Send money internationally to China (CNY) using the mid-market exchange rate.
Check and compare the rates from the major money transfer providers.
Send money to China
What is the best Chinese Yuan Renminbi (RMB) exchange rate today?
How much does it cost to send money to China?
- International money transfers shouldn't be expensive.
- Make sure your provider doesn't add hidden fees or bad exchange rates to your money transfer.
- You should choose a provider that uses the mid-market exchange rate to convert your money.
What are the payments methods to send money to China?
The available payment methods for your international transfer may vary. Most of the times these should be:
- Debit Card.
- Credit Card.
- Bank Transfer.
How long does it take to send money to China?
How long does an international transfer take? It mostly depends on:
- Countries you send from and to.
- Public holidays or weekends.
- Payment methods.
- Potential security checks.
How to arrange a bank transfer online?
- Log into your bank's online banking service – you may need to verify your identity for security
- Navigate to the payment option which may be under 'bank to bank transfers' or 'personal payments' for example
- Follow the prompts to enter your recipient's details including their name, the bank name and account number. You'll also usually need a routing number, SWIFT code, sort code or similar, to help guide the payment to the right account
- Add the payment amount and double check all details
- Confirm the transfer, and your money is on its way
Send money to China - FAQs
China is among the countries with the highest levels of remittances in the world - coming in 5th globally. If you're looking to send money to or from China, you'll want to know a bit about how to manage the process, and how to find a good deal.
How to send money to China - easy steps:
Sending money to China is fairly easy:
- Research to find the best provider for your needs
- Set up the transfer online or in person - don't forget to check the fees and exchange rates offered
- Pay for your transfer
What information would you need to send money to China?
- Beneficiary name and contact information
- Beneficiary bank details, including account number and branch information
What are the best ways to send money to China?
You can send money to China using your normal bank, an international transfer agent, or an online service.
Banks are familiar, but the exchange rates and fees on offer can make this an expensive option. Agents such as Western Union can be convenient, but visiting in person can mean you pay more than you would to set up the payment online. Take a look at specialists in digital international payments, to see if you can save on fees and get a better exchange rate.
What is the best money transfer exchange rate to China?
When you choose an international payment provider, you'll want to check out the exchange rate as well as the fees offered. It's common for banks and currency services to add a markup to the mid-market exchange rate which can mean your payment is more expensive than you expect. Review the mid-market rate on Google, and look for a provider which uses this rate for transparent currency conversion, to get the best deal.
