How can I send a large amount of money to China?

How can I send a large amount of money to China?

7 tips for sending money to China

  1. • Use an Online money transfer service.
  2. Check the Chinese currency rules.
  3. Compare the exchange rates as well as the transfer fees.
  4. Pay by local bank transfer or use the cheapest payment method.
  5. Send money to a bank account, not for cash collection.
  6. Use a registered Payments Institution.

Is Western Union safe to send money to China?

Is it safe to use Western Union when paying Chinese suppliers? Western Union requires that the receiver presents their ID, together with the MTCN. That said, they don’t have the means to investigate fraud cases and track them down. Once you’ve sent the MTCN, you won’t see your money again.

How can I transfer money to China?

What’s the best method for sending money to China?

  1. PayPal.
  2. Bank or Wire Transfers (via SWIFT)
  3. TransferWise (now renamed ‘Wise’)
  4. WorldRemit.
  5. Statrys Business Account.

How much money can you send from China to us?

However, China banks limit the amount you can transfer to USD 500 unless you can present a proof of your source of income. Foreigners can transfer without a limit if they can provide relevant documents, proving their financial ability to send such funds.

Is Western Union working in China?

Western Union Money Transfer services have been available in the Chinese market since the early 1990s. Our Service Providers in China provide over 28,0001 Service Provider locations across 31 municipalities, autonomous regions and provinces.

How much money can I transfer from China?

Chinese nationals can make an international transfer up to a daily limit of $50,000 US. This transaction can be finalized at the local bank. However, if the transaction exceeds this amount, the Chinese national is required to present proof of current expenditures.

Can you get money out of China?

One of the cheapest and quickest ways to get money out of China is through the help of a Chinese citizen. As shown with bank transfers, foreigners have a limit of $500 that they can send out of the country before having to provide documentation.