If you want to send money to China, you’ll notice that there are many ways to transfer your money.  However, you will find that some are quicker, safer and more economical than others. According to the World Bank, China is one of the top receiving countries of remittances. Below are the tips to help you find the most economical, fast and secure option for your money transfers to China:

• Check the Chinese currency rules

It is very important to know that there are a number of restrictions relating to receiving money in China. Before making a transfer, always check with your recipient in China the currency in which he or she is allowed to accept transfers.

• Use an Online money transfer service

When you think of sending money in China, always check out the specialists in online money transfers. Because their costs are lower (no shops or agents to pay) they will generally be cheaper – offering better exchange rates and cheaper fees than a bank or High street based money sender. To send money online is very simple and safe, you only have to create an account to get a live quote and make a payment by credit or debit card, or in some cases pay via cash voucher or local bank transfer.

• Compare the exchange rates as well as the transfer fees

You should look for a service that offers a competitive exchange rate because the exchange rate will affect the final amount of money received by your recipient. Also note that, generally, sending larger quantities gives you a better exchange rate. All money transfers operators generate revenue on money transfers. In most cases, this fee is a fixed amount as well as a profit margin on the exchange rate. In many money transfer bureaux, the margin can be between 10% and 15% of the amount of money you want to send to China.

• Pay by local bank transfer or use the cheapest payment method

You should know that sometimes there are additional costs associated with the type of payment method you use. For example, if you make a payment by credit card, you’ll have a commission of 1.5%-3%. But if you use a UK debit card as payment method, you can avoid these additional costs. However, the best way to send money to China is the payment by local bank transfer. Make sure your supplier has that option available in your local country.

• Send money to a bank account, not for cash collection

Before sending money, you need to think about how you want your recipient receives  it in China. Sending money to a cash collection point will generally cost more than sending it direct to a bank account, as the pay-out location will have a fee that ends up being charged to you. However, if the person in China has a bank account, the most economical solution for you is to pay to that account. Look for SWIFT membership as this means that the money transfer company can send money to any bank account in the world.

• Look for refund policy for unexpected expenses

When you make a money transfer to China, some intermediary banks may charge you additional charges. Always choose an institution that ensures the full reimbursement of these unexpected expenses.

• Use a registered Payments Institution

To make safe transactions, always use an institution that is registed as a Payments Institution. In the UK that means they are registered with the FCA. This means that their registration applies across the EU – something that was implemented with the European Directive 2007/64EC on the harmonization of regulatory institutions for payments within European Union.

Send Money Online to China with following options:


– 10GBP / 10 USD / 10 Euro off on first transaction


– first transaction free