Send Money To China

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
China Flag
China
CNY
1 USD equals
6.834 CNY
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

TorFX Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents
$
$
$

low

Fees
72
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • CHAPS (UK only)
  • BACS (UK only)
  • Visa debit card (UK only)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for one-off transfers
  • Circle Check Icon
    Schedule transfers between £500 and £10,000 per month
  • Circle Check Icon
    Use hedging tools to protect yourself against FX fluctuations
  • Circle Check Icon
    No multilingual website

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      +

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to China

      How To Step Icon
      Step 1
      Compare, select, register
      Compare, select, register
      Review and compare the best money transfer companies that let you send money to China.
      Register with the company you select as an individual or a business.
      Keep your passport or driver's license close at hand as you might need to provide details.
      How To Step Icon
      Step 2
      Monitor exchange rates, set up the transfer
      Monitor exchange rates, set up the transfer
      Monitor historical CNY exchange rates.
      Enter the amount you wish to send to get a quote from your service provider.
      Check the offered rate and establish the transfer amount.
      Provide the recipient's bank account details.
      How To Step Icon
      Step 3
      Make payment to transfer money
      Make payment to transfer money
      To send money to a China bank account, make a payment to your service provider using your preferred method.
      The company will initiate the transfer after it receives your payment.
      The recipient will receive the money within the time frame specified by your service provider.
      Track your transfer online.

      What you will need to send Money to China

      The information you need to send money to China includes the recipient's bank account details as well as your bank account or credit/debit card details. You will also need to provide details from your passport or driver's license to verify your identity.
       

      Ways to receive money in China

      Residents of China may receive money from overseas in different ways.

      • Bank account
      • Cash pick-up
      • Mobile top-up
      • AliPay
      • China UnionPay
      • WorldFirst World Account

       

      Bank account

      Transferring funds to a recipient's Chinese bank account is generally the most affordable method. Processing time of such transfers depends on the company processing the transfer, how you pay, as well as the receiving bank. Some of China's top banks that allow incoming international money transfers include Bank of China, Industrial and Commercial Bank of China (ICBC), China Development Bank, and Bank of East Asia China.

      What you need to send money to a China bank account.

      When sending money to a China bank account, you will need the recipient's full name, the recipient's Chinese bank account number, the name of the receiving bank, and the bank's SWIFT code.

      • Bank account numbers in China may have up to 22 digits.
      • A SWIFT code helps identify a specific branch of a bank. Example: The SWIFT code of Bank of China's Beijing branch is BKCHCNBJ110.

       

      Cash pick-up

      Sending money to China quickly is possible if you turn to a service provider that has cash pick-up locations in the country. You may also use the services of such a company if the recipient does not have a bank account. Some of your options include MoneyGram, Western Union, and Ria.

      MoneyGram cash pick-up locations in China 

      Beijing:

      Bank of China

      95, Xin Hua N Road, Tong Zhou District

      Beijing

      Bank of China

      89, Xisanhuan N Road, Haidian District

      Beijing

      Shanghai:

      ICBC

      900, A Yishanlu

      Shanghai

      ICBC

      14, Guanglinyi Road, Hongkou District

      Shanghai

      Westren Union cash pick-up locations in China 

      Beijing:

      Bank of China

      No 91, Qianmen Avenue, Chongwen District

      Beijing

      Bank of China

      2, Dong Jiao Min Xiang, Dong Cheng District

      Beijing

      Shanghai:

      Bank of China

      170, West Nanjing Road

      Shanghai

      Bank of China

      176, North Chongqing Road, Huangpu District

      Shanghai

      What is required for cash pick-up in China

      You will need to give your service provider the receiver's full name, the recipient's phone number, and the location of a desired cash pick-up center. The recipient may collect the transferred money as cash by presenting a valid form of ID along with a transaction or reference number.
       

      Mobile airtime top-up options

      WorldRemit lets its international customers top-up airtime of mobile numbers of Chinese telecom companies such as China Unicom, China Telecom, and China Mobile. UK-based Xeanu offers this service as well.
       

      Receive international money on AliPay

      Residents of China may receive money from overseas in their AliPay accounts. To initiate the transfer, the sender will need to provide the recipient's full name and an AliPay ID. Depending on the company you select, there might be a limit on the number of monthly transfers as well as the transfer amount. Companies that offer this service include TransferWise, WorldRemit and Remitly.
       

      Receive money on China UnionPay card

      You may send money to recipients in China who have UnionPay cards. UnionPay is a cashless payment method that is adopted by several banks in China. You will need the recipient's full name and a UnionPay card number to carry out the transfer.

      Some of the prominent banks that support UnionPay include Bank of China, Bank of Communications, China Construction Bank, and China Everbright Bank. WordRemit and TransferWise let their customers transfer money to UnionPay accounts in China.
       

      WorldFirst World Account

      The WorldFirst World Account is a multi-currency account that gives account holders access to bank account details in different currencies, including CNH (offshore Chinese yuan). This account may help you save money through low currency exchange fees and favorable currency exchange rates.

      With this account, you get to receive payments from customers in China in your CNH-denominated account. You may use funds from the same CNH account to make payments to suppliers, employees, or vendors in China. In addition, you may use the World Account to receive payments through popular online marketplaces such as Alibaba, Amazon, eBay.

      FAQs

      Best way to send money to China

      The best way to send money to China is transferring it into the beneficiary's local bank account, as this is usually the most affordable method. If the recipient does not have a local bank account, sending money to a cash pick-up location is your next best bet.

      Cheapest way to send money to China

      The cheapest way to send money to China is to transfer it into the recipient's bank account and make your payment through a bank account transfer. Other payment methods such as debit cards and credit cards typically attract additional fees.

      Does PayPal work in China?

      Yes, PayPal works in China. You may use PayPal to send money to China. Residents of China may use PayPal to send and receive money as well as pay for online purchases. Businesses in China may use PayPal to receive payments through popular online marketplaces, their websites, and by using their email address. Xoom, a paypal company, also lets its customers send money to China bank accounts.

      Can I transfer money to a China bank account?

      Yes, you can transfer money to China bank accounts. Some of the leading companies that let you transfer money to Chinese bank accounts include WorldFirst, OFX, WorldRemit, TransferWise and Payoneer.

      Can I wire money to China?

      Yes, you may wire money to China. However, carrying out wire transfers through banks is typically more expensive than using the services of specialist money transfer companies. 

      Can I send money to China through Western Union?

      Yes, you can send money to China through Western Union. The recipient may collect the transferred money as cash by visiting a Western Union agent location, or directly into a local bank account.

      Can I use my Visa debit card in China?

      Yes, you may use your Visa debit card in China. Most ATMs in China accept Visa (Plus), Cirrus, and Maestro cards. These include chip-and-pin cards as well as cards with just magnetic strips at the back. You may also use your Visa card to pay for purchases in China. In both cases, you simply have to look for the Visa logo.

      Can I use TransferWise in China?

      Residents of China can not use TransferWise to send money but you may send money to China through TransferWise. However certain conditions apply (as mentioned below). TransferWise Borderless Account holders may use their accounts to hold and manage CNY. In addition, they can also use their TransferWise debit card in China.

      Can TransferWise send money to China?

      Yes, TransferWise can send money to China. However, you can transfer to CNY only from supported countries. Sending money to businesses in China can only be in USD. TransferWise lets you send money to Alipay accounts.

      Does Western Union work in China?

      Yes, Western Union works in China. People who live outside of China may use Western Union to send money to China, either into a recipient's bank account or to be collected at a cash pick-up location. Residents of China may use Western Union to send money overseas - online or by visiting an agent location. To carry out online transfers from China, you will need to register with Western Union's local banking partner first.

      Can you send money to China via Western Union?

      Yes, you can send money to China via Western Union. The recipient may receive the money directly in a Chinese bank account or by visiting a cash pick-up location.

      How much is the Western Union fee to China?

      The Western Union fee to China depends on multiple factors. These include where you live, the transfer method, the payment method, and the transfer amount.

      The corresponding tables give you an indication of the transfer fees if you wish to send $1,000 from the U.S. to China.

      Transferring to a cash pick-up center:

      Payment methodTransfer fee
      Debit card$75
      Credit card$14
      Bank account transfer$26
      In-store$7

      Transferring to a Chinese bank account:

      Payment methodTransfer fee
      Debit card$14
      Credit card$14
      Bank account transfer$14
      In-store$7

      Bear in mind that these are only the transfer fees. Western Union also makes money by adding a margin on the existing interbank exchange rate.

      Is Western Union safe to send money to China?

      Yes, Western Union transfers to China are safe. However, it is best to exercise caution when collecting money from a cash pick-up location, especially if it is a large amount.

      Does WorldRemit work in China?

      WorldRemit lets you send money to China - to any Alipay account, to payment cards, and as mobile airtime top-ups.

      How can I receive money from China?

      Businesses can receive money from China by using multi-currency account solutions. International businesses that pay local Chinese suppliers and remit service/product payments may also benefit by opening multi-currency accounts. The WorldFirst World Account is a global multi-currency service that allows you to receive CNY payments as a local.

      How much money can you transfer out of China?

      Individuals may exchange no more than U.S. $50,000 or its equivalent per year. Chinese authorities have eased currency controls in recent times. However, trading in Chinese renminbi remains restrictive, with there being relatively low limits on how much money one may transfer out of the country. Larger sums of international money transfers are allowed for reasons such as medical fees or foreign tuition fees, but they require prior approval.

      How can businesses make international payments to China?

      Businesses may turn to specialist money transfer companies to carry out fund transfers to China. Companies such as WorldFirst, OFX, and Payoneer let you make business-related transfers to China. Depending on the company you select, you may get access to a multi-currency account as well as hedging tools such as market orders and forward contracts.

      How can I send money to China from Australia?

      You may send money to China from Australia in different ways. While you can transfer money to a bank account in China, you may also get the recipient to collect cash from a physical location. Just about all companies accept payments via bank account transfers, and some also offer other payment methods such as POLi, debit cards, and credit cards. Some of the top companies that let you send money to China from Australia include SendFX, OFX, and WorldFirst.

      What options do I have when sending cash to China?

      The leading companies that let you send cash to China include Ria, Western Union, and MoneyGram. If you are looking for a more affordable alternative, you may consider sending money to a recipient's Alipay account. WordRemit and Remitly offer this service.

      Can I transfer money from the US to China?

      Yes, you can transfer money from the US to China. You may send money to a recipient's Chinese bank account or to a cash pick-up center. Some of the top companies that send money from the US to China include OFX, WorldRemit, and TransferWise.

      Convert USD to CNY

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      CNY
      Sending money online through specialist money transfer companies.

      Expect to receive between CN¥676.61 and CN¥680.71 when sending money from USD to CNY at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately CN¥649.27, not including additional banking fees. That is an average saving of CN¥29.39.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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