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"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."
"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."
Overall top choice: Wise
Of the 13 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 65.3% of searches for transfers between the United States and China.
When sending money from the United States to China, using Wise in a great option.
How to get the best deal on your United States to China transfer
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from United States to China.
- Choose a provider
Select the provider that offers you the best value & service for transfers between the United States and China.
- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to China.
Summary of recent searches
Considerations ahead of sending money from United States to China
A comparison of providers offering services between the United States 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 13 providers that provide services for sending US Dollar to China. This ensures you will get the best options for your transfer to China from the United States.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the United States to China.
Cheapest way to send money to China from the United States: Revolut
They offer an average fee of 0* USD and exchange rate between USD-CNY that is 0.11% different to the mid-market rate.
In comparison, Revolut is 0% cheaper than the second-best option.
To secure affordable and great rates on a USD to China transfer, Revolut is our recommended choice.
*The most common fee applied to USD-CNY by Revolut, based on data from the past six months.
Fastest way to transfer money to China from the United States: Paysend.
Paysend was the quickest way to send US Dollar to Yuan Renminbi in 41.8% of searches. For fast transfers between USD and CNY, Paysend comes highly recommended.
When using Paysend to send money from the United States to China you can expect an average fee of 0 USD. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 13 money transfer providers. To test overall speed of sending money from the United States to China we included the timeframe for depositing US Dollar to a money transfer account and average transfer times to China.
When sending money to China from United States quickly is a priority, Paysend is our recommended choice.
Send large sums of money
From the 13 options we compared, Wise offers the strongest all round option for large transfers to China from the United States.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Yuan Renminbis to Yuan Renminbi.
As such, we recommend Wise for large transfers between China and the United States.
Understanding the cost of sending money to China from United States
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 USD-CNY is 7.2965 CNY per US Dollar.
Finding a provider offering an exchange as close to 7.2965 as possible will ensure more Yuan Renminbi received when transferring.
For context, the USD-CNY mid-market rate for the past three months has averaged 7.1553 CNY per US Dollar. This includes a high of 7.2749, and low of 7.0179.
Wise currently offers the best exchange rate on transfers from the United States to China.
For the most part the USD-CNY exchange rate you receive is the biggest factor impacting the cost of sending USD 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 the United States, averaging 0 USD 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 US Dollars to CNY, paired with a low fee, means a higher total amount received in China.
How to find the best exchange rate for US Dollar to Yuan Renminbi
Timing is essential for sending money between USD and CNY. The exchange rate you secure impacts how much CNY you get for your USD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from USD to CNY has seen some fluctuation. On average, it stood at 7.1553.
During this period, the highest value recorded was 7.2749, while the lowest was 7.0179.
Wise, which is our recommended service to send money online from United States to China offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best USD-Yuan Renminbi exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United States to China!
Payment methods available to fund your United States to China transfer
Bank transfers
Bank transfers are often the better option for money transfers from the United States to China.
Sending money via a bank transfer with a company such as Revolut for transfers from the United States to China allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Revolut is the best provider for bank transfers of the 13 we tested when sending USD to China.
With an average fee of USD0 to send money from the United States to China, Revolut offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from the United States to China with a prepaid or a debit card is very simple with Wise.
Wise is a leader in card payments for transfers from the United States to China, competing among a total of 13 active money transfer companies on this route.
Credit cards
When it comes to transferring money with a credit card from the United States to China, Instarem emerges as our top choice of the 13 companies offering this service.
Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between China and United States.
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 United States to China.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD to CNY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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