BrianB
Recycles dryer sheets
Has anyone here lived in China for an extended period? Not sure if these are "Travel" questions or "Money" questions, but here goes.
DD has finished college and is signing up to teach English in Shanghai, China for two years starting this August. She gets room & board paid, and a modest stipend for other expenses. She is working & saving money now to have funds for more travel while she is there. She has some travel experience including 6 months in South Africa, 2 months in France & Spain, and some time in Mexico.
Our questions are about accessing money safely from her Fidelity accounts in the US:
We've heard that in China most daily transactions are cash not debit or credit card. Is this still correct?
Should she get an account at a Chinese bank? If so, any helpful advice on how and where to do this?
Is transferring money from the US to an account there as easy as ACH transfers within the US?
We've heard horror stories about cyber security (or lack of) for electronic communications in China. Suggestions for keeping secure & avoiding fraud?
Any other helpful advice? This is our only child so we worry a lot, and our international travel experience is limited to Europe and Mexico. Support from the employment agency seems spotty at best.
DD has finished college and is signing up to teach English in Shanghai, China for two years starting this August. She gets room & board paid, and a modest stipend for other expenses. She is working & saving money now to have funds for more travel while she is there. She has some travel experience including 6 months in South Africa, 2 months in France & Spain, and some time in Mexico.
Our questions are about accessing money safely from her Fidelity accounts in the US:
We've heard that in China most daily transactions are cash not debit or credit card. Is this still correct?
Should she get an account at a Chinese bank? If so, any helpful advice on how and where to do this?
Is transferring money from the US to an account there as easy as ACH transfers within the US?
We've heard horror stories about cyber security (or lack of) for electronic communications in China. Suggestions for keeping secure & avoiding fraud?
Any other helpful advice? This is our only child so we worry a lot, and our international travel experience is limited to Europe and Mexico. Support from the employment agency seems spotty at best.