Cheapest Money Transfer To China

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.

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

LIST OF BANKS TO TRANSFER TO IN CHINA

Bank of China
China Construction Bank
Industrial and Commercial Bank of China
Agricultural Bank of China
Farmers Bank of China

Money saving and currency tips for China

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.

Renminbi is not always convertible outside China, so you may need to wait until you reach the country to exchange money.

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.

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.