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    Send Money to China

    We save you time and money when transferring money to China by comparing providers to help you get the Best Service, Rates and Fees.

     
     

    Compare Online CNY Money Transfers

    Sending money to China can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

    Using your Bank to make international wire transfer to China can be very expensive – often 5% to 10% worse than using a foreign exchange specialist to send to a Chinese bank account or pay a Renminbi invoice.

    We make it easy to save money by making these fees and exchange rates easier to see and compare.

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    Top Transfer to China Providers

    When choosing a provider to send money to China finding the best currency rate is generally everyone’s number one factor. Other important criteria to also consider are transfer speed, delivery options (bank transfer or cash pickup), customer service, mobile apps and extra fees.

    You can read more about Currency Transfer and Travel Tips for China in our China FX guide.

     

     

    OFX

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    OFX at a glance

    OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

    OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

    OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

    When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

    How much does it cost?

    OFX Exchange Rates - is a very competitive foreign exchange exchange that OFX use to move your money from one currency/country to another. It includes a small (bank-beating) margin. If you register to be an OFX customer through the BestExchangeRates partner page, you’ll receive preferential FX rates.

    OFX Fees - OFX has one standard fee of AUD$15 for transfers under AU$10,000. If you’re transferring more than AU$10,000, OFX won’t charge you a transfer fee. Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient. This fee may vary, and OFX receives no portion of it. If you register through the BestExchangeRates partner page, your transfers will be fee free *.

     

    How long does it take?

    OFX's global network of banking partners enables them to move your money efficiently, through some of the fastest payment schemes available globally.

    OFX processes most major currency transfers within 1-2 business days from the time funds are received. Exotic currencies may take a little longer, but OFX keeps their clients updated along the way with email notifications when funds are received and paid out to the recipient.

    You can also opt-in for SMS updates or even track your transfer with OFX by logging in online or on the OFX app.

    Is OFX safe?

    Yes they are. OFX is an ASX listed company and is monitored by over 50 regulators globally.

    OFX believes everyone deserves peace of mind when moving money globally, so maintaining and improving systems that help protect their clients' money is crucially important to them. OFX is committed to researching, developing and adopting leading digital security technologies to provide their clients with a safe and secure money transfer service.

    See our full review of OFX for more information.

    A Trusted Foreign Exchange Specialist

    As the Official Currency Exchange Provider in the USA and Canada to the NHL®, OFX manages a portion of the NHL’s currency exchange requirements and promises to move NHL fans' money with great exchange rates.

    NHL and the NHL Shield are registered trademarks of the National Hockey League. © NHL 2022. All Rights Reserved.
     

    Great OFX Services for Online Sellers

    OFX is an Amazon Payment Services Provider. Also receive payments from Afterpay, Klarna, Zip and more. You can collect your online seller global revenues in USD, EUR, GBP, CAD, AUD, SGD and HKD. Click here to find out more.

    For more details on OFX exchange rates, service and what their users think read our guide OFX Foreign Transfers Reviewed.

     

    *Minimum transfer AU$250. Please note that the receiving bank or intermediary bank may charge fees on transactions. There are zero OFX fees on transactions. OzForex Limited (trading as OFX) regulated by ASIC (AFS Licence number 226 484) | ABN 65 092 375 703 | Member of the Australian Financial Complaints Authority (AFCA).


     

     

    XE

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    XE money transfers at a glance

    Transfers can be booked online and over the phone and most are processed within a single working day.

    XE works on razor-thin margins for money transfers to more than 100 countries and nearly always guarantees a fantastic deal.

     

    Sending Money with XE

     

    How much can you send online with XE

    For your security, XE have limits on how much you can send in a single transfer online.
    Your region Online transfer limit
    UK & Europe 🇬🇧🇪🇺   GBP 350,000
    United States 🇺🇸  USD 535,000
    Canada 🇨🇦  CAD 535,000
    Australia & New Zealand 🇦🇺🇳🇿  AUD/NZD 750,000
     

    Sending Larger Amounts with XE

    Xe has a dedicated team ready to help you with large transfers. Since if you’re sending large amounts of money, you may need some extra assistance.

    If you send more than $50,000 USD a year (or local currency equivalent) you are eligible for this service.

    For more details on XE exchange rates, service and what their users think read our guide XE Foreign Transfers Reviewed.

     

     

     

    WorldRemit

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    WorldRemit at a glance

    WorldRemit - Send Money Online Anytime, Anywhere. 24/7 online service – no agents to visit. Bank Transfers - Cash Pickup - Mobile Money - Airtime top-up.

    Register from the below button for a Zero Fee first transfer.

    With WorldRemit, funds can be sent to bank accounts, mobile money wallets, can be picked up as cash at partnering banks and can be used to top up a loved one’s mobile phone.

    WorldRemit is an online service with no physical outlets, which allows for lower costs and greater convenience; it’s also the first of the new wave of FX companies to offer instant WhatsApp notifications on the status of transfers.

    WorldRemit isn’t a viable choice for large payments, such as property purchases, because its maximum transfer sizes are quite limited in many countries.

    For more details on WorldRemit exchange rates, service and what their users think read our guide WorldRemit Foreign Transfers Reviewed.


     

     

    Wise

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    Wise at a glance

    Wise products

    Wise (formerly TransferWise) always aim to convert money at the real mid-market exchange rate. There’s just a small, fair service fee, and it’s all shown up-front, this fee normally works out to be less than 1% of the amount being exchanged.

    Exchange guaranteed within 2 business days - Pay via Bank Transfer or VISA/Mastercard debit cards.

    Setup Direct Debits to Pay Bills abroad from AUD, CAD, EUR, GBP and USD accounts.

    Multi-currency Accounts: Regardless of which country you live in, with a Wise Borderless Account you receive a unique set of GBP, EUR, USD, AUD, NZD, SGD, RON, CAD, HUF and TRY account details with which you can get paid like a local. Together with an account number, you’ll receive a SWIFT, BSB, routing and/or sort code and anything else needed to receive funds in those currencies.

    Read our Review of Wise Borderless Account.

    The Wise debit card are free to set up and use. And there's never any monthly fee and minimum balance to worry about.

    You get two free ATM withdrawals worldwide up to a max amount every 30 days, then a charge on additional withdrawals.

    Auto-convert any currency - Spend in any currency and the Wise smart tech will auto-convert it with the lowest possible fee.

    Unlike practically all other Travel cards you can pay foreign currency into this card via your own personal foreign bank accounts.

    For more details on Wise exchange rates, service and what their users think read our guide Wise Foreign Transfers Reviewed.

     

     

     

    Latest Chinese Renminbi Trend

    1 USD = 6.7440 CNY
    Sell USD  →  Buy CNY
    USD to CNY at 6.7427 is 3.2% below its 90-day average 6.9668 with range 6.7029-7.3016.
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    Track Rate
     

     

    Chinese Renminbi Outlook

    In the final quarter of the year China’s yuan has weakened past the key 7 per US dollar level.

    For two years until April 2022 the yuan has steadily strengthened to 6.3 per US dollar, but then the PBOC has abruptly allowed CNY to drop with market sentiment worsening towards China’s economy due to continuing Covid-zero restrictions and a slowing economy.

    CNY Forecasts