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Find the best way to send money to China

Compare 3+ companies that can send money to China from Ireland.

Looking for the best way to send money from Ireland to family, friends or businesses in China (or even to your own overseas bank account)?

Don't head straight to your Irish bank – compare specialist money transfer services instead. They nearly always offer better CNY exchange rates and lower fees, so for the same amount of euros you send, your recipient will receive more Yuan renminbis.

Of the companies we've compared, Revolut is among the cheapest, with competitive exchange rates and fees starting from From 0.3%. Need a really fast transfer? CurrencyFair can get money to your recipient in China within minutes.

Best ways to send money to China from Ireland

The best way to send money to China depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying euros or Yuan renminbis money transfer specialists typically offer better rates and cheaper fees than a local bank.
  • Bank transfer. Bank transfers are an easy way to send money to China but they charge extra for the convenience and are often slower than other methods.
  • Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you've sent when they collect it from their agent location in China.
  • Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
  • Prepaid phone credit. Specifically used to top up a recipient's prepaid mobile phone plan, prepaid phone credit is usually added instantly or within a few minutes.

Compare the best money transfer companies to send money to China

Use our table to compare the best money transfer companies to send money to China. You can compare deposit and receiving options, fees and transfer speeds, then click the "Go to site" button when you've found the best one to get your money to China.
1 - 4 of 4
Name Product Fastest Transfer Speed Fees (Pay by Bank Transfer) Offer
Wise (TransferWise)
24 hours
From 0.41%
Within minutes
From €3
New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
Within minutes
From 0.3%
Within an hour
From $2.99

Cheapest way to send money to China

Bank transfers are typically the cheapest way to get your money to China. Revolut and Wise (TransferWise) have some of the lowest bank transfer fees of the brands we've compared.

When you're hunting down the cheapest ways to send money to China, it's more important to look at the overall cost of your transfer. This has a couple of elements:
  • Transfer fees. While still cheaper than your Irish bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market EUR/CNY exchange rate.

Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many Yuan renminbis your recipient will end up with.

Fastest way to send money to China

Many online providers can offer transfers to China within minutes, although you're likely to pay a premium for the convenience.

Here are some of the fastest average transfer speeds to China:
  • CurrencyFair — within minutes
  • Revolut — within minutes
  • Remitly — within an hour

Actual transfer times from Ireland to China can depend on several different factors including transfer amount, payment method and currency.

Safest way to send money to China

The safest way to get your money to China is to use a provider registered with Ireland's industry regulator, Central Bank of Ireland. All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both Ireland and China.

A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to China

If you need to make a sizable money transfer to China, consider using a provider such as Wise (TransferWise) or CurrencyFair to benefit from its expertise in handling larger transfer amounts.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to China may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on Revenue Commissioners's latest advice.
  • Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the CNY exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
  • Phone service. If you want to talk your transfer through with someone, providers such as CurrencyFair and Remitly can give you support over the phone.

How to send money to China from Ireland

To send money to China, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to China. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Chinese bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total Yuan renminbis your recipient gets.
  5. Complete your transfer.
    Send your money transfer to China. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

Example: Wang sends money to China

Wang is working in Ireland as a financial analyst and he stays in regular contact with his elderly parents back home in China. His parents need some funds to help pay off a mortgage, so Wang plans to send them €2,000 from Ireland.

He decides to compare a bank and a money transfer specialist to see which one can save the most money on his transaction.

Bank Money transfer company
Exchange rate 1 EUR = 7.31 CNY 1 EUR = 7.41 CNY
Transfer fee €10 €2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2 - 5 working days Next day
Amount received 14,556.49 CNY 14,804.78 CNY

The money transfer company enables Wang to send an extra ¥248.29, which is transferred straight to his parents' Bank of China account.

How to choose the best money transfer companies to send money to China

When choosing a money transfer provider to send money from Ireland to China, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the CNY you're offered to the mid-market rate and look for the smallest difference.
  • Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to China for a flat or low fee might work out better if you plan to send a large amount.
  • Transfer type. Does your recipient have a Chinese bank account or is cash or cell phone top-up a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as Remitly offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value and get your money to China faster and cheaper than banks.
  • Transfer limits. Find out how much you can send with each service. For example, Remitly has a transfer limit of €25,000 while Revolut allows unlimited transfers.
  • Discounts. Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of Yuan renminbis.

Is this a good time to send money to China?

Compared to a month ago, the euro is stronger against the Yuan renminbi. Currently €5,000 is equivalent to ¥37,244.50, whereas a month ago, €5,000 was equivalent to ¥36,619.00. That's an increase of 1.71% over the past month.

Similarly, compared to a year ago, the euro is again stronger against the Yuan renminbi. A year ago, €5,000 was equivalent to ¥35,048.00. That's an increase of 6.27% over 12 months.

So based on those two quick glances back, yes, it's a relatively good time to send money to China, and your euros will go further than they would have. But what's more important, however, is where the strength of the euro against the Yuan renminbi goes from here – which is harder to call.

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