How to send money to China the cheapest & fastest way
How we help you transfer money to China from USA at the best rate:
- Hidden costs exposed by comparing the money transfer services USD-CNY conversion rate to the mid-market exchange rate
- Real-time total costs including all fees and the exchange rate markup
- Full transparency, comparing 12 money transfer providers such as Wise, RIA, Remitly, Western Union and WorldRemit
Our comparison engine found 2 online money transfer services available to send money to China from USA. The list is sorted by total transaction costs including the hidden USD-CNY exchange rate fees, starting with the cheapest money transfer services at the top:
Researching money transfer services and comparing the best rate for sending money to China can be time-consuming. Besides the total transfer fee, our list above shows you the different payment delivery options for each money transfer service.
Some factors to consider while evaluating the best way to send money to China from USA are transfer fees, exchange rates, the speed of transfer and convenience. The cost of transferring money depends on the country in which you want the money sent as well as the way the payment is received (e.g. bank transfer, cash pickup, app). Also whether you want to pay for your transfer via bank deposit, debit card or in cash at a money transfer operator will affect your remittance to China.
Best rate - The cheapest way to send money to China
The overall cheapest money transfer service is Remitly with 'Bank' as the receiving payment method. In this case, the total transaction costs are $ 8.94, whereas the service fee is $ 2.99 and the USD-CNY exchange rate is 6.59.
In comparison, you would pay a total cost of $ 12.5 to transfer money to China if you selected to use TransferWise for the very same international money transfer. Two other options for sending money to China are worth considering: and .
Wire transfer - Send money to a China bank account
Bank deposits: To make a wire transfer online and transfer your USD to a China bank account in CNY, the most competitive option is currently Remitly. With $ 2.99 transfer fees for the bank transfer and a competitive USD-CNY currency exchange rate (currently at 1 USD = 6.59 CNY), it's the cheapest way to send money to a China bank account.
When doing a wire transfer from USA to China, it typically takes longer for the funds to arrive in the recipient's bank account compared to other money transfer methods such as cash delivery. International bank transfers do carry some risks and you need to make sure the bank details and payment details are correct or else the sent amount may end up in the wrong bank account.
Remittance to China
Have you ever wondered, why some of the best money transfer providers such as Remitly and WorldRemit have the term 'remit' in their name? This is derived from the word 'remittance' which is a payment of money that is transferred to another party. Theoretically, any payment of a bill could be a remittance. However, nowadays the word is mainly used to describe the process of money being sent to a family back home by someone working abroad. The recommended way to remit money to China is by using the money transfer provider Stanford Federal Credit Union. At the time of writing, they boast the most competitive exchange rates to send money online to China.
This recommendation was updated 30 days ago.