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Is anybody aware of people being checked/searched if the take more than $5000 out of China?Is there a document asking about this?
Did this change recently? It used to be >10k USD. I’ve never heard of anyone being searched for it. AFAIK the law is mostly in place to make sure people aren’t bringing fortunes out of the country illegally, and some cases of working ‘around’ the law by hiring migrant worker type people to hoof the limit across to HK en-masse on people’s behalf..
I would be really careful about going anywhere with that much cash. If you arrive in the US with that much cash, for example, you can have the cash taken from you for basically no reason, with little recourse for getting it back. Seems very risky to me.
Eh? USA is 10k USD too. However, I read a funny story about this:
Man has undeclared $10,000 seized at border after exchange rate pushes him over limit to take from country
Man has undeclared $10,000 seized at border after exchange rate pushes him over limit to take from countryEh? USA is 10k USD too. However, I read a funny story about this: http://news.nationalpost.com/2013/04/02/man-has-undeclared-10000-seized-at-border-after-exchange-rate-pushes-him-over-limit-to-take-from-country/ Man has undeclared $10,000 seized at border after exchange rate pushes him over limit to take from country
Even if you’re under the limit, customs can seize money from you for almost any reason. I’d feel as nervous passing through customs in the US with that amount of money as I would in China.
customs can seize money from you for almost any reason
Well – while I think it’s absolutely criminal, I guess I can believe that. AFAIK cash is usually returned, even if it’s over the limit, minus a penalty (like in Canada penalty for over 10k in cash is like, $2500cdn), unless they claim to have reason to believe it’s from illegal means….in which case you need to prove otherwise (like financial records or something, this may be tough)
That being said, why not just use western union and pay the $40usd or whatever, save the risk of losing it into an airport toilet or something out your pocket or whatever. Simplify!
customs can seize money from you for almost any reason
Well – while I think it’s absolutely criminal, I guess I can believe that. AFAIK cash is usually returned, even if it’s over the limit, minus a penalty (like in Canada penalty for over 10k in cash is like, $2500cdn), unless they claim to have reason to believe it’s from illegal means….in which case you need to prove otherwise (like financial records or something, this may be tough) That being said, why not just use western union and pay the $40usd or whatever, save the risk of losing it into an airport toilet or something out your pocket or whatever. Simplify!
Exactly. Just be careful about putting the money into your US bank account! That will raise flags.
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