Get extra with our Customer Rate
*This amount is calculated using our Customer Rate compared to the banks as at today’s date and are subject to change.
OFX fees not included in the conversion amounts shown above.
*Occasionally, third-party banks may deduct a fee from your transfer before paying your recipient. This fee may vary and OFX receives no portion of it.
CCY Sent faster
Some destinations for this currency include:
*Delivery times are indicative and measured in business days from the time your funds are received by OFX.
How to Send Money to China
Gather the relevant banking information including the name on the recipient’s bank account and the CNAPS code.
Create a free online account with OFX, or login to get a live quote for your money transfer.
Enter your details and those of your recipient.
Choose ‘finalize transaction’ to process your payment.
It’s easy and affordable to send money to China using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.
When sending money to China, keep in mind that different tax regulations may apply to sending large sums of money overseas depending on many factors including:
how the money is going to be used
how much you are sending
the source of the funds
if the money has been taxed elsewhere
For example, supporting family members by paying for living expenses is usually considered different from sending large sums of money abroad as a gift. See our Guide to Sending Money to Family Abroad for more details.
China Money Transfers – FAQs
Wondering how to send money to China at a lower price? OFX is the smart, secure way to send money overseas. If you would like to send money to Hong Kong, or trade the offshore renminbi (CNH), please see this page.
Can you send Yuan directly to China?In most cases, we can only convert your Canadian Dollars to US Dollars for wire-transfer to China. However, our business clients may be able to convert Canadian Dollars to Yuan(RMB) and send directly to China. Ask us more after your free registration.
How quickly can OFX transfer money to your Chinese bank account?Generally speaking, you can expect your funds to arrive in 2-4 days: 2 days for your Canadian bank to wire us the money and 1-2 days for OFX to convert your Canadian Dollars into US Dollars and transfer to your Chinese bank account (via SWIFT) where the Chinese bank will make the final conversion into Yuan.
Is there any limit on how much money you can send to China?Absolutely not. In fact the more money you send, the better the exchange rate we can give you. However, in order to give you the best exchange rate we do require a minimum of C$200 be transferred to China.
How much does OFX charge to send money to Chinese bank accounts?The most we charge is C$15 for converting Canadian Dollars into US Dollars and sending USD to China for conversion into RMB (renminbi). If you send more than C$10,000 to China, your transfer is fee Free. Our customers’ real savings come from our highly competitive exchange rates. Compare our great exchange rates to your bank and see how hard they are to beat.
Which banks in China do you wire-transfer money to?
OFX can transfer funds to any bank in China, including, but not limited to:
- Bank of China
- China Construction Bank
- China Merchants Bank
- ICBC (Industrial and Commerce Bank of China)
- Agricultural Bank of China
- China CITIC Bank
- Hua Xia Bank
- BoCom (Bank of Communications)
- China Guangfa Bank
- Bank of Shanghai
Don't see your bank? Have questions? Ask us about them after you register.