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Transfers to Chinese Yuan

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

Please note -
  • You can only make CNY transfers to recipients who have a UnionPay bank card.
  • Your recipient must be a private individual - you cannot make CNY transfers to a business.
  • 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


Payments to CNY

Basic Information   Notes
TransferWise Fee 1.5% (or 24 CNY for under 1600 CNY) When sending from currencies where the fee would normally be 0.5%, the fee is instead 1.5%. For information about the fee when transferring from USD to CNY, please see this page
Delivery time* 8-9 Working Hours (Maximum) *After payout. Please keep in mind that TransferWise can take up to two working days to convert your money after we receive it. 
Maximum payment 31,000 CNY Maximum Limits for CNY – 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 Details    
Recipient Full Name Yes When sending to individuals, please include first name and surname - English characters only
Recipient UnionPay Card Number Yes Card number should be 16 to 19 digits
Fixed/specific amount Yes The currency you're sending from must also be able to send fixed amounts. More information here.
Transfers to an email address Yes Except when transferring from USD. For more information, please click here


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