Although it’s possible in theory toopen a bank accountwithout having to physically show up at the counter, recent measures by theState Administration for Foreign Exchangeand thePeople’s Bank of Chinarequire the legal representative of foreign-invested enterprises to appear in person before a bank...
*Special Note*For those opening a foreign business in China, your choice of bank makes a much greater impact on you than as an individual. I recommend you contact a lawyer or specialist before deciding where to open a bank account in China. Also, are you not sure if you need to open ...
Learn how you can open a foreign currency account in the US using this helpful guide written by multi-currency account experts at Statrys.
People with foreign savings accounts—those located outside of the U.S.—are required to file theInternal Revenue Service (IRS) form known as the FBAR. This is true whether you opened the account at a local bank in that country or at a local branch of a U.S. bank, such as the Hon...
Employers need to get their contractor’s legal name, date of birth, contact information, bank account information, and identity certificate number (or TIN). The IRS compels employers to have their foreign independent contractors (including those based in China) fill out a Form W-8BEN. Then, ...
This convenient and seamless payment method enables foreign users to “pay like a local” in China, without the need to carry cash or open a Chinese bank account. 这种方便、无缝的支付方式使外国用户可以在中国“像本地一样支付”,而不需要携带现金或开立中国银行账户。
UnderBlock payments, make sure that the box next to "Have non-U.S. PayPal accounts" is unchecked to allow PayPal account holders from other countries to pay you online. You can choose to convert foreign payments into U.S. dollars automatically or accept without converting for up to 21 othe...
To open a bank account you normally need to visit a branch in person, preferably near to where you live or work with various documents in-hand. However, some banks are now allowing applications to be done online. When you register with the authorities in the Netherlands you will receive a...
ATM and bank teller fees. Withdrawals are usually free if you’re with one of the big German banks. But with a foreign card you can expect to pay up to €10 per transaction. International transfer fees. When sending money internationally to businesses outside of the EU, expect to pay a...
Yes, you can use WeChat Pay without linking a Chinese bank account, simply by adding credit card details. But there are some restrictions you should know about. WeChat Pay only accepts foreign credit cards, not debit cards. And you’ll only be able to use WeChat Pay in stores, not for...