Transfer Money to China

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GBP

Comparing 5 providers

Sorted by highest amount received

Real exchange rate 1 GBP = 1.3782 USD 30-day trend · Data from Xignite.com
Live
Best options for your transfer
Excellent Best Deal
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.3685
Recipient gets
$ 27,370 USD
+$358 more vs the typical bank
Go to Moneycorp ›
Very Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.3675
Recipient gets
$ 27,350 USD
Go to Western Union Business Solutions ›
Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.3665
Recipient gets
$ 27,330 USD
Go to World First ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.3655
Recipient gets
$ 27,310 USD
Go to Smart Currency Exchange ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.3645
Recipient gets
$ 27,290 USD
Go to UKForex ›
We get fees, exchange rates, and other details from money transfer providers, usually in real time. We try to keep this information accurate, but we can't guarantee it's always correct.

Questions you may have

Do I pay anything extra?
No. We may earn a commission, but you never pay more.
Is my money safe?
We only list regulated, licensed providers.
Why do rates change?
Exchange rates move constantly. We update results in real time.
What happens after I click?
You'll be redirected to the provider to complete your transfer securely.

Why Millions Use Us Before Sending Money

Regulated partners only

Real-time exchange data

Independent comparison

Best provider Moneycorp
Recipient gets $ 27,370 USD
Go to Moneycorp
Secure · No hidden fees

About Money Transfers to China

Save up to 85% on your money transfers to China. We make it our mission to provide you with the best value deals when sending money to China, and strive to ensure that we provide up to the minute currency comparison. Dont settle for the first Chinese Yuan or US dollar deal you stumble across. Our goal is to put your mind at ease as we endeavour to compare the worlds leading FCA regulated money transfer companies so you can rest assured your funds are safe and secure.

Whether you are importing goods from Shanghai or planning an overseas work placement in Beijing, our money transfer comparison table will find you the best value currency rates, whatever the amount and whatever the occasion. If you are making regular business payment to China, consider the use of a forward contract. This will help protect your business against negative currency fluctuations and help maximise the value of your international payments.

Last updated: May 08, 2014 Our methodology

Quick Facts: China

Key information for sending money to China

Transfer Speed
1 working day
Local Currency
USD
Income Tax Rate
5-45%
Avg. Property Price/m²
31,813.99 USD
Avg. Monthly Rent (3 bed)
8,221.06 USD
IBAN Required
No

Money Saving Tips for China

Expert advice for your international transfer

If you are starting a business importing goods from China, most goods are subject to the full rate of Customs duty and the applicable VAT rate.

Renminbi is not always convertible outside China, so you may need to wait until you reach the country to exchange money.

Make sure you are in possession of a Letter of Authority to give to the sender in China in order to clear shipments through Customs and act on your behalf.

Obtain a China entry Visa before flying. If entering via a mainland city but subsequently visiting Hong Kong or Macau, you will need a multiple entry visa.

What You Need to Send Money to China

Checklist of recipient bank details required

Routing Number e.g.
Bank routing number
SWIFT/BIC Code e.g. BANKCNXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in China

Bank of China China Construction Bank Industrial and Commercial Bank of China Agricultural Bank of China Farmers Bank of China

"When sending money to China, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to China

What is the cheapest way to send money to China?

The cheapest way to send money to China depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to China?

Most transfers to China are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to China?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to China?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to China

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.