Need to carry out an international money transfer to China from UK? Due to currency restrictions only US dollars can be sent to China. If you need to exchange currency to China then getting professional advice from a currency broker could mean the difference in you gaining a higher currency exchange rate when purchasing currency. Even when you are sending regular payments to China you now have the facility to book your exchange rate in advance which could secure you a better rate of exchange and reduce the risk of currency fluctuations.
Obtaining the best exchange rate when purchasing a property in China or simply making an international money transfer to China could mean the difference of you securing a 3% better foreign exchange rate than your bank.
Currency in China
The currency in China is called the Renminbi that means 'The Peoples Currency' and the unit currency is Yuan. The denominations of paper notes include 100, 50, 20, 10, 5, 2 and 1 Yuan; 5, 2 and 1 jiao; and 5, 2 and 1 fen. The denominations of coins are 1 Yuan; 5, 2 and 1 jiao; and 5, 2 and 1 fen.
Currencies usually accepted: US Dollar (USD); Chinese local currency is restricted and not usually sent from outside China
Typical time for transfer to arrive: 1 to 3 working days when sent through a money transfer provider.
Chinese bank charges: Usually none, although we cannot guarantee this
Payment details needed:
Name and Address of Beneficiary
Name and Address of Chinese Bank
Account Number
BIC (Bank Identifier Code) or SWIFT code (optional) or other routing instructions
Chinese BIC or SWIFT code Format: BBBBCCLL or BBBBCCLLDDD
B = Bank Code (Only Letters)
C = Country Code 'CN' (Only Letters)
L = Location Code (Letters & Digits)
D = Branch Code Optional ('XXX' for Head Office - Letters & Digits)
Send Money to China
Avoiding high street banks will improve your exchange rate to China and banks often charge additional service charges. One of the main issues with using a bank is that you need to have a bank account with them and in most cases bank counter staff are inexperienced when it comes to giving you advice when sending money to China.
With the foreign exchange companies listed on our site you will get a dedicated account manager to best advice you when doing money transfer giving you crucial market information before you make a decision in timing. Using our website you can see alternatives to banks with a cheaper money transfer to China from UK or sending money to China from USA.
Plus all the money transfer companies listed on this site are regulated by the UK Financial Services Authority (FSA) and have been carefully vetted by Money Transfer to China.
Transfer Money to China
Looking to transfer money online to China? Money Transfer to China is a quick and easy to use online money transfer website service that is totally secure allowing you to turn your GBP into US Dollars with complete peace of mind. In just 15 minutes you could open an account, and be ready to transfer money to China.
Whether you are looking to transfer money to relatives or friends in China, paying your regular bills there, topping up your Chinese bank account, or even putting down a deposit for a new home in China – We can help you transfer your GBP into US Dollars.
A Fast & Secure Way to Transfer Money to China
We understand that the safety of your money is a very significant factor when deciding which online money transfer service to use. The companies listed on our website are part of the SWIFT network which allows you to transfer money to China quickly and easily – whilst providing you with the peace of mind that your money is in safe hands. Plus all the money transfer companies listed on this site are regulated by the UK Financial Services Authority (FSA) and have been carefully vetted by Money Transfer to China.
Advantages of using us to Transfer Money to China
Online exchange rates and live prices
Be ready to transfer GBP to US Dollars in a matter of minutes after opening an account.
Currency transfers to any major currency, not only US Dollars, from anywhere in the world.
Quick, simple and highly secure.
No hidden charges or commission.
Debit & credit card, BACS and CHAPS facilities depending on broker.
Currency transferS to all major Chinese banks
Using Our Website to Transfer Money to China
Sending currency transfer to China online is an easy and simple way to transfer money to China – getting your account opened online could take no more than a few minutes. You could be transferring your money within 15 minutes.
To access live US Dollars exchange rates, you will need to open an account, for which there is no cost or obligation. You will receive friendly and experienced staff who will guide you through every step of the process, with one point of contact from start to finish.
