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CNY Transfers

Here you'll find everything you need to know about transferring to Chinese Yuan.

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Sending to CNY
 



Basic Information   Notes
TransferWise Fee See pricing page We have tailored pricing for transfers to CNY, so you can check the cost of your transfer on our pricing page.

You can also see how we work out our fees.
Delivery time* 8-9 Working Hours  *After payout. Please keep in mind that TransferWise can take up to two working days to convert your funds from receiving the deposit
Maximum amount (per transfer) 31,000 CNY (To private individuals) or 2,000,000 CNY (To businesses) Maximum limits for CNY transfers to private individuals – 5,000 USD (or equivalent) per transaction, 10,000 USD (or equivalent) per day, 50,000 USD (or equivalent) per year as above.
Countries we can send to China only  
Additional Receiving Banking Fees None  
Required recipient details    
Recipient Full Name Yes First name and surname - English characters only
Recipient UnionPay Card Number Yes Card number should be 16 to 19 digits
Required details (Businesses)    
Business name Yes In English or Chinese
Business registration number Yes Organisation code, or unified social credit number
Recipient phone number Yes  
Bank name Yes Chosen from a dropdown list
Account number Yes  
Branch name, province & city Yes  
Transfer purpose Yes  
Features    
Amount Lock Transfers Yes The currency you're sending from must also be able to send fixed amounts. 
Business transfers Yes  


Additional Note

Please note -
  • You can only make CNY transfers to private recipients who have a UnionPay bank card.
  • You can make CNY business transfers to the following 16 Chinese banks:
  1. 中国工商银行 ICBC (INDUSTRIAL AND COMMERCIAL BANK OF CHINA)
  2. 中国农业银行 AGRICULTURAL BANK OF CHINA
  3. 中国银行 BANK OF CHINA
  4. 中国建设银行 CHINA CONSTRUCTION BANK
  5. 招商银行 CHINA MERCHANT BANK
  6. 中国邮政储蓄银行 POSTAL SAVINGS BANK OF CHINA
  7. 北京银行 BANK OF BEIJING
  8. 平安银行 PINGAN BANK
  9. 中信银行 CHINA CITIC BANK
  10. 兴业银行 INDUSTRIAL BANK CO. LTD
  11. 中国民生银行 CHINA MINSHENG BANK
  12. 浦发银行 SPD BANK
  13. 中国光大银行 CHINA EVERBRIGHT BANK
  14. 广发银行 CHINA GUANGFA BANK
  15. 华夏银行 HUA XIA BANK CO. LTD
  16. 杭州银行 BANK OF HANGZHOU
  • We can only pay out to UnionPay accounts opened using Chinese National ID cards. Accounts opened with a passbook, driver's licence or military document are not supported. 
  • You can only make transfers to Chinese Yuan from this list of eligible countries.
  • Recipients with UnionPay can only receive an amount of 10,000 USD (or equivalent in CNY) per day, or 50,000 USD (or equivalent in CNY) per year, from any remittance provider. If your recipient has previously received international transfers, via any provider, this will count towards this limit (for example, if they have received 20,000 USD already this year, their limit is 30,000 USD).
TransferWise can send funds to many banks in China, however there are some exceptions. There are some banks that do issue UnionPay cards, but do not accept overseas remittances, meaning that we are not able to support transfers to: 
  1. Agricultural Bank of China
  2. China Merchants bank
  3. China Minsheng bank
  4. Industrial Bank Co
  5. Shanghai Pudong Development Bank
  6. Bank of Communications

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