china construction bank wire transfer

If you have ever wired funds internationally, you will know that it costs around $45 bucks to do a transfer. But if you are a Bank of America customer, than here is a very little known program that will let you wire money to china with the transfer fee waived only if the recipient is a China Construction Bank account/customer.

This program was started back in 2006 when B of A acquired a huge stake in CCB that started here in the bay area. When I first found out about this program, the local branches that I use were unaware of any program nor did anybody at the B of A call center, the one branch in San Francisco's China Town was able to point me in the right direction.

So if you want to make free wire transfers to a CCB account in China, you will first have to visit your local B of A branch to apply for international wire transfers (bring all necessary paperwork such as drivers license, debit card etc) in person where you will pick your password. B of A will provide a telephone number to call whenever you need to make a wire transfer. There are limits though, 3 wire transfers a month, $1,500 maximum per transfer and $3,000 maximum a month.

If you have any trouble setting up this account, please let me know and I will give you the branch number and bank manager that could speak to the B of A associate who which will undoubtedly be unaware of this program.