Wechat wallet

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HoGnix

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s7460597 said:
Couldn't transfer from Mari credit card. Able to transfer to WeChat wallet from savings but fx has 0.46% difference.
Click to expand...
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.
 
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yhw22

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HoGnix said:
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.
Click to expand...
How does DBS remit work? Can share more information.
 
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HoGnix

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hermes76

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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?
 
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sbl2560

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s7460597 said:
Couldn't transfer from Mari credit card. Able to transfer to WeChat wallet from savings but fx has 0.46% difference.
Click to expand...
Definitely there will be a difference in FX. For CC, Maribank
hermes76 said:
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?
Click to expand...
Absolutely correct
 
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yhw22

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HoGnix said:
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
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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!
 
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HoGnix

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yhw22 said:
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!
Click to expand...
Yes.
 
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xiaofan

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HoGnix said:
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
Click to expand...

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.
 
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xiaofan

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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
 
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yhw22

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By transfer/top-up your WeChat wallet money thru bank. For those in doubt.

🔎 How to Avoid the Fee
    • Use Wallet Balance: Funding your WeChat Pay wallet balance beforehand completely bypasses the 3% transaction fee on large purchases. [1, 2]
    • Split Payments: Keeping individual purchases under RMB 200 avoids the threshold when paying directly via a foreign card
 
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froztheart

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yhw22 said:
By transfer/top-up your WeChat wallet money thru bank. For those in doubt.

🔎 How to Avoid the Fee
    • Use Wallet Balance: Funding your WeChat Pay wallet balance beforehand completely bypasses the 3% transaction fee on large purchases. [1, 2]
    • Split Payments: Keeping individual purchases under RMB 200 avoids the threshold when paying directly via a foreign card
Click to expand...
That's right, only 2 option to bypass.
Wallet Balance is the wiser choice since by right "Split Payment" is gaming the system. :o
 
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