There has always been lots of enquiry from students and parents about school fee and daily expenses handling tips in Mainland China. Here CEC lists the following common practices for your easy reference:
1. Remittance
2. Cash Payment
3. Traveler’s Cheque
4. Credit Card
5. China Construction Bank (Asia) ATM Remittance Service
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Out of these practices, Remittance requires students to set up a local account in Mainland China. And it involves complicated procedures with at least 2 to 3 days processing time. It is not suitable for any urgent cases if students need cash promptly. For some occasions, students carry plenty of cash exchanging RMB in Mainland China to settle school and rental fee. As a matter of fact, this is not a wise choice as there is a maximum limit for bringing cash in and risk for counterfeit note. Traveler’s Cheque is comparatively safe but expensive for its high handling fee. Using Credit Card settle payment is simple and easy but parents may be concerned about their children’s overspending problems and it may not be widely accepted by merchants in Mainland China.
According to parent and student past experiences shared with CEC, China Construction Bank (Asia) ATM Remittance Service, which offers round-the-clock free remittance and cash withdrawal service is the most innovative, secure and convenient solution to rely on. |
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China Construction Bank (Asia) ATM Remittance Service
This innovative ATM Remittance Service is specially designated for students studying in Mainland China. Parent simply open an account and transfer money via any JETCO ATMs and China Construction Bank (Asia) branches in Hong Kong, Online Banking or Bank By Phone Service while students can withdraw cash instantly in Mainland China with ATM Remittance Card. Students can withdraw cash at over 16,000 China Construction Bank ATMs throughout major cities and provinces in Mainland China without ATM handling fee. Cash withdrawal at 123,000 China UnionPay ATMs and settle payment with ATM Remittance Card at over 700,000 merchants supporting China UnionPay POS system is also accepted) |
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Benefits |
Benefits to Parents
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Benefits to Students
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Open account in Hong Kong
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Save you from account opening hassle in Mainland China |
Remit money anytime of the day including holidays, no longer restricted by banking hours
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Withdraw cash instantly via ATMs in Mainland China |
No need to arrange telegraphic transfers and service fee
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Withdraw cash at over 16,000 China Construction Bank ATMs without ATM handling fee |
Receive instant cash withdrawal alerts via mobile SMS & e-mail through FREE e-Alert service
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ATM Remittance Card is also accepted in Hong Kong |
Receive monthly consolidated statement
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