Our comparison engine could only find 3 providers available for your transfer to China in our database.
If the recipient of the transfer wants to receive Chinese yuans in his bank account in China, then the cheapest provider at the moment is Wise, with 4.35 CHF for the transfer fees and a competitive CHF-CNY conversion rate (currently at 1 CHF = 6.9173 CNY).
When taking the exchange rate and the fees into account, the total cost of your transfer with Wise is 4.7 CHF, but you would pay a total cost of 34.58 CHF (which is approximately 7x as much) if you were to use UBS to make the same transaction.
This recommendation was updated a few minutes ago.
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Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to China.
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.