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Send money to China

Safe, secure and cost-effective transfer options when you need to send money to China.


Wise (TransferWise)

Wise (TransferWise) logo
  • 受政府監管。Regulated by government agencies
  • 支援超過45+種貨幣。Supports 45+ currencies
  • 使用中端市場匯率。Uses mid-market rate
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The best way to send money to China comes down to your specific needs. Western Union is common, while Wise guarantees the mid-market rate. Wise and WorldRemit connect with AliPay for speedy, convenient delivery, and companies like InstaReM offer fee-free transfers. Compare a range of digital money specialists to find the fastest and cheapest for your budget.

Compare money transfers to China

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds with our money transfer partners.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 10 Within an hour HKD 310.00 0.875 CNY
以透明的匯率,低收費及低最低金額的網上服務作匯款。 Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 50 Within an hour HKD 35.00 0.875 CNY
使用優惠碼「FINDER」可於首兩宗HK$1500或以上的轉賬交易獲得HK$100折扣優惠。Use code FINDER to get HKD 100 off on first two transfers on a min transfer of HKD 1500.
InstaReM 提供簡單的匯款服務,大部分的匯款劃一收取0.5%的手續費。InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
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GBP 5,000 1 - 2 days HKD 0.00 0.862 CNY
可匯款至20+個國家,無手續費。 CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details
Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What’s the best way to send money to China?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to China. Some offer transfers straight to Chinese bank accounts, while others allow the money to be picked up in Chinese yuan in person. Banks, PayPal and other options are available but come with high fees, weak rates and longer turnaround times.

Digital money transfer services

Companies like InstaRem and CurrencyTransfer specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Chinese bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram allow you to transfer cash for pickup at a local branch in China— often in 15 minutes. While it’s a fast way to send money, compare these options to digital services like WorldRemit or Wise when possible.


Every Hong Kong bank has CNY/RMB and might even has branches in China. Although your local bank can convert your HK dollars into Chinese yuan, beware of high fees and wide margins on the exchange rate compared to digital and other options. Some banks might offer fee free transfer if you send it to a bank account from the same bank in mainland China. However, for transfers to an account not from a different bank, it might be treated as an international transfer.

Mobile payment tools

If you’re a resident in Hong Kong, most likely you know the most common payment tools: Alipay and WeChat Pay. They are somewhat the Chinese version of PayPal. You fund your account with bank transfer or card, and you can send money to another user. Fees are a lot lower than the bank and for some transactions, it is fee free. Alipay exists on both desktop and mobile app but WeChat Pay only has a mobile app.

Let’s crunch the numbers: Sending $5,000 to China

Let’s say you need to send $5,000 to family in China. Here’s what you might face as far as fees and exchange rates as of 21 Feb, 2021

Digital money transfer serviceCash transferBank transferPayment Tool
Fee67.95 HKD0.00 HKD65.00 HKD0.00 HKD (done via app)
Exchange rate1.00 HKD = 0.832901 CNY1.00 HKD = 0.8247 CNY1.00 HKD = 0.82681 CNYnil
Transfer speed1-2 dayMinutesSame day-1 working dayIn minutes
Amount received4,107.914,123.324,080.30nil
  • Good value
  • Fastest & best value
  • Slowest and most expensive
  • Fastest

It turns out that all options make very subtle differences due to the competition among each providers. If speed is crucial, consider using cash transfer provider or a digital payment tool.

How to send money to China with a money transfer provider

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and your preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If you’re transferring to a bank, you’ll need your recipient’s Chinese bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to China. Some money transfer providers send a text or email when your transfer is complete.

How to get the most out of your money transfer to China

Weigh costs and fees against convenience, and learn how to compare money transfer providers that send to China to meet your needs:

  • Exchange rates. The HKD-CNY remains relatively stable, with occasional shifts on a larger scale. Exchanging currency ahead of time, or locking in prices, can help you prepare for these shifts.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of Chinese yuan you’re sending.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to China.
  • Maximum limits. When exchange rates are favorable, sending more money can save you money in the future. If you plan to send large amounts of money to China, be sure to pick a provider that won’t limit you.
  • Transfer methods. Whether you want money sent to a Chinese bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to China

When it’s more important to get your money to China quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods. Or consider signing up with one of those abovementioned digital payment tools.

How to send money to China without a bank account

Cash transfer services can help you if you’re unbanked or marginally banked. If you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

China’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. China’s exchange rate doesn’t often fluctuate when compared to HKD, so expect relatively stable exchange rates between these two currencies. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Track how the Chinese yuan trades against HKD in our historical rate chart.


Documents needed for sending to and receiving money in China

To send money to China from Hong Kong, you’ll need an ID and other documents, while documents needed to pick up money in China may be different by company.

Documents to send money from Hong Kong

To send money from Hong Kong to China, you’ll need documentation and details that include:

  • Identification. Most services require a HK driver’s license, passport or HKID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number, Chinese bank account and routing number if sending to their bank.

Documents to receive money in China

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Chinese Resident Identity Card, a Passport (excluding Hong Kong, Macau and Taiwan passports), or a Mainland Travel Permit (for Hong Kong, Macau, and Taiwan residents only) will be accepted for identification for most money transfer cash pickups.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

Bottom line

Sending your hard-earned money to China shouldn’t cost a fortune. Compare transfer companies that specialize in foreign for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

Frequently asked questions

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