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How to send money to China

Find a quick, affordable way to move your money internationally.

Maybe you’re helping out friends or family in Beijing or investing in a business in Shanghai — the last thing you want to have to do is navigate a potentially complicated and expensive process.

Sending money from the U.S. to China doesn’t have to be expensive. From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, you’ll want to compare the transfer fees and exchange rates of the many options available to you to get the best deal.

TransferWise International Money Transfers

TransferWise International Money Transfers

When you need to send money overseas, benefit from competitive exchange rates and low transfer fees with TransferWise.

  • Fair service fees and mid-market rates — a major market differentiator.
  • Next-day delivery to your loved ones and businesses.
  • Trusted the world over, with five-star ratings on Trustpilot.

    Compare international money transfers to China

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

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    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 6.643 Online, Bank Account to Bank Account CNY 33,216 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    HiFX International Money Transfers
    USD 50 2 days USD 5.00 6.64 Online CNY 33,166 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site View details
    Currencies Direct International Money Transfers
    USD 100 2 days USD 0.00 6.603 Online CNY 33,016 $0 transfer fees with rates at never more than a 2% markup. Go to site View details
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    Compare up to 4 providers

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    Sending money to China

    How to send money to China

    in 3 easy steps
      1. Locating a service icon

        Find a service

        Select a money transfer specialist from our comparison table.

      1. Send money icon

        Initiate the transfer

        Enter the required information and provide the funds.

      1. Money arrives icon

        Receive the money

        Your recipient receives their money in their bank account or picks it up as cash.

    Sending money to China

    When sending money to China, you’ll usually need to create a free account with a money transfer provider. The process varies by company, but generally requires you to provide your name, contact information and proof of identity. If you’re not paying for your transaction with cash, you’ll also provide your banking info in order to have the funds withdrawn from your account.

    Once you’ve selected a payment option and entered the full details of your transfer, you’ll make your transaction and wait for the funds to be delivered. You’ll most likely receive a reference number or receipt that you can use to track the progress of your transfer.
    Laws and legal documents when transferring large sums of money into China

    How do international money transfers work?

    An international money transfer allows you to send money to friends, family and businesses overseas. Generally, it involves you sending cash or money from your bank account to an intermediary transfer service or bank, which then exchanges and sends the money to your recipient in another country — in this case, China.

    Depending on the provider, you can initiate a money transfer in person, online or by phone. Your cash or bank account transfer is then either deposited into your recipient’s bank account or made available as cash for pickup at a location in their country.
    A beginner’s guide to starting an import/export business with China

    Banks vs. money transfer companies

    China’s economy is experiencing a boom, and the Chinese yuan has become increasingly popular among traders on the global currency market. Many major U.S. banks offer the option to send funds to China, but they typically charge high transfer fees and offer exchange rates that are significantly lower than the mid-market rate — or the rate banks and transfer providers use when trading among themselves.

    A reputable money transfer specialist can offer better exchange rates and also charge lower fees, saving you money and putting more Chinese yuan into your recipient’s pocket.

    Case Study: Henry sends money to China

    Henry has waved good-bye to his parents in China to settled in the U.S. To thank his family for their support for his education, he wants to send a $1,000 gift. Henry compares the fees, rates and options of two independent online money transfer providers to find the better deal.

    Money transfer company A
    Money transfer company B
    Exchange rate1 USD = 6.13 CNY1 USD = 6.20 CNY
    Transfer fee$7$70 for cash within minutes at an agent location; $8 for bank account transfer
    Transfer speed
    1 business dayCash pickup within minutes; 4–8 business days for account deposit
    Transfer options
    Bank account depositBank account deposit, cash at agent location
    Total yuan received
    6,130 CNY6,200 CNY

    Henry learns that fees vary widely depending on how his transfer is delivered, and that a small shift in exchange rates can mean a big difference in what his family receives. By going with Money Transfer Service A, Henry will save on transfer fees, but he’d deposit 70 more yuan into his parents’ account by taking advantage of the rate offered by Money Transfer Service B. And if it’s speed he’s looking for, only Money Transfer Service B offers cash pickup in minutes.

    Ultimately, Henry will need to weigh the importance of fees, rates and speed for his transfer to determine which provider best suits his needs.

    How to compare transfer companies when transferring money to China

    • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
    • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
    • Transfer speed. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you’ve more time, you’ll get better rates and fees with an independent provider.
    • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
    • “Hedging” options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
    • Customer service. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
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    Foreign exchange rates explained
    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    What are the ways that I can send money to China?

    • Bank transfers. Many major US banks will allow you to wire money to banks in China.
    • Money transfer providers. It’s simple and convenient to send an online money transfer to China from the comfort of your home.
    • Providers with cash pickup. Companies like Western Union and MoneyGram offer the option of sending funds that can be picked up from thousands of agent locations across China.
    • PayPal. Electronic payment giant PayPal allows you to send money from the US to China.
    • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.
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    Mobile top-ups

    Many companies that we use for money transfers in the States offer “reload” services for prepaid credit cards and mobile plans that make it easy to convert cash into communication — often within minutes.

    If you need to send minutes to a prepaid phone in China — whether for you or a loved one — consider online providers WorldRemit and Xoom. To add or gift minutes from an agent location, standbys Western Union, MoneyGram and Ria are an option.

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    Emergency cash transfers to China

    You might need to send an emergency cash transfer to China — for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.

    Receiving cash in China

    Western Union, MoneyGram and Ria provide the three largest money transfer networks in the world, with thousands of agent locations around the globe. You’ll need to pass your transaction reference number on to your recipient to allow them to pick up their funds. They’ll also need to bring along a photo ID.

    Tips for picking up cash

    Although China is considered a safe country for American tourists, exercise caution when picking up cash from an agent location. Don’t advertise the fact that you have a wallet full of cash, and head to your bank as soon as possible to deposit the funds.

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    Cash pickup locations in China


    Address: 544 Lanpin Rd Minhang District Shanghai
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-21-64308751

    Address: 28 Majilu Shanghai
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-21-58696969

    Address: 900 A Yishanlu Shanghai
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-21-54235423

    Western Union

    Address: 170 West Nanjing Road Shanghai, Shanghai 200003
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-21-63601118

    Address: 176 North Chongqing Road, Huangpu Dist Shanghai, Shanghai 200003
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-21-63753868

    Address: 618 East Yan’an Road Shanghai, Shanghai 200001
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-21-53854121


    CGB – #137261 – BJ WANGJING SUBBR
    Address: Youhehui Center E Section Chaoyang District Beijing
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-10-84787622

    Address: 1/F Lian Dong Business Center Guang Lian Industrial Park Tong Beijing
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-10-81501106

    Address: 8 Jinxingyuan Taiyanggong Chaoyang District, Beijing
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-10-63592494

    Western Union

    Address: No 91 Qian Men Avenue Chongwen Distric Beijing, Beijing 100051
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-10-63168275

    Address: 2 Dong Jiao Min Xiang Dong Cheng District Beijing, Beijing 100005
    Hours: 9:00 AM – 4:00 PM
    Phone: +86-10-65242762

    Address: 18 Building 8 Dongdan 3 Lane Dongcheng District Beijing, Beijing 100005
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-10-65256440


    Address: 618 North Jiefang Road Guangzhou, 510030
    Hours: 9:00 AM – 5:00 PM
    Phone: +86- 20-83180700

    Address: 865 Jiefang N Rd Yuexiu Guangzhou, 510030
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-20-36182499

    Address: 4 Guangwei Lu Guangzhou, 510030
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-20-83340385

    Western Union

    Address: 2 Guangwei Road Yuexiu District Guangzhou, Guangdong 510000
    Hours: 9:00 AM – 8:00 PM
    Phone: +86-20-83365768

    Address: 309 Mid Dongfeng Road Yuexiu Dist Guangzhou, Guangdong 510000
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-20-83226003

    Address: 2 Zhongshanliu Road Yuexiu Dist Guangzhou, Guangdong 510000
    Hours: 9:00 AM – 5:00 PM
    Phone: +86-20-81862030

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    2 Responses

    1. 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

      • Staff
        MayJuly 3, 2017Staff

        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. On this page, we’ve outlined how much fees that banks may charge when requesting a wire transfer, although please note that HSBC was not among the banks featured on the page, but you can find the information about HSBC money transfer review here. 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, you may like to check this page.

        Hope this helps.


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