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Best Ways to Send Money from Canada to China

Country from
Country to
You send
To
  • 400 CAD =
    2,056 CNY
    Same day
    Preferential fee and/or exchange rate only on your first transfer
    Best deal
    Monito Score
    9.0
    Go to Remitly
    You pay
    400 CAD
    Payment options
    Preferential fee and/or exchange rate only on your first transfer
    Offer valid for Remitly new customers only.
    • Debit card Same day
      2.99 CAD 0 CAD
    • Credit card Same day
      2.99 CAD 0 CAD
    • Bank transfer 3-5 days
      2.99 CAD 0 CAD
    Exchange rate
    Preferential fee and/or exchange rate only on your first transfer
    Offer valid for Remitly new customers only.
    Remitly's exchange rate (1 CAD = 5.1400 CNY) is 2.90% better than the mid-market exchange rate, subtracting -11.59 CAD from the total cost of this transfer.
    6.77 CAD -11.59 CAD
    2,056 CNY
    arrives in China
  • 400 CAD =
    1,982 CNY
    2 days
    Get 30 CAD off your first two transaction using code GET60
    73.96 CNY less than with Remitly
    Monito Score
    8.0
    Go to InstaReM
    Get 30 CAD off your first two transaction using code GET60
    You pay
    400 CAD
    Payment options
    • Bank transfer 2 days
      0 CAD
    Exchange rate
    InstaReM's exchange rate (1 CAD = 4.9551 CNY) is 0.80% worse than the mid-market exchange rate, adding 3.21 CAD to the total cost of this transfer.
    3.21 CAD
    1,982 CNY
    arrives in China
  • 400 CAD =
    1,964 CNY
    3-5 days
    92.01 CNY less than with Remitly
    Monito Score
    9.5
    Go to Wise
    You pay
    400 CAD
    Payment options
    • Bank transfer 3-5 days
      7.14 CAD
    • Direct bank payment 3-5 days
      7.19 CAD
    • Debit card Same day
      12.27 CAD
    • Credit card Same day
      14.75 CAD
    Exchange rate
    Wise's exchange rate (1 CAD = 4.9992 CNY) is 0.08% better than the mid-market exchange rate, subtracting -0.31 CAD from the total cost of this transfer.
    -0.31 CAD
    1,964 CNY
    arrives in China
  • 400 CAD =
    1,912 CNY
    3-5 days
    144.36 CNY less than with Remitly
    Monito Score
    5.4
    Go to PayPal
    You pay
    400 CAD
    Payment options
    • Bank transfer 3-5 days
      4.99 CAD
    • PayPal 3-5 days
      4.99 CAD
    Exchange rate
    PayPal's exchange rate (1 CAD = 4.8395 CNY) is 3.12% worse than the mid-market exchange rate, adding 12.32 CAD to the total cost of this transfer.
    12.32 CAD
    1,912 CNY
    arrives in China

How to send money from Canada to China at the best rate?

If the person you're sending money to wants to receive Chinese yuans in a bank account in China, then the most competitive provider at the moment is Remitly, with zero transfer fees and a good CAD-CNY conversion rate (their current exchange rate is 1 CAD = 5.14 CNY).

Adding the fees and exchange rate margin, the total cost with Remitly is -11.59 CAD, in comparison the total cost would be 17.31 CAD (around -1x as much) if you wanted to use PayPal for the very same transfer.

This recommendation was updated a few minutes ago.

Last Updated 21 hours ago - Source XE.com
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Monito's Recommendations for Sending Money from Canada to China

Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best-suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Canada to China:

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Best Ways to Send Money from Canada to China

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

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We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

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Why Trust Monito?

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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.

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Mid-market exchange rate

To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.

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