Send Money to China | Money Transfer to China - Wise, formerly TransferWise (2024)

FAQs

Send Money to China | Money Transfer to China - Wise, formerly TransferWise? ›

You can also use Wise to send money to China

Wise also can transfer money to Alipay and WeChat, more on this later. The recipients of your transfer to China can only be individuals with a Chinese National ID card or business recipients with a CNY-denominated account in Mainland China.

You can also use Wise to send money to China

Wise also can transfer money to Alipay and WeChat, more on this later. The recipients of your transfer to China can only be individuals with a Chinese National ID card or business recipients with a CNY-denominated account in Mainland China.

How long will a money transfer to China take? On many popular routes, Wise can send your money within one day, as a same day transfer, or even an instant money transfer.

You can send money via the WorldRemit website or the Google Play Store and App Store app.

Transferring money out of China using Wise

You can use Wise to send money to over 160 countries in the world. For expats living and working in China, Wise can be a helpful tool to transfer your legal earnings in CNY to your own bank account abroad now.

Bank Transfer

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.

Can I send money through Zelle internationally? Zelle is only available for customers with a US bank account and US registered mobile number. That means it's not an option for sending international payments to friends and family overseas. Read on for some international Zelle alternatives.

Bank transfers are typically the cheapest way to get your money to China. MoneyGram and Western Union have some of the lowest bank transfer fees of the brands we've compared.

Register on the Western Union website, create your free profile in just a few simple steps and start sending money to China. Send money quickly and reliably wherever you are, 24/7, with the Western Union^® app.

How do I send money to someone in China? ›

Yes, Wise is safe to send money.

Wise transfers can be sent to 80+ countries, in 50+ currencies. To set up a Wise payment you'll need to first register an account and get verified for security. Once your Wise account is live you can securely arrange a payment online or in the Wise app.

Chinese nationals have a daily transfer cap of $50,000 that they can use for international transfers. You can complete this transaction via a local bank. The Chinese national must provide evidence of recent expenses, nevertheless, if the transaction exceeds the given cap.

By far the most widely used payment app in China is Alipay, the payment branch of eCommerce giant Alibaba. Founded in 2004, it now has 652.4 million monthly active users (MAU), with a huge advantage over its nearest competitors.

Venmo cannot be used to send money overseas. It is only available for domestic money transfers or payments in US dollars within the United States.

Here are some key points about sending a Wise international payment: All Wise currency conversion uses the mid-market exchange rate with no extra fee added. Wise has low transfer fees which are split out for transparency and which start from just 0.43% Wise payments are fast – 50% are instant and 90% arrive in a day.

How much does it cost to send money overseas? To send money overseas with Wise, you will pay a small, flat fee and a percentage of the amount that's converted.

If you're considering using Wise for a payment or to hold a balance, it's natural to wonder if it's a legit service. The good news is that Wise is safe to use, whether you want to send or receive a payment, spend internationally, convert currencies or hold a balance.