In regards to the tax forms, does that mean we're getting taxed to withdraw?
The mobile account method you mentioned means we need to pay like a transaction fee or conversion fee?
I would like to understand how did they even managed to deposited USD and kept it as USD in the bank. If I go to Wells Fargo with RMB and deposit it, won't it be converted to USD value in the account?
Elderly likes cash I guess. They've done this over 10 years ago, details are fuzzy without going back into China, and we definitely don't want to visit anytime soon.
sixstalks OP t1_j6o4qoh wrote
Reply to comment by BearMethod in how could my parents withdraw USD out of a Chinese bank? by sixstalks
In regards to the tax forms, does that mean we're getting taxed to withdraw?
The mobile account method you mentioned means we need to pay like a transaction fee or conversion fee?
I would like to understand how did they even managed to deposited USD and kept it as USD in the bank. If I go to Wells Fargo with RMB and deposit it, won't it be converted to USD value in the account?