Wise is the fastest way to send money to China from Singapore right now, with delivery in within minutes. TorFx is cheapest overall, paying out 36,643.74 CNY for a $7,000 transfer.
| 5 of 5 providers Last updated on 28 September 2026 | |||
| Based on 7,000 SGD transfer Best companies for SGD/CNY transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee $56.65 1 SGD = 5.2497 CNY +0.02% vs mid-market | Recipient gets ¥36,450.23 Within minutes | |
Ways to receive money in China with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $56.651 SGD = 5.2497 CNY ¥36,450.23You pay$7,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee $0.00 1 SGD = 5.1812 CNY +1.33% vs mid-market | Recipient gets ¥36,268.40 Minutes - 24 hours | |
Ways to receive money in China with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 SGD = 5.1812 CNY ¥36,268.40You pay$7,000.00 | |||
Run a live search Showing top Singapore to China deals for 7,000 SGD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live SGD to CNY rates. | |||
Run a live search These companies offer multi-currency accounts for spending CNY. We suggest doing a live search based on how much SGD you're planning to spend in China. | |||
Run a live search These are managed services with real human support for large SGD transfers. Click the link and update the transfer amount to get the best deal. | |||
 TorFx Pay via Bank transfer | Fee $0.00 1 SGD = 5.2348 CNY +0.30% vs mid-market | Recipient gets ¥36,643.74 Minutes - 24 hours | |
Ways to receive money in China with TorFx when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 SGD = 5.2348 CNY ¥36,643.74You pay$7,000.00 | |||
 OFX Pay via Bank transfer | Fee $0.00 1 SGD = 5.2243 CNY +0.50% vs mid-market | Recipient gets ¥36,570.23 Minutes - 24 hours | |
Ways to receive money in China with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 SGD = 5.2243 CNY ¥36,570.23You pay$7,000.00 | |||
| Wise Pay via Bank transfer | Fee $56.65 1 SGD = 5.2497 CNY +0.02% vs mid-market | Recipient gets ¥36,450.23 Within minutes | |
Ways to receive money in China with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $56.651 SGD = 5.2497 CNY ¥36,450.23You pay$7,000.00 | |||
| Wise Pay via PayNow | Fee $56.65 1 SGD = 5.2497 CNY +0.02% vs mid-market | Recipient gets ¥36,450.23 Within minutes | |
Ways to receive money in China with Wise when paying by paynow. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $56.651 SGD = 5.2497 CNY ¥36,450.23You pay$7,000.00 | |||
| Xe Pay via Bank transfer | Fee $0.00 1 SGD = 5.1812 CNY +1.33% vs mid-market | Recipient gets ¥36,268.40 Minutes - 24 hours | |
Ways to receive money in China with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 SGD = 5.1812 CNY ¥36,268.40You pay$7,000.00 | |||
 Moneycorp Pay via Bank transfer | Fee $0.00 1 SGD = 5.1771 CNY +1.40% vs mid-market | Recipient gets ¥36,239.45 Minutes - 2 days | |
Ways to receive money in China with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 SGD = 5.1771 CNY ¥36,239.45You pay$7,000.00 | |||
| Wise Pay via Debit card | Fee $373.01 1 SGD = 5.2497 CNY +0.02% vs mid-market | Recipient gets ¥34,789.44 Within minutes | |
Ways to receive money in China with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $373.011 SGD = 5.2497 CNY ¥34,789.44You pay$7,000.00 | |||
| How Our Results Work Mid-market rate: 1 SGD = 5.2506 CNY Updates every 60 minutes. | |||
Transfer details
I suggest starting with TorFx which is the cheapest option for sending $7,000.
There are 3 methods to fund the transfer form Singapore, including bank transfer, paynow, and debit card.
Where possible, use PayNow to fund your account, it is usually free and takes seconds.
Before you can send money to China, you'll need to verify your account using Singpass, or a passport and pass if you're not a resident.
How much SGD you send to China heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $1,000 | -0.65% | $5.00 | ¥5,257.08with cash deposit to mobile wallet | +¥101.56 | |
| $7,000This page | 0.30% | $0.00 | ¥36,643.74with bank transfer to bank deposit | +¥442.07 | |
| $10,000 | 0.27% | $0.00 | ¥52,350.85with bank transfer to bank deposit | +¥655.85 |
Mid-market rate: 1 SGD = 5.2506 CNY
There are 5 ways to send money to China across 5 money transfer companies.
Cheapest way to send money
Sending CNY from Singapore with a specialist like Wise is quick, easy, and cheap.
You sign up online or through the app, verify account details, enter the amount, fund your transfer, and click send.
Wise charges $56.65 to send $7,000, delivering 36,450.23 CNY after a 0.02% markup and 56.65 SGD fee.
Large transfers from Singapore
Brokers are the best for large SGD transfers to China.
A currency broker can quote a lower margin on a large SGD to CNY transfers and help with the paperwork and the entire process.
For example, TorFx charges an exchange-rate markup of around 0.3% and no fees.
Large transfers may be held briefly for Singapore’s anti-scam checks, so if your transfer is time sensitive, start the process a bit earlier.
Regular spending abroad
A multi-currency account like Wise lets you convert SGD to CNY before travelling or paying your own bills overseas.
And you can hold both currencies in one account.
Wise will get you 36,450.23 CNY after fees when converting 7,000 SGD.
With TorFx, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 36,643.74 CNY.
Pay in SGD through bank transfer, paynow, and debit card.
Funding the transfer with PayNow
This is the quickest and simplest way to pay for your transfer to China from Singapore.
Scan the company's PayNow QR code or use its registered identifier.
In China, they can receive CNY using bank deposit.
You pay $7,000.00
元36,644
Cheapest
You pay $7,000.00
元36,450
-元194
You pay $7,000.00
元34,789
-元1,854
Consider these things before sending money from Singapore to China.
For a $7,000 transfer to China, these are the best options to start with:
Cheapest: TorFx, funded by bank transfer with bank deposit for the payout. Your recipient gets 36,643.74 CNY, which is 0.2% more than the next best option.
Fastest: Wise, funded through bank transfer with bank deposit for the payout. Your recipient gets 36,450.23 CNY in within minutes.
Eligible SGD deposits at participating banks are insured by SDIC up to S$100,000 per depositor and bank.
A balance with a non-bank transfer company is not a bank deposit and does not receive the same cover, even when the company is MAS-licensed.
When unsure, check the legal company in the MAS Financial Institutions Directory before paying.
The exchange rate directly affects how much CNY arrives for your SGD.
Mid-market rate:1 SGD = 5.254764 CNY
Every company here holds a MAS licence, which you can check yourself on the MAS register.
We track 5 of them on SGD to China, refreshed in real time on live searches, and compare on the amount that arrives rather than the headline fee.
Each goes through our review. More on who we are, why you can trust us and how to get started.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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