Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 69.2% of China to Canada searches, and was the top rated company out of 5 that support CNY to CAD.
So for a great mix of cost, speed & features, make your China to Canada transfer using Wise.
How to get the best deal on your China to Canada transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from China to Canada.
- Choose a provider
Select the provider that offers you the best value & service for your needs
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Important things to consider before sending money from China to Canada
Don't settle for the first option. Always compare ways to send money from China to Canada to find out about fees, speed, and reliability.
Our analysis included 5 providers that operate between China and Canada.
Through this, you get a comprehensive view of all the options you have in China when you need to send money to Canada.
Cheapest way to send money to Canada from China: Panda Remit
Data collected over the past six months shows that Panda Remit is 3.3% cheaper than the second-best option.
The 元4 transfer cost represents the most common fee for CNY to CAD international transfers, based on data from the past six months.
If you want to secure the best rates on a CNY to Canada transfer, make sure you pick Panda Remit to send your money online.
*The most common fee applied to CNY-CAD by Panda Remit, based on data from the past six months.
Fastest way to send money from China to Canada: TorFx
Our data shows that TorFx came up as the fastest way to send money from China to Canada in 61.5% of searches. This makes them well suited to urgent CNY to CAD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from China to Canada - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, TorFx is your best choice at the moment. This service emerged as the quickest way to send money to Canada from China in 61.5% of the searches on MoneyTransfers.com over the past six months.
Need to send a big amount?
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 CNY from China to Canada, it’s the provider that will keep you safe and relaxed while your money moves into CAD.
Understanding the costs involved when moving money from China to Canada
When calculating the costs of money transfers between China and Canada, here's what really matters:
The Mid-Market Rate: Today, the CNY-CAD mid-market rate equals 0.1955 CAD per Yuan Renminbi.
The CNY-CAD average exchange rate for the past three months has been 0.1911 CAD per Yuan Renminbi, with a high of 0.1947 and a low of 0.1884.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CNY to CAD.
How to find the best exchange rate for China to Canada
Timing is essential for sending money between CNY and CAD. The exchange rate you secure impacts how much CAD you get for your CNY.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CNY to CAD has seen some fluctuation. On average, it stood at 0.1911.
During this period, the highest value recorded was 0.1947, while the lowest was 0.1884.
Wise, which is our recommended service to send money online from China to Canada offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CNY-Canadian Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from China to Canada!
Payment methods available to fund your China to Canada transfer
Bank transfers
Bank transfers are often the default option for sending money from China to Canada.
By using a money transfer company such as Panda Remit for transfers from China to Canada, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Panda Remit is the cheapest provider for bank transfers from the 5 we tested when sending CNY to Canada.
With an average fee of CNY4 to send money from China to Canada, Panda Remit offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from China to Canada with a debit or a prepaid card is very simple with .
is a leader in debit card payments for transfers from China to Canada, competing among a total of 5 active money transfer companies on this route.
Credit card
When it comes to credit card transfers from China to Canada, emerges as our top choice of the 5 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
What payment methods are available when sending money from China to Canada?
Sending bank transfers from China to Canada
Bank transfers are the most common way of sending CNY to Canada as they are secure, reliable, and convenient.
If you want to send Yuan Renminbis to Canada via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from China to Canada by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Yuan Renminbis to Canada with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from China to Canada by payment apps
If you’d like to send money from China to Canada via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from China to Canada.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Canada in Canadian Dollar at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from China to Canada after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the CNY to CAD exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of CNY to CAD is 0.1955
How we Analyze the Market
We track the cost, speed, and product offerings of the leading money transfer services available between Canada and China.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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 China to Canada.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CNY to CAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
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