Best way to send money from China to Australia
Working in a foreign country is usually an exciting experience, until the need to send your savings to your motherland emerges. If you’re an expatriate working in China, or a company owner out to pay employees, you might have asked about ways of sending money to Australia.
Available options for receiving remittances from China to Australia
We have found several available options for receiving remittances from China to Australia. Receiving a transfer from China can be done to Australia to a bank account.
How do I transfer money from China to Australia to a bank account?
Different ways to pay for money transfers to Australia from China
We have found a few convenient ways to pay for money transfers to Australia from China. You can use a Bank account to pay for transfers to Australia.
How to send money to Australia from China from a bank account?
How to send money to Australia
Some countries limit outward cash transfers, and China is not different. In fact, the people’s Bank of China has for as long time controlled foreign exchange in Mainland China. As such, you must first exchange your Yuan into foreign currency before transferring it to Australia.
Money transfer providers
Which service to use?
The good news? There are many online companies that can be of assistance.
These are;
- Inter-bank services. Bank to bank transfer is among the reliable methods of transferring money to Australia. The only catch is that you need a Chinese bank account. A Chinese citizen can assist you with their bank account. Once everything is set, you’ve set, the cash should hit your Australian credit card or bank account in less than five days. Chinese regulators require anyone sending more than $500 out of China to show proof of source of income.
- MoneyGram and Western Union. The process of wiring money via MoneyGram and Western Union mirrors the one for interbank transfers. The only difference is that these two online services do not have offices in Mainland China. Wire transfers are fast, so expect the money to reach your recipient in less than 24 hours.
- Paypal and TransferWise. If you’re not into bank or wire transfer, the next practical choice is Paypal. Sending money to Australia via Paypal is quite hassle-free. You’ll only need to open a Paypal account in China, before linking it to your bank. Your recipient must also register for a Paypal account. With this in place, you can easily send money to Australia in minutes. The beauty with Paypal transactions is that there’s no limit on the amount you send. However, it’s not as fast other methods. It takes less than five days for cash to show in your recipient’s bank account.
How much does it cost?
If you’re in China, you want to use the cheapest way to send money from China to Australia.
Given their speeds, bank transactions are among the most popular methods of sending cash to Australia. However, it gets a bit costly because of the forex rate. In terms of pricing, online wire transfer services charge a moderate fee.
Paypal is another hassle free method of sending cash to Australia, but it charges the highest fees compared to wire and bank services.
Advantages of relying on our comparison tool
Our simple comparison tool gives you the following advantages;
- Practical advice about the cheapest way to wire money.
- Cheapest remittance services.
With our detailed guide, you can easily select the one that ticks all your boxes.
FAQ
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Popular destinations of transfers from China
- Afghanistan
- Åland Islands
- Albania
- Algeria
- American Samoa
- Andorra
- Angola
- Anguilla
- Antigua and Barbuda
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Barbados
- Belarus
- Belgium
- Belize
- Benin
- Bermuda
- Bhutan
- Bolivia
- Bosnia And Herzegovina
- Botswana
- Brazil
- British Virgin Islands
- Brunei Darussalam
- Bulgaria
- Burkina Faso
- Burundi
- Cambodia
- Cameroon
- Canada
- Cape Verde
- Caribbean Netherlands
- Cayman Islands
- Central African Republic
- Chad
- Chile
- China
- Colombia
- Comoros
- Congo RDC
- Congo
- Cook Islands
- Costa Rica
- Croatia
- Cuba
- Curacao
- Cyprus
- Czech Republic
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Eritrea
- Estonia
- Ethiopia
- Faroe Islands
- Fiji
- Finland
- France
- French Guiana
- French Polynesia
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Grenada
- Guadeloupe
- Guam
- Guatemala
- Guinea
- Guinea-Bissau
- Guyana
- Haiti
- Honduras
- Hong Kong
- Hungary
- Iceland
- India
- Indonesia
- Iran
- Iraq
- Ireland
- Israel
- Italy
- Ivory Coast
- Jamaica
- Japan
- Jordan
- Kazakhstan
- Kenya
- Kiribati
- Kosovo
- Kuwait
- Kyrgyzstan
- Laos
- Latvia
- Lebanon
- Lesotho
- Liberia
- Libya
- Liechtenstein
- Lithuania
- Luxembourg
- Macao
- Macedonia
- Madagascar
- Malawi
- Malaysia
- Maldives
- Mali
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mayotte
- Mexico
- Micronesia
- Moldova
- Monaco
- Mongolia
- Montenegro
- Morocco
- Mozambique
- Myanmar
- Namibia
- Nauru
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- Netherlands
- Netherlands Antilles
- New Caledonia
- New Zealand
- Nicaragua
- Niger
- Nigeria
- Northern Mariana Islands
- Norway
- Oman
- Pakistan
- Palau
- Palestine
- Panama
- Papua New Guinea
- Paraguay
- Peru
- Philippines
- Poland
- Portugal
- Puerto Rico
- Qatar
- Réunion
- Romania
- Russia
- Rwanda
- Saint Barthélemy
- Saint Kitts And Nevis
- Saint Lucia
- Saint Martin
- St Vincent & the Grenadines
- Samoa
- San Marino
- Sao Tome And Principe
- Saudi Arabia
- Senegal
- Serbia
- Seychelles
- Sierra Leone
- Singapore
- Sint Maarten
- Slovakia
- Slovenia
- Solomon Islands
- Somalia
- South Africa
- South Korea
- South Sudan
- Spain
- Sri Lanka
- Sudan
- Suriname
- Swaziland
- Sweden
- Switzerland
- Syrian Arab Republic
- Taiwan
- Tajikistan
- Tanzania
- Thailand
- Timor-Leste
- Togo
- Tonga
- Trinidad And Tobago
- Tunisia
- Turkey
- Turkmenistan
- Turks and Caicos Islands
- Tuvalu
- Uganda
- Ukraine
- United Arab Emirates
- United Kingdom
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- US Minor Outlying Islands
- US Virgin Islands
- Uruguay
- Uzbekistan
- Vanuatu
- Vatican
- Venezuela
- Vietnam
- Wallis And Futuna
- Yemen
- Zambia
- Zimbabwe