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Send money to China

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Find a quick, affordable service to make a money transfer to China.

Whether you’re helping out friends or family in Beijing or investing in a business in Shanghai — you don’t want to deal with a complicated and expensive process.

Sending money from the U.S. to China doesn’t have to be an exhausting and expensive process. When you can quickly compare transfer fees and exchange rates for bank transfers, online transactions and even same-day services, you can get the best deal every time.

WorldRemit International Money Transfers

Our pick: WorldRemit International Money Transfers

Send money to 140+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

Your first transfer is free with the code FINDER.

  • Low upfront fees and exchange rates.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.

    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.

    I want to send

    to

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 1 Within an hour USD 3.99 6.813 CNY 34,036 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
    USD 20 Same day - - Send your first transfer for free with code NOFEEFINDER Go to site Show details

    Compare up to 4 providers

    The best services for money transfers to China

    To give you the upper hand, we sent live transfers to 13 different providers to see how they ranked in cost, trust, speed, convenience and user experience.

    Compare these providers to find which fits your needs best when sending money to China:

    Best forWinnerWhy we picked itGood forGo to site
    Bank depositsOFXNo fees and strong rates in 55 currencies make for easy transfers to banks worldwide.Large transfers — from $150 to as much as you needGo to site

    Customer serviceWorld FirstAward-winning customer service is available 24/7 to answer questions or set up transfers. Transfers of $1,000+ Go to site

    Cash & speedWorldRemitAt speeds that often beat its own estimates, you can get cash to Mexico quickly for pickup or deposit. Limits vary by country, but good for $500 or more Go to site

    Most locationsWestern UnionIt’s not the cheapest, but fast and effective for same-day pickup.Cash & convenience – 24,900 agents in MexicoLearn more

    ConvenienceXoomIntuitive site, allows for signup and sending in minutes with clear rates and fees. Cash pickups in 15 minutes at 14,500 agent locations and deposits to all major banksLearn more

    Exchange ratesTransferWiseOffers the mid-market rate on transfers to 74 countries worldwide. Supports 40 currenciesGo to site

    What to know 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 will yield more money when exchanged in a country with a weaker currency.

    As of January 2018, one US dollar was worth 6.61 Chinese yuan. The yuan’s exchange rate is flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
    Today’s exchange rate from USD to CNY

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    Find the best provider for your transfer

    Answer three quick questions and we'll give you an instant recommendation for a money transfer service based on your needs.

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    How do 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.
    What tax forms do you need when transferring large sums of money to China?

    What are all 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.

    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.

    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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    Tips for sending money to China

    Steps to send money to China

    1. Create an account with the transfer provider that has the rates and delivery speed you need. Provide your name, contact information and proof identity.
    2. Enter your recipients name, contact information and the amount of money you want to transfer.
    3. Complete the transaction and wait for the funds to be delivered.
    4. Monitor your transfer’s progress with the reference number the provider emails to you.


    Same-day cash transfers to China

    You might need to send an emergency cash transfer to China — perhaps your friend loses their wallet in Wuhan or their handbag in Heife. When you need to get funds to someone urgently, your fastest 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.

    Cash pickup locations in China

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    What 10 countries are sending the most money to China?

    China has over 35 million expats scattered around the world, with around 4 million living in the US, so it’s no surprise that it receives the second most money transfers right behind India with an estimated $63.9 billion in remittances in 2017, according to World Bank data. Let’s see what countries are sending money to China.

    RankCountryRemittances in 2017
    1United States$16,140,766,713
    2Hong Kong$15,547,562,182
    3Japan$4,237,802,896
    4Canada$4,144,019,567
    5Korea$4,143,557,729
    6Australia$2,921,831,167
    7Singapore$2,762,644,434
    8Macao$2,141,205,054
    9Italy$1,176,716,930
    10Spain$1,074,552,522

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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

      • finder Customer Care
        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.

        Cheers,
        May

    US International Money Transfers Offers

    Important Information*
    XE International Money Transfers

    With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators, while benefiting from $0 transfer fees.

    WorldRemit International Money Transfers

    Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
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    TransferWise International Money Transfers

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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