??

You'll have to find businesses that accept your HSBC HK Debit card.

Most places only accept China issued cards aka UnionPay.

 

[hellhole]

which part of 'not possible' do you not understand?

just to be sure... hehe ...

 

[hellhole]

If I use HSBC HK debit card paying RMB, no transaction fee. So I wonder why use Alipay and Wechat wallet??

noted on that... but in my use case... i am trying to pay an agent in china...

so i am wondering what is the best way to pay without additional charges... maybe tng ewallet???