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How to Send Money from United States to China

Get the best deals when you transfer from United States to China. Find the cheapest, fastest, and most reliable providers with the best exchange rates.

Read on for the best deals, expert information, and all you need to send money to China from United States.

Disclosure

Ways to send money from United States to China

The best rated provider for transfers from United States to China

Instarem

Total number of USD - CNY providers

8

Average cheapest provider for transfers to China from United States

Instarem

Best for bank transfers from United States to China

Remitly

Best for debit card transfers from United States to China

Instarem

Best for credit card transfers from United States to China

Instarem

You can always compare rates and fees based on your transfer amount and payment options when sending money.

The best way to send money from United States to China

Instarem is the best way to send money to China from United States. This is based on cost, speed, and how easy it is to use.

We analyzed 8 providers that allow USD to CNY transfers. Instarem emerged as the best option in 44.6% of searches.

How to send money from United States to China

Follow these steps to send money between United States and China

  1. Choose your provider. Register with the provider of your choice by clicking on the link above.

  2. Enter your details. Enter your details and provide any of the documents needed.

  3. Start your transfer. Tell your provider that you'd like to send money from United States to China, how much you'd like to send, and how you'd like to pay for your transfer. You'll also need to add your recipient's details.

  4. Check the recipient's details. This is really important. It can be very difficult to reverse a transfer from United States to China once it's been sent. Make sure all the details are correct before you submit.

  5. Send the money. When you've checked the details, you can make the transfer.

The cheapest way to send money from United States to China

The cheapest way to send money from United States to China is Instarem. On average, transfers from United States to China with Instarem cost $14.52, making them cheaper than their nearest competitor.

Instarem has been the cheapest way to send money from United States to China for the last three months, on average.

Just to make you aware, bankTransfer was the cheapest payment method.

The current mid-market rate between USD and CNY is 7.228102. The rate the time you transfer will impact your overall cost. As an example, Instarem has averaged -0.05% below the mid-market rate over the last three months, generally making sending money a little cheaper before fees.

Note: The cheapest way to send money isn't always the fastest

Instarem is the cheapest way to send money from United States to China, but make sure the timeframes work for you.

How the cost of sending money to China from United States is calculated

The cost of sending money from United States to United States depends on several things, including:

The mid-market rate

The current mid-market rate between USD and CNY is 7.228102. The rate the time you transfer will impact your overall cost. As an example, Instarem has averaged -0.05% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.

The markup and fee

Providers will often charge a markup on the rate, fees, or both, for transfers between China and China. This is why Instarem is listed as our cheapest option - they offer the best combination of US Dollar to Yuan Renminbi rates (-0.1) and fees (14.52).

Bank transfers from United States to China

Bank transfers are the most common way of sending USD to China as they are secure, reliable, and convenient.

If you want to send US Dollars to China via bank transfer, Remitly has been the top rated provider in our comparison system for the last three months, recommended 57.7% of the time.

That’s because companies like Remitly bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, Remitly's transaction fees for US Dollars into China have averaged at 0 for the last three months. This is significantly lower than the fees charged by banks.

Credit card payments from United States to China

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 US Dollars to China with a credit card, Instarem is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 87% of the time.

Note: Beware of charges

Credit 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.

Debit card payments from United States to China

Debit card payments let you send money from the United States to China with the similar convenience of a credit card, and there are usually no tax advance fees. That said, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.

If you want to send US Dollars to China with a debit card, Instarem is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 87.8% of the time.

Finding the best exchange rate for USD to CNY

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many CNYs you can get for your USDs. The average US Dollar to Yuan Renminbi mid-market rate over the last month was 7.1954, with a low of 7.1852 and a high of 7.2249.

For comparison, the best exchange rate for USD to CNY right now is through Wise, at a difference of 0%.

How we find the best transfer deals from United States to China

We’ve compared the cost, speed, and product offering of the top money transfer services (including Instarem) available between China and United States. Or comparison tool compares providers based on live fees, rates, and transfer times to make sure you get the best deal available.

We also produce unbiased, detailed reviews of all the top money transfer companies for sending US Dollar to China, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.

Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.

Check your provider is regulated

You should only ever use regulated providers to transfer money. If a provider is not regulated, it’s likely to be a scam.

Remember: We will only ever recommend regulated financial institutions.

Looking to send money elsewhere? Here are the most popular transfer routes

These are the most popular transfer routes for sending money to and from USA.

FAQs

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Contributors

Sarah Edwards
Sarah is a proficient Content Writer who specialises in the financial sector. Her expertise lies in delivering clear, informative articles that help readers navigate the complex world of financial transactions and currency exchanges.