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Find the best way to send money to China

Learn how to send money to China from the US in our step-by-step guide.

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

Unfortunately, Finder doesn't have any providers that can help you send money to China from the United States. Transferring money to countries like China is challenging but potentially services such as Western Union and WorldRemit are worth exploring.

Best ways to send money to China from the US

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 US dollars or Yuan renminbis money transfer specialists typically offer better rates and cheaper fees than a local bank.

Compare other the US money transfer companies

Although we don't have any options for you to transfer money to China, here are some other money transfer companies that send from the United States you can check out in the meantime.

Cheapest way to send money to China

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 American 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 USD/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.

Safest way to send money to China

The safest way to get your money to China is to use a provider registered with the United States's industry regulator, the Consumer Financial Protection Bureau. 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 the United States 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 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 IRS'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, some providers can give you support over the phone.

How to send money to China from the US

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.
  6. Example: Wang sends money to China

    Wang is working in the United States 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 the United States.

    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 USD = 7.12 CNY 1 USD = 7.21 CNY
    Transfer fee $10 $2.50
    Transfer method Bank account deposit Bank account deposit
    Processing time 2 - 5 working days Next day
    Amount received 14,159.40 CNY 14,400.92 CNY

    The money transfer company enables Wang to send an extra ¥241.52, which is transferred straight to his parents' Bank of China account.

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

    Although we currently have any active deals to help you transfer money to China from the United States, below we cover the most features to consider when researching providers.

    • 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. Some companies 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.
    • 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.

    Frequently asked questions

    Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

    Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
    OFX
    24 hours
    $0
    OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
    WorldRemit
    Within minutes
    From $0.99
    Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
    WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
    Remitly
    Within minutes
    From $0
    Remitly has quick, affordable transfers around the world, with both express and economy options.
    PayPal (business)
    Within minutes
    $0
    Provides business solutions for small business owners in over 24 currencies worldwide. Try 3 months free of Spotify Premium when you sign up with PayPal.
    Wise (TransferWise) International Money Transfers Business
    Within minutes
    From $8.16
    Enjoy high maximum transfers into more than 20 currencies, while saving up to 90% over local banks.
    Instarem
    24 hours
    From 0%
    New Instarem customers will get a special FX rate and zero-fees on their first transfer.
    Instarem offers offers rewards on every transaction.
    CurrencyFair
    24 hours
    €3
    CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
    Remitly
    Within minutes
    From $0
    Special offers like free transfers and better exchange rates available for new customers.
    Remitly has quick, affordable transfers around the world, with both express and economy options.
    OFX
    24 hours
    $0
    OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
    Remitly
    Within minutes
    From $0
    Special offers like free transfers and better exchange rates available for new customers.
    Remitly has quick, affordable transfers around the world, with both express and economy options.
    WorldRemit - 4free
    Within minutes
    From $0.99
    Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
    WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
    CurrencyFair
    24 hours
    €3
    CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
    Remitly
    Within minutes
    From $0
    Special offers like free transfers and better exchange rates available for new customers.
    Remitly has quick, affordable transfers around the world, with both express and economy options.
    PayPal
    Within minutes
    From $0
    Use PayPal to safely send money and receive payments from around the world in over 25 currencies with just an email address or mobile number. Try 3 months free of Spotify Premium when you sign up with PayPal.
    Wise (TransferWise)
    Within minutes
    From 0.41%
    Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
    MoneyGram
    Within minutes
    From $0
    MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
    Wise (TransferWise)
    Within minutes
    From 0.41%
    Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
    OFX International Money Transfers (Business)
    24 hours
    $0
    Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
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    2 Responses

      Default Gravatar
      GeorgeJune 28, 2017

      I recently made a Bank transfer from my HSBC account in Oman (account in Omani Rial) to my friend HSBC account in China. I instructed to send 2500 $ and the charges to be carried by the Beneficiary. It was an online transfer from my laptop.
      After 2 days 2460$ arrived in my friend’s account. HSBC needed 2 days and 40$ charges to send money from HSBC to HSBC account. I’m surprised and dissappointed and considering to change Bank.
      Please advise

        AvatarFinder
        MayJuly 3, 2017Finder

        Hi George,

        Thanks for reaching out.

        Basically, when making wire transfers, banks would charge fees for outgoing and incoming international transactions. That’s why many would find the bank to bank transfers more expensive than using a money transfer service. We’ve outlined the bank fees for wire transfers, although please note that HSBC was not among the banks featured on the page, our review page will provide information about HSBC money transfer. If you’d like to get more details about HSBC fees and charges, best to check with them directly.

        Meanwhile, in case you’d like to get an idea about cheap ways to send money overseas.

        Hope this helps.

        Cheers,
        May

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