About us

Monito is a comparison website for international money transfer services.

We compare and review more than 350 money transfer operators, to help you find the best option for each of your international transaction.

Exchange rate alerts

Save money by sending at the right time, with the right provider.

Find the Best Rated Providers to Send Money to China

Our real-time comparison engine finds the cheapest providers for your transfer to China, you save on fees and exchange rates. That way, more money arrives.

How to send money to China

Learn how to send money to China with the lowest fees and best rates in four easy steps

1. Make sure the Chinese yuan mid-market rate is in your favor

Making your transfer on the right day is a good way to optimize your transfer. It's a good idea to use our smart exchange rate alerts to keep an eye on the CNY mid-market rate against your currency.

2. Go with the optimal option by comparing the available providers.

Monito's comparison engine lists many providers to transfer money to China, such as TransferGo, TransferWise, Western Union, MoneyGram, Xendpay. You will save big by comparing all your options and go with the most competitive deal for your money transfer.

3. Choose the best money transfer company that suits your needs

What is the most important for you? Price, speed, user ratings? Consider the pros and cons before making your choice.

It is also interesting to consider the payment solution and pay-out options. You often have the option to pay for your transfer by wiring the money from your bank account or by cards (credit or debit). On the other side of the transfer, choose if you need the amount in CNY to be transferred to your recipient's account or available for pick-up in cash at an agent location.

4. Sign up and start your transaction with the company you selected

Now is the time to fill the sign-up form on the provider's website (you usually have to upload some ID documents to confirm your identity), and get started with your money transfer to China.

The best money transfer providers to send money to China

How to Send Money to China

Millions of people like you send money back to China every week. With around 50 million Chinese living outside China, everyone needs an easy and inexpensive way to send yuan back home to benefit family, friends and others, whether they live in Beijing or elsewhere.

Banks in neither your adopted country nor China have the best fees or exchange rates for converting money into yuan. That’s why it’s vital to compare all of your options for sending money back to China so your yuan can go further. Whether you want to make a one-off currency transfer or you need to send money regularly, we can help you find the best options.

People from China send over $60 billion back home each year, that’s an average of $1,200 each. Our research shows that most people overspend by up to 5 percent on their transfers, so using a lower-cost provider could save people sending money to China up to $3 billion collectively, or up to $60 individually, every year.

We want to stop you from overpaying, and we make it easy to compare the best-value options for money transfer, or select one of our recommended currency providers.

I Want to Transfer Money to China, but Which Provider Should I Use?

There are plenty of options for sending money back to China. Here at Monito we cover all the popular specialist money transfer providers and banks for converting your money into yuan and sending it home.

We know there are lots of ways to transfer currency to China, which is why we compare all of the most popular options side-by-side so you can make an informed choice. The best money transfer provider for you will depend on several areas like how much you are sending, where you are sending from, the currency you are exchanging into yuan and some other factors.

We take all of those details into account when recommending the best way to send money to China. We’ll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending or wiring money to China from the USA, Thailand, Malaysia or Indonesia.

For most money transfer providers, you can either sign up through their websites or download their apps which will give you fast and easy access from any smart device. We provide a useful “Smart Alerts” service that tells you how currency exchange rates are changing so you can choose the best time to send yuan back to China. Learn more and sign up here.

Using a lower-cost provider could save you up to 400 yuan a year when sending money to family, friends or businesses in China.

The Cheapest and Best ways to Send Yuan to China

There are several good options for currency exchange, depending on how the person you’re sending money to wants to get access to their yuan.

Sending Less Than $100 in Yuan to a Bank Account in China

If you want to send money to a bank account in China, we recommend using a specialist currency provider. If you’re transferring under $100 or equivalent, your best options include Pangea, Xoom and Transfast.

Sending More Than $100 in Yuan to a Bank Account in China

If you’re sending more than $100, we recommend Pangea, Xoom and TransferWise.

Banks that You Can Transfer Yuan to in China

You can normally arrange to send yuan to any of the following banks: People's Bank of China, the Bank of China, the China Construction Bank, the Industrial and Commercial Bank of China, the Agricultural Bank of China and more.

Cash Pick-Up Locations in China

Some of these banks are also popular locations for picking up yuan that you have transferred. If the beneficiary wants to collect yuan as cash in China without going through a bank, then providers like Xoom, Western Union and MoneyGram are good options.

Western Union has almost 30,000 locations in China where recipients can pick up cash.