Wechat wallet

[froztheart]

Mari bank transfer to Alipay is to China id holder accounts only and the fx is better than to WeChat. Can't fathom why.

Probably haven't clear regulations.

 

[HoGnix]

Couldn't transfer from Mari credit card. Able to transfer to WeChat wallet from savings but fx has 0.46% difference.

I can use Mari Saving Account to transfer to my WeChat linked China Bank account previously,(SG Passport opened), not sure now. Recently use DBS, because DBS has it's Remit Promotion for new user ( can do yearly), With that, it beat the Mari Bank FX rate.

 

[yhw22]

I can use Mari Saving Account to transfer to my WeChat linked China Bank account previously,(SG Passport opened), not sure now. Recently use DBS, because DBS has it's Remit Promotion for new user ( can do yearly), With that, it beat the Mari Bank FX rate.

How does DBS remit work? Can share more information.

 

[iamnagel]

Can I transfer the money on my WeChat to another person's wechat?

 

[HoGnix]

How does DBS remit work? Can share more information.

on WeChat, search mini program and set up the “跨境汇款 微汇款”, and set up your wechat receive information first, then use DBS Remit to remit the money to Wechat. see below DBS link for the detail.
https://www.dbs.com.sg/personal/digital-banking/promotion/remit-wechat

 

[hermes76]

so basically, all spending in China (any amount) should be done via WeChat Wallet (backup with Alipay).

The main challenge is to top-up WeChat Wallet with the best exchange rate.

And currently via MariBank overseas transfer is 1 of the best rate around.

All the above correct?

 

[sbl2560]

Couldn't transfer from Mari credit card. Able to transfer to WeChat wallet from savings but fx has 0.46% difference.

Definitely there will be a difference in FX. For CC, Maribank

so basically, all spending in China (any amount) should be done via WeChat Wallet (backup with Alipay).

The main challenge is to top-up WeChat Wallet with the best exchange rate.

And currently via MariBank overseas transfer is 1 of the best rate around.

All the above correct?

Absolutely correct

 

[yhw22]

on WeChat, search mini program and set up the “跨境汇款 微汇款”, and set up your wechat receive information first, then use DBS Remit to remit the money to Wechat. see below DBS link for the detail.
https://www.dbs.com.sg/personal/digital-banking/promotion/remit-wechat

Oh. But the rate like lower than Maribank. i Just check the rate is only RMB5.15 as compared to Maribank RMB5.20.

DBS promo, you referring to this?
Enjoy up to S$60 cashback1 when you make your first overseas transfer with DBS Remit and apply the cashback voucher available on digibank.

• Transfer at least S$300 to enjoy S$12 cashback!
• Transfer at least S$1,500 to enjoy S$60 cashback!

 

[yhw22]

Can I transfer the money on my WeChat to another person's wechat?

Yes. including 红包 too.

 

[HoGnix]

Oh. But the rate like lower than Maribank. i Just check the rate is only RMB5.15 as compared to Maribank RMB5.20.

DBS promo, you referring to this?
Enjoy up to S$60 cashback1 when you make your first overseas transfer with DBS Remit and apply the cashback voucher available on digibank.

• Transfer at least S$300 to enjoy S$12 cashback!
• Transfer at least S$1,500 to enjoy S$60 cashback!

Yes.

 

[froztheart]

so basically, all spending in China (any amount) should be done via WeChat Wallet (backup with Alipay).

The main challenge is to top-up WeChat Wallet with the best exchange rate.

And currently via MariBank overseas transfer is 1 of the best rate around.

All the above correct?

Yes, accurate.

 

[froztheart]

Can I transfer the money on my WeChat to another person's wechat?

Yes, wallet balance have no restriction for transfer/red packet.

 

[xiaofan]

Yes, wallet balance have no restriction for transfer/red packet.

Provided that Real Name Authentication has been done by uploading the Singapore Passport.

So far seems no restriction after done that.

 

[xiaofan]

on WeChat, search mini program and set up the “跨境汇款 微汇款”, and set up your wechat receive information first, then use DBS Remit to remit the money to Wechat. see below DBS link for the detail.
https://www.dbs.com.sg/personal/digital-banking/promotion/remit-wechat

Nice, last time only for Chinese Citizens.

https://www.dbs.com.sg/personal/digital-banking/promotion/remit-wechat
Sending money to China just got easier! DBS Remit now supports Weixin (WeChat) transfers for both local and foreign users.

Whether supporting your family or topping up your Weixin (WeChat) for travelling in China, enjoy almost-instant transfers to Mainland China with preferential rates and zero fees.

 

[xiaofan]

https://www.dbs.com.sg/personal/support/bank-overseas-funds-transfer-countries.html

1. Mainland China - Bank Account --> NOT FOR Singapore Citizen

​

Who can I send to?​

Bank accounts belonging to individuals who are residents of Mainland China: We do not support transfers to businesses or corporate accounts.

2. Mainland China - Alipay Wallet --> NOT FOR Singapore Citizen

Who can I send to?
You can send money to Alipay wallet users who have completed real-name verification in Alipay with one of the following documents:

A People’s Republic of China Resident Identity Card, or
A Mainland Travel Permit for Hong Kong and Macau Residents

3. Mainland China - Weixin (WeChat) --> this will work for Singapore Citizen

Who can I send to?

You can send funds to Weixin (WeChat) users who are verified with one of the following identification documents:

Mainland China Second-Generation Resident Identity Card
Mainland China Permanent Resident Identity Card
Mainland Travel Permit for Hong Kong and Macao Residents
A passport, excluding passports issued by Mainland China, Hong Kong, Macao, or Taiwan

 

[froztheart]

Provided that Real Name Authentication has been done by uploading the Singapore Passport.

So far seems no restriction after done that.

Yes, this is the prerequisite.