Similarly, using a prepaid debit card is not always useful if they live in a town without ATMs or merchants that accept cards. For this reason, you should find out how prepaid debit cards are looked upon in the area before you transfer money to China using one.
Fortunately for your relatives in China, using a prepaid debit card is a great option. There are many ATMs and merchants that do indeed accept debit cards. This is especially true if your relatives reside in a big city like Beijing or Shanghai, since there are hundreds of ATMs available. Of course, if they live in a smaller town, you should ask them how convenient a prepaid debit card would be for them. Most likely, your relatives will enjoy the flexibility that it brings them.
In addition, the fees charged to your relatives will be low when you transfer money to China with a prepaid debit card. When they need to remove cash from the ATM, it will cost less than 10 renminbi. What is helpful is that they receive Chinese currency, called renminbi instead of U.S. dollars. This means that exchange rate fees can be completely avoided. The same is not usually said when using other methods to transfer money to China, such as banks.
Another advantage of using this type of card to transfer money to China is that the fees you will pay are lower in general than most other methods. You will only have to pay $ 5 to add funds to the prepaid debit card, using either the phone or the Internet. It is fast, so you can do it from work or from your phone while waiting in line at the store. You have the ability to add up to $ 1000 at once, with the fee never changing whether you add $ 50 or $ 999. This is in contrast to many options, such as banks that charge either a high flat fee or a percentage of what you send. This way, you will always know how much you will pay to transfer money to China so that you can budget accordingly.
There are plenty of ways to transfer money to China, and you should take some time to decide which one is right for you and your recipients. For many people, a prepaid debit card is the best available, and it works well for most countries. However, some areas are not as friendly as others to debit cards, so be sure to ask your relatives about their thoughts on the matter.
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