Best Way To Send Money To China From Uk

How to send money to china by transferwise.

Best way to send money to china from uk.

Here are the best ways to transfer money to. Transferwise is a rising star in international money transfer and their record on trustpilot shows its potential to become the best way to send money to china. The money is guaranteed within 82 hours my experience has been faster and although the fees may look slightly higher than your bank what you may not realize is that transferwise gives you a better. Transfer cny or usd cash from a 2 90 transfer fee 2 when you start a transfer online or on our app and pay in store.

Worst of all this fee is hard to spot unless you know to look. Fast low cost and secure online money transfers from the united kingdom to china. Remitly and worldremit connect with alipay for speedy convenient delivery and companies like xe and instarem offer fee free transfers. Money transfer companies have different fees and costs for sending money abroad.

Wire money to china from your bank. Transferwise one of the fastest and easiest ways to initiate a wire transfer to china is through a service like transferwise. Trade between the two nations has steadily increased since 1999 with it growing in the year to march 2018 by 15 3. The more you send the more you save.

Many banks add 3 or more in hidden fees to the exchange rate and it quickly adds up on large transfers. Sending money in person can be very easy and in many cases is one of the only ways to transfer money out of china from chinese yuan into foreign currencies. The best way to send money to china comes down to your specific needs. Since establishing diplomatic relations in 1954 china and the uk have enjoyed a stable bilateral relationship.

The exchange rate. This tells you how much each pound you send is worth when exchanged into chinese yuan for example a rate of 8 94 would exchange 1 into 元8 94. Xoom and western union are common while transferwise guarantees the mid market rate. Nevertheless chinese citizens who wish to transfer money from china to the uk face many restrictions.

A specialised money transfer company will offer more competitive exchange rates than a traditional bank but which company is best for you depends on how much you re sending and how quickly you need it to arrive. Start cash transfer send money in minutes to qualifying chinese bank accounts 4. Transferwise online transaction process is so simple that you can accomplish the transfer within 5 mins on their website.