U.S. bank cards cannot transfer money to Alipay. Because if you want to transfer money to Alipay, you need to open online banking first, and then bind your bank card to Alipay so that you can transfer money. However, there is no agreement between banks in the United States and Alipay, so transfers are not possible and can only be entrusted to relatives and friends in China for assistance.
Methods for cross-border remittance:
1. Money order and overseas wire transfer
Money order is one of the more familiar businesses, and it is also the most expensive among the five ways. Cheap. Individuals can carry the money order abroad with them and then redeem it at a bank outlet without the need for a receiving account, but the collection time required for redemption is longer. In comparison, overseas wire transfer is faster, but the handling fee is relatively high. The specific arrival time of bills of exchange and overseas wire transfers is also related to the country, region and the clearing bank of the selected foreign bank, and must be judged based on different circumstances. In addition, there are currently fewer customers using money orders. However, some embassies require a money order when applying for a visa.
2. Travelers’ checks
If money orders and wire transfers are too troublesome, you can also choose travellers’ checks. The advantage of traveler's checks is that they are small in denomination and easy to use. They can be spent directly in overseas hotels, shopping malls, taxis, etc. They can also be exchanged for local cash at local banks or exchange agencies, but the handling fee is higher. When purchasing from a domestic bank, you generally have to pay a handling fee of 1, and there is no upper limit. In addition, children will have to pay a 0.75 handling fee when cashing out overseas.
3. International credit cards
Currently, there are two main ways to send money from home to abroad, one is credit card, and the other is remittance. With a credit card, money should be loaded onto the card in advance. However, if you exceed your overdraft limit when using a credit card abroad, it will involve a repayment problem, which is very inconvenient for overseas cardholders. Therefore, it is still recommended to use remittance methods, including wire transfer, money order, and MoneyGram. At present, many commercial banks have launched international student credit cards specifically for overseas students. Now children can apply for supplementary cards when they are 15 years old or older. Parents can flexibly control their children's supplementary card limits by applying for a primary card. Parents and children can receive simultaneous bill notifications. Parents can Monthly bills provide a clear understanding of your children’s consumption and help them develop a sense of rational consumption.
4. International remittance business
If relatives and friends abroad have urgent matters, you can choose MoneyGram, Western Union and other channels. The biggest advantage of the international remittance channel is that it is fast, usually 30 minutes The entire process can be completed in up to 1 hour. But the cost is higher. MoneyGram is convenient, fast, and payment collection can usually be completed in 10 minutes. You can collect money at various MoneyGram agent outlets without an account, such as foreign supermarkets (Walmart Supermarket in the United States), banks, post offices, pharmacies, etc., and the handling fees are low. "Liu Yanan said. It is reported that according to the regulations of the State Administration of Foreign Exchange, the upper limit of cash a person can carry out of the country is 5,000 US dollars in equivalent foreign currency. If the amount exceeds 5,000 US dollars, you need to go to the bank to issue a foreign exchange carrying permit. It is recommended that everyone, for the sake of safety, It is not advisable to carry too much cash abroad at a time.
5. Exchange Bitcoin, USDT for US dollars, Australian dollars, Canadian dollars and other foreign currencies
Now is the era of blockchain, international remittance through digital currency. It's also possible, and it's fast, with the money arriving in ten minutes without any exchange losses.