Send Money to China

Transfer money to China with OFX and get bank-beating foreign currency exchange rates.

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Our currency converter displays Market Rates and is not indicative of OFX Customer Rates.
local receiving account

Fast transfers

Once OFX receives your funds, 80% of all major currency transfers are processed in 24 hours

Customer Service

24/7 Support

Our global support team is available around the clock - 24 hours a day, 7 days a week

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20 Years Experience

We have more than 20 years experience helping our clients make global money transfers

With OFX, you can get bank beating rates on global money transfers.

How to Transfer Money to China

  1. Gather the relevant banking information including the name on the recipient’s bank account and the CNAPS code.

  2. Create a free online account with OFX, or login to get a live quote for your money transfer.

  3. Enter your details and those of your recipient.

  4. Choose ‘finalise transaction’ to process your payment.


It’s easy and affordable to transfer 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.

How to send money to China at a great exchange rate

When looking at exchange rates, it’s important to know that the value of the Chinese yuan (CNY) is loosely pegged to the U.S. dollar (USD), as the U.S. is China’s largest trading partner. Also, the value of the CNY is maintained within a 2% range against a basket of currencies of China’s trading partners. If you want to read up on the factors that influence the value of the CNY or other currencies, head over to the Exchange Rates section of our site.

With OFX, you can get bank beating rates on global money transfers.

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. You can send money to Hong Kong, or trade the offshore renminbi (CNH).

How do I send Chinese Renminbi (RMB, CNY) to China?

The renminbi is regulated by the Chinese government, and therefore, we can only make transfers for commercial purposes to corporations or individuals in China. For that reason, we only send money to China for our customers holding a corporate account with OFX. If you still have questions, contact us to speak to one of our team members about your unique needs when sending money to China.

Can I send US dollars (USD) to China?

Yes. OFX can help you transfer money to China or make payments to overseas suppliers in their preferred currency.

Is there any limit on how much money I can send to China?

For business or corporate clients, there are no limits on how much you can send to China with OFX. However, there may be limitations imposed by domestic Chinese banks on how much your recipient can receive.  

What do I need to send money to China?

You will need your recipient’s SWIFT code and CNAP code (the 14-digit number that specifies the bank and branch where the account is held). You will also need the recipient’s name, account number, address and phone number. Transfers may take up to 5 business days once OFX receives your funds. 

Does OFX transfer money to all Chinese banks?

OFX can transfer funds to any bank in China, including, but not limited to:

  • Industrial and Commercial Bank of China

  • China Construction Bank Corporation

  • Agricultural Bank of China

  • HSBC

Have more concerns about sending money to China? Here are a few practical tips from our expert corporate dealer Michael Judge on making payments to China.

With OFX, you can get bank beating rates on global money transfers.