My friend and I met up for some banking business the other day. I transfered some funds from the Bank of China to Citibank in the U.S. to pay off the balance of my credit card debts. It’s been a long haul – four years – but I paid off the debt a year early and saved myself some money in the process. This is a pretty big deal for me: the first time in my adult life that I’ve been completely free of unsecured credit card debt. I’m kind of floating on a sea of possiblities now.
Transferring money overseas is a mini-adventure. There’s a certain amount of paperwork, of course, as well as taking a number and waiting in line, but it’s the “indirect” process of handling the money that’s interesting. As a foreigner, I can’t just transfer my money to myself; I must “give” the money to a Chinese citizen (a matter of signatures; no actual cash changes hands), who then authorizes the electronic transfer to my foreign bank account. Every Chinese citizen may transfer a certain amount of money each year overseas.
To celebrate, I bought lunch. We were in the Babao Jie area, which is full of restaurants, yet few of them are really appealing. Purely by accident, we found Amy’s Steak Restaurant, right next to Starbucks and around the corner from Pizza Hut. Either the restaurant’s new or I never bothered to look in the window before: it’s gorgeous. The food was great: we had appetizers, soup, salad bar, steaks, baked potato, vegetables, and drinks. I could happily eat here again and again.