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Find the Best Rated Providers to Send Money to China

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Find the Best Rated Providers to Send Money to China

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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

Find out how to transfer money to China with the lowest fees and best rates with these 4 steps

1. Check the CNY mid-market rate against your own currency

Sending money on a date when the mid-market is higher than usual gives you more Chinese yuans for your money. We recommend our users to set-up exchange rate email alerts to track the CNY mid-market's evolution.

2. Select the best deal by comparing all options.

There are 42 services offering money transfer services to China, such as Wise, TransferGo, Wise Multi-Currency Account, Remitly, CurrencyFair. Sending money with the best provider from the list is a sure way to save money.

3. Choose the best money transfer company for you

What do you value the most? Fees and exchange rate, speed of the transaction, number of positive evaluations? Balance the different criteria before making your choice.

4. Sign up and get started with your transfer to China with the service you selected

Now is the time to register on the money transfer provider's homepage (you most of the time have to give information to prove your identity), and get started with your transfer.

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.

Major banks in China

  • People's Bank of China
  • Bank of China
  • China Construction Bank
  • Industrial and Commercial Bank of China
  • Agricultural Bank of China

Monito helps you find the best way to send money around the 🌎

Compare all available providers before your next transfer to China

  • 10M+ money transfer comparisons made

  • $38M+ in Transfer fees saved

  • 200 services reviewed and compared

  • 650 guides to help you avoid hidden fees

Questions you may have about your transfers to China

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn More About Monito
  • Monito is Trusted by 15+ Millions Users across the globe.

  • Monito's experts spend hours researching and testing services

  • Affiliate commissions we may receive never impact our independence

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Affiliate Disclosure
Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.