Companies for transfers to China
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
"Moneycorp is an established player in the market, with a focus on private clients and corporates. Make overseas payments in over 120 currencies and 190 countries."
Overall top choice: Wise
Of the 9 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost.
Over the last six months, Wise appeared in 33.3% of searches for transfers between Australia and China.
When sending money from Australia to China, using Wise in a great option.
How to get the best deal on your Australia to China transfer
Considerations ahead of sending money from Australia to China
A comparison of providers offering services between Australia and China, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 9 providers that provide services for sending Australian Dollar to China. This ensures you will get the best options for your transfer to China from Australia.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Australia to China.
Cheapest way to send money to China from Australia: Revolut
Data collected over the past six months shows that Revolut is 0.3% cheaper than the second-best option.
The $0 transfer cost represents the most common fee for AUD to CNY international transfers, based on data from the past six months.
If you want to secure the best rates on a AUD to China transfer, make sure you pick Revolut to send your money online.
*The most common fee applied to AUD-CNY by Revolut, based on data from the past six months.
Fastest way to transfer money to China from Australia: Airwallex.
Airwallex was the quickest way to send Australian Dollar to Yuan Renminbi in 44.4% of searches. For fast transfers between AUD and CNY, Airwallex comes highly recommended.
When using Airwallex to send money from Australia to China you can expect an average fee of 0 AUD. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 9 money transfer providers. To test overall speed of sending money from Australia to China we included the timeframe for depositing Australian Dollar to a money transfer account and average transfer times to China.
When sending money to China from Australia quickly is a priority, Airwallex is our recommended choice.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send AUD from Australia to China, it’s the provider that will keep you safe and relaxed while your money moves into CNY.
Understanding the cost of sending money to China from Australia
The cost of sending money from China to China, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from AUD-CNY is 4.5621 CNY per Australian Dollar.
Finding a provider offering an exchange as close to 4.5621 as possible will ensure more Yuan Renminbi received when transferring.
For context, the AUD-CNY mid-market rate for the past three months has averaged 4.8133 CNY per Australian Dollar. This includes a high of 4.8231, and low of 4.7618.
Wise currently offers the best exchange rate on transfers from Australia to China.
For the most part the AUD-CNY exchange rate you receive is the biggest factor impacting the cost of sending AUD to China.
Fees: Outside of exchange rates, you may need to pay a fee to send. Revolut currently offers the lowest fees on transfers to China from Australia, averaging 0 AUD over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Yuan Renminbi is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Australian Dollars to CNY, paired with a low fee, means a higher total amount received in China.
How to find the best exchange rate for Australia to China
Timing is essential for sending money between AUD and CNY. The exchange rate you secure impacts how much CNY you get for your AUD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from AUD to CNY has seen some fluctuation. On average, it stood at 4.8133.
During this period, the highest value recorded was 4.8231, while the lowest was 4.7618.
Wise, which is our recommended service to send money online from Australia to China offers an exchange rate that is only -0.01% above the mid-market rate.
Want to secure the best AUD-Yuan Renminbi exchange rates?
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Payment methods available to fund your Australia to China transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between China and Australia.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Australia to China.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send AUD to CNY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.