Transfer Money to China From Australia

Yes, you can send money to China through your commercial bank, but this is inadvisable. Compared to OFX’s online transfer rates, local banks are more expensive and charge higher fees. We recommend using OFX’s online calculator and comparing it with how much your bank charges for international money transfer.

Unfortunately, there is no best day to send money to China. The foreign exchange rates vary depending on the global demand and supply of goods and services, as well as political and economic factors. So if you’re planning to send money, now is the best time!

In most cases, it is cheaper to buy your foreign currency at home in Australia before you travel overseas. Additionally, you could get better rates if you send money to China online.

It’s typically cheaper to send money to China online. Money changers with a physical store have to pay for rent, staff, and insurance, and they will transfer these additional third-party charges to customers. Some stores may also have limited currency availability.

In comparison, online money transfer providers don’t have these large costs and staff, making it easier to provide better exchange rates and lower fees when you send money.

If you’re looking to send money to China or to any destination country, OFX is your simplest, most convenient choice.

To get started, simply create a free account with OFX, or log in if you already have one. Once logged in, you can request a live quote for your transfer, which shows exactly how much your recipient will receive after fees and currency conversion.

Once you have all the necessary banking information for your recipient, enter your payment details and specify the amount you wish to send. OFX will automatically calculate the converted amount in Chinese Yuan, factoring in their transparent fee structure.

The most cost-effective way of sending money to China is usually via an online banking transfer using OFX. Unlike traditional banks, OFX applies a small, transparent margin on the exchange rate instead of charging high hidden fees. This makes your cost to send money much cheaper.

With OFX, there are no strict minimum or maximum limits for personal transfers, although the banks may double-check certain larger amounts. This flexibility makes it easy to send anything from a few hundred dollars for personal expenses to tens of thousands for tuition, property, or business purposes.

The best way depends on your priorities. If cost is the main concern, bank transfers are ideal. If speed is essential, credit or debit cards can provide faster delivery times. OFX combines competitive exchange rates with secure, reliable transfers, ensuring your money reaches the recipient safely and efficiently, regardless of the method you choose.

Transfers using credit or debit cards tend to be the fastest delivery method for sending money, often arriving at your destination within one business day, compared to bank transfers.

Delivery speeds from Australia to China using OFX take between one and two business days, depending on the currency, transfer method, and recipient bank. Large transfers may require additional verification, which could add a little extra time, but OFX keeps you informed throughout the process.

Yes, money transfer to China with OFX is a highly secure process. The platform uses bank-level encryption, secure logins, and transaction monitoring to protect your funds and personal information. Additionally, OFX is a regulated financial institution, giving you peace of mind that your funds are in safe hands.

You’ll need your recipient’s Bank Code (BIC/SWIFT) and the recipient’s local bank account number. OFX does not need your recipient’s mobile phone number or email address.

In-person money transfer is easy! You can head to a money changer near you. Here are our local city guides to find the best exchange rate:

• Sydney – The best rates and competitive transfer fees in Sydney are found on Pitt Street, George Street or occasionally in Haymarket.
• Melbourne – Money changers are located near Flinders Street Station in Melbourne, with the exception of United Currency in QV.
• Adelaide – Most money transfer locations in Adelaide are located on King William Street.
• Perth – You can send money through Ria Money Transfer, located in Morley, and Hai Ha Money Transfer in Girrawheen.
• Brisbane – All the best places to send money internationally are located in the CBD, although they are spread out.