Transfer Money to China
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Transfer Money to China

Save up to 85% with better than bank exchange rates
  • Compare the world's leading foreign exchange companies
  • Trusted by over 600,000 last year for a better deal

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Compare Money Transfers to China

Compare the world's leading foreign exchange companies. Save up to 85%

Sending money to China? Compare & save in 3 simple steps

In just 3 simple steps, we will search to find you the cheapest money transfer deals. We list only FCA regulated companies so you can trust that our service is reliable and equitable; simply choose one from the table, submit your details and we do the rest.

Compare cheap money transfer deals to China

Save up to 85% on your money transfers to China. We make it our mission to provide you with the best value deals when sending money to China, and strive to ensure that we provide up to the minute currency comparison. Dont settle for the first Chinese Yuan or US dollar deal you stumble across. Our goal is to put your mind at ease as we endeavour to compare the worlds leading FCA regulated money transfer companies so you can rest assured your funds are safe and secure.

Whether you are importing goods from Shanghai or planning an overseas work placement in Beijing, our money transfer comparison table will find you the best value currency rates, whatever the amount and whatever the occasion. If you are making regular business payment to China, consider the use of a forward contract. This will help protect your business against negative currency fluctuations and help maximise the value of your international payments.

What do I need to send money to China

CHECK LIST

For your convenience, we have compiled a checklist of the account details you will need to transfer money to the beneficiary.

Tick list
IBAN
example:
Not Applicable for China
internationally agreed means of identifying bank accounts across national borders with a redued risk errors.
Tick list
Swift/BIC code
example:
BANKCNXX-XXX
Society for Worldwide Interbank Financial Telecommunication more effiecient and secure system for inter bank communications and transfer of funds
Tick list
Bank Name/Address
the name and address of the recipient bank
Tick list
Account Number
example:
XXXXXXXX
the primary account number found on credt cards and bank cards
Tick list
Account holders name
the primay account name found on credit cards and bank cards

LIST OF BANKS TO TRANSFER TO IN CHINA

  • Single bank
    Bank of China
  • Single bank
    China Construction Bank
  • Single bank
    Industrial and Commercial Bank of China
  • Single bank
    Agricultural Bank of China
  • Single bank
    Farmers Bank of China

Money saving and currency tips for China

Information
If you are starting a business importing goods from China, most goods are subject to the full rate of Customs duty and the applicable VAT rate.
Information
Renminbi is not always convertible outside China, so you may need to wait until you reach the country to exchange money.
Information
Make sure you are in possession of a Letter of Authority to give to the sender in China in order to clear shipments through Customs and act on your behalf.
Information
Obtain a China entry Visa before flying. If entering via a mainland city but subsequently visiting Hong Kong or Macau, you will need a multiple entry visa.
Popular transfer reason
The most popular reason for transfering money to China is
Business payment
Average transfer
The average amount transfered to China is
96,047 USD
Speed of transfer
Most transfers to China will be completed within
1 working day
Tax
Individual tax rate in China is
5-45%
Average property price
The Average property price per square meter in China is
31,813.99 USD
Renting
The Average price of rent for a 3 bed city apartment in China is
8,221.06 USD

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