When you need to send money to China finding a service that makes sending money cheap, convenient and simple is important. It will be really easy to send money to China as there are number of services that will allow you to send money to China, so it wise to think about the advantages and disadvantages of each service. If you want a cheap way of sending money to China you will need to search for a service that offers a competitive exchange rate and charges low transfer fees.

In 2010 over $51 billion worth of personal remittances were sent to China, making it the 2nd top remittance receiving country worldwide. Will you be sending money to friends or family in China? Maybe you need to send money to your personal bank account in China? Whatever your reason for sending money to China, it will involve a foreign currency exchange

What providers offer foreign currency exchange services?

A Bank

A money sending bureaux

Who?

Most banks will allow you to send money overseas, including Barclays, HSBC and NatWest.

Who?

Services such as  Western Union and MoneyGram that have a network of shops and some offer online money transfer services.

Advantages

  • Send money through a service that you are familiar with.
  • Send money directly from your bank account to your recipient’s account.
Advantages

  • Faster way to send money. Many providers offer a premium service that enables your money to be received in a matter of minutes. 
  • Some money sending bureaux have an online service, so you do not have to visit a shop to send money.
Disadvantages

  • Poor exchange rates, so you get less foreign currency for your money.
  • High transfer fees, making it more expensive to send money.
  • It takes up to 4 working days for the money to be received.
  • You have to visit the bank to send money.
Disadvantages

  • Uncompetitive exchange rates so you get less foreign currency for your money.
  • Significant transfer fees, meaning the transfer is more expensive
  • These faster payments are a lot more expensive than a regular transfer.

Money transfer specialist Xendpay

Xendpay.com is the ideal alternative to sending money through banks and money sending bureaux. We are an online money transfer service that help thousands of individuals to reduce the costs of sending money overseas, offering a convenient and easy service to use and a cheaper way of sending money overseas.

Why is Xendpay the ideal way to send money to China? 

  1. Great exchange rate. Why not compare our exchange rate
  2. Low transfer fees – We charge some of the lowest transfer fees, that beat most banks and money sending bureaux. Please see our fee page for further information
  3. Send money 24/7, online via our payments platform
  4. Online and telephone assistance
  5. No need to visit shops or to queue
  6. Your money will be received quickly. If we receive your payment instructions and your funds before 12pm on a working day your payment will be sent out that day your funds should be received in 1-2 working daysFor more information, please see our delivery times page. 
  7. Easy way to send money to China.

Send money to China now