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Most providers show you their transfer fee upfront. That’s only fair. But some of them sneak a markup into the exchange rate. And that’s not fair.
A markup means you get a bad exchange rate, which means you lose money when you change currencies.
At TransferWise, we never mark up the exchange rate. We just use the exchange rate – independently provided by Reuters. That means fair, low-cost transfers, every time.
TransferWise makes transferring money to China a breeze. Just tap in how much, and where to. Then make a local payment to TransferWise, whether it’s with a bank transfer or your card. And that’s it. TransferWise converts your money at the fairest rate out there - the real rate - so you save big time (even versus the guys saying there’s ‘zero’ commission). On TransferWise, there's no room for sneaky bank surcharges or creeping hidden charges.
Pay in HK$ with your debit card, or send the money from your online banking.
TransferWise always gives you the real and fair mid-market exchange rate.
Your recipient gets CNY directly from TransferWise’s Chinese bank account.
TransferWise is built around clever peer-to-peer tech, so you always get the real ‘mid-market’ exchange rate - what you see on Google or XE. For Dollar to Chinese Yuan, the only fee is a separate 2.8% with a flat fee of HK$70 that you can always see before you send.
Everything about TransferWise is streamlined, and creating your first transfer only takes a couple of taps. 90% of the transfers from Hong Kong to China are completed within 1 business day, and you’ll always get delivery updates throughout. With no minimum deposit and a maximum deposit of 31,000 CNY (to private individuals) or 2,000,000 CNY (to businesses) we have the perfect solution to your personal or business needs.
TransferWise makes sending money to China as easy as transferring money to a friend, or buying something online.
Depending on your transfer, you’ll have a multitude of payment options - whether it’s local bank transfer, card payment or direct debit.
Furthermore TransferWise is authorised by the Financial Conduct Authority.
Transfers to China costs as little as 2.8% of your transfer amount, with a minimum fee of HK$70. You always get the mid-market exchange rate. And since we use local bank accounts on both ends, there are no additional fees and your recipients always get what they were promised. See our complete price list.
It will depend on where you would like to send money.
TransferWise can deliver 95% of payments to Europe and India by the end of the next business day. That’s as standard. Also, payments to the US, Australia, Canada, Hong Kong, the Philippines and more arrive within 2-3 business days.
After we receive your money, the amount will be converted to the desired currency and will then be transferred from our local bank account to the recipient's bank account in the destination country. This happens online, there is no need to collect the money at a specific location. The money will appear in the recipient's bank account.
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Transfer your Dollars to Chinese Yuan today with TransferWiseGet started now