Sending money to China? Be sure you know the laws and regulations.
Send money to China laws and documents

Laws and legal documents when transferring large sums of money into China

We know that everyone's situation is unique and we aim to help you find the right product for you. We may receive compensation when you visit our partners' sites or are approved for their products. You can read more about how we maintain editorial independence and how we make money here.

How to deal with tricky taxes when sending money to loved ones and businesses in China.

Buying an apartment in Anshan, starting a business in Beijing or studying in Shanghai can require sending large money transfers to China. Before you move your money out of the US, learn more about whether China taxes large cash remittances.

How China regulates large remittances

When sending money to China, you could be concerned about potential gift taxes. The good news: China is one of the few countries that doesn’t levy an inheritance or gift tax on cash sent into the country.

However, the result of a relaxed socialist economy, China announced in 2017 that it’s considering imposing inheritance and gift taxes in the next few years. We’ll update this space as details trickle in.

Do I have to report large transfers out of the US?

Nearly 20 years after 9/11, the government still pays a lot of attention to money that enters and leaves the US. Which means that if you fail to report a large money transfer to China, it will likely be discovered.

By law, banks report cash transactions of $10,000 or more into and out of the country — and they’ll flag any transaction that raises an eyebrow. Independent money transfer companies are sometimes held to reporting thresholds as low as $1,000.
Sending a lot of money out of the country? Know what the IRS expects of you.

How will my recipient receive my remittance in China?

The process of receiving a money transfer in China depends largely on your provider and how you’ve marked it for delivery. Your recipient may need to provide government-issued photo ID or a transaction confirmation number to receive your funds.

If they own an account with a Chinese bank or money transfer company, they may not be required to provide this information each time you send money.

As with all international money transfers, be wary of potential fraud and only send money to people you know. Using a reputable provider can safeguard you from potential scams.

How to set up a business entity in China

Money transfer services with no maximum sending limit

I want to send


Min. Transfer Amount Online Transfer Fee Description CTA Details
USD 1,000 $0 Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details

Compare up to 4 providers

Frequently asked questions

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

US International Money Transfers Offers

Important Information*
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

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
No-limit transfers with competitive exchange rates for 100+ currencies.

TransferWise International Money Transfers

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

Go to site