I need to make a bank transfer to a US bank account and found out that MTGOX is asking for 2000 CNY fee. That is too much since the amount of money I want to transfer is smaller than that.
Is there any exchange service with smaller fees?
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Sign up to join this communityTake out to Dwolla (FREE Account), then move to bank account for a flat fee of $0.25. I use to use them all the time like that.
Fee list from Dwolla: https://www.dwolla.com/fees
MtGox doesn't charge anything to send to Dwolla, they just charge you to transfer from BTC to Dollar's. But it's cheaper than what it was for ACH transfer.
If the funds don't need to arrive same-day, withdraw USDs via ACH at BitFloor and Camp BX. Simply enter routing # and account number. It is not the same thing as a wire transfer, so you would want to make sure your counterparty will accept ACH transfers.
You can even order rush ACH through BitFloor.
If you do need to do a wire (e.g., same-day transfer), a lot of exchanges offer than, with varying fees.