My friend encountered an unprecedented crisis when withdrawing funds!!!
Not only was the withdrawal account frozen inexplicably, but the person was also involved in a huge legal dispute and even faced huge fines of hundreds of thousands of dollars and several years in prison.
Have you ever encountered such a problem? Are the wealth accumulated over the years going to be wiped out? Are you ready to deal with the misfortune that may suddenly come?
I have compiled a nanny-level withdrawal tutorial. It has the lowest withdrawal risk and can be said that there is no other tutorial on the Internet that is so comprehensive, allowing you to directly put your money in the pocket. So be sure to like, follow and collect it in case you can't find it. Watch it and cherish it! !
You need to understand that the first step to withdraw money overseas is to solve the problem of global payment, so you need to have an account to accept payments from users around the world!
first step
You can go to Taobao to find an agent, pay 2K RMB, and register a US or UK company in 2 weeks.
As a legal global payment channel, a reasonable overseas entity is required. There are many ways to open an overseas entity. If you are overseas, it will be more convenient to operate. If you are in China, you can use the Taobao registration solution above, or you can choose to register on an agent website.
The agent website requires you to create an account and scan your passport. The whole process is completed on the website, and you will receive an email verification document. The registration fee is several dozen dollars and it takes 1 week.
Step 2
Many verifications require an overseas mobile phone number, so you need to apply for an overseas mobile phone card that can normally receive SMS verification in China. Search on Taobao, buy a British mobile phone card, mail it to your home, go to the official website to activate it, and buy the lowest package on the official website, which is about 6 pounds per month. After activation, you can receive SMS verification for various products around the world in China. You see, this is just a little information gap, and the entire Internet will not tell you.
Step 3
After successfully registering a UK company, you will receive the company registration information via email, including the name of the entity, the business number of the entity, the address of the entity, etc. With this information, apply to open a UK bank account on Wise.
Note: If Wise restricts UK companies from opening accounts, you can use Wanlihui as an alternative. Wanlihui is a product of Alibaba and it is relatively easier to open an account.
For example, you can choose to open a US dollar account, a British pound account, and a Euro account for receiving foreign currency payments.
Step 4
After successfully opening a corporate account, you can apply to become a merchant on a third-party payment platform, with Stripe being the first choice.
To create a new merchant in Stripe, you need to fill in the basic company information, legal representative name, address, company business description and other information.
One Stripe account can open multiple payment merchants and reuse the same principal information. If your business has many product lines, you can create multiple Stripe merchants and connect each product to a Stripe merchant to reduce the risk of putting all your eggs in one basket.
As long as you have a company entity and a public account, creating a Stripe merchant will generally be approved quickly. You may be asked to upload a proof of address document, but you can just use the company's registered address.
Of course, in addition to Stripe, there are also some other third-party payment platforms that can be used as alternatives. You can open a few more just in case!
Step 5
After you use a third-party payment platform to collect payments for a period of time, a certain amount of funds will accumulate in your third-party payment merchant account.
You can choose to withdraw funds to your overseas bank account. Generally, you need to select the currency of withdrawal and set it to automatic withdrawal on time, by amount, or manual withdrawal.
In all these operations, the funds are reasonably and legally stored in your overseas account. If you have no plan to take them out, how should you spend them?
We have completed the entire process of global payment collection. Next, we can consider how to spend these funds.
There are many ways to spend money. The most common consumption plans are: using money from overseas public bank accounts to purchase goods and services; Wise can open not only corporate accounts, but also personal accounts. Corporate Wise accounts can open multiple physical or digital cards for legal persons or teams.
Digital cards can be directly linked to Apple Wallet for consumption, or used to pay for online website service products, such as ChatGPT and Claude's membership subscription services.
Final Step
How to transfer money from overseas corporate accounts to overseas personal accounts for overseas consumption; if you are planning to travel abroad, you may want to transfer money from overseas corporate accounts to personal bank cards and make direct offline consumption overseas.
The application for ZA Bank is relatively simple. You can connect to Hong Kong Wifi in Hong Kong, download the ZA Bank App, apply online, and quickly open a personal bank account.
Apply for a physical card by mail in the App and you can receive it within three days in the country.
Some friends will go to Hong Kong to open a HSBC bank account. I have personally tested that it is effective to go directly to the VIP lounge to apply for an Excellence Card.
Money from overseas corporate accounts can be transferred to overseas personal accounts, linked to WeChat Pay, and used for domestic consumption, because people in China prefer WeChat and Alipay payments.
If you are used to using WeChat Pay, you can enter "Hong Kong wallet activation" in the WeChat search box, enter the self-service activation page, select "Bind a bank account issued in Hong Kong", bind the BOC Hong Kong card activated above, and you can open a Hong Kong wallet.
To bind a Hong Kong wallet to ZA Bank, you need to verify your Hong Kong ID card. If you don’t have a Hong Kong ID card, you can only bind a Bank of China (Hong Kong) card, then transfer the money from ZA Bank to the Bank of China (Hong Kong) card, and spend on WeChat through the Hong Kong wallet.
Money from overseas corporate accounts can be transferred to overseas personal accounts, and then transferred to domestic personal accounts for domestic consumption. Some students may want to use domestic bank cards to deduct mortgage payments and want to transfer money from overseas personal accounts to domestic bank cards.
This solution has a "BOC Express Remittance" function in the BOC Hong Kong App, which can transfer money to domestic bank cards. There is also an "Easy Account Opening" function that supports remittances to the same-name account of the Bank of China in Guangdong Province.
If you use ZA Bank or other Hong Kong bank accounts, you can transfer money to domestic bank cards through products such as "Panda Express".
Have you learned it? This is the safest way to do it on the Internet! No other way.
If you have any questions, you can ask me in the comment section!