It is super easy, convenient and cheap to use money transfer platform Wise( previously called transferwise) to send money to China.
Here you will find answers to the most common questions about Chinese Yuan (CNY) transfers, sending CNY to China using platform/APP Wise
Note : CNY is the same as Renminbi (RMB).
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Sending to CNY
What types of transfers can I use to send CNY?
We support both personal and business customers sending to CNY. The delivery method available depends on the type of sender and recipient. Refer to the respective help pages to see specific information on the methods.
Due to Chinese regulations, only individuals with a Chinese National ID card and business recipients with a CNY-denominated account in Mainland China can receive CNY.
How much can I send?
If sending via UnionPay:
You can send up to 18,000 CNY per transaction
Sending via Alipay or Weixin:
You can send up to 50,000 CNY per recipient, per year
Alipay : Each recipient can receive a maximum of 5 transfers per calendar month
Weixin : Each recipient can receive a maximum of 10 transfers per calendar month
For bank transfers (Business sending to business in China):
Unlimited, but depending on the currency you are sending from there might be limits imposed
How long does it usually take for the money to arrive?
When you set up your transfer, we always give you an estimate on how long your transfer takes, depending on the transfer partner you chose.
Learn more about how long transfers take
Why was my transfer delayed or cancelled?
Your transfer may be delayed or cancelled if your recipients didn't complete verification or card binding in time, prompted by Alipay (72 hours) and WeChat (48 hours).
Your transfer may also be delayed when we need more information about your transfer purpose, requested by the local authorities.
If your transfer is cancelled, your money will automatically go back to you within 3 working days.