HOW TO Send Money From China
If you’re trying to wire money overseas from China, you have a few options. The most important part is changing your money from RMB to another currency.
The easiest and most painless way to transfer money is to have a Chinese friend do it (now that I think about it, I could say that for 99% of the articles on this site. but anyway). Your Chinese friend needs to have an account with one of the big banks: Bank of China, HSBC, Standard Chartered, etc. The rates are better and the chances are higher that the tellers have done this before. My experience is that English at these banks is also better.
Get your friend to convert the RMB using their account. You can either hand your friend the money in a sack or wire it to them (safe and cheap, but can take up to 2 days).
If you are a foreigner, you can convert the money yourself but the process involves a few extra steps of paperwork. You’ll also need passport/ID.
Unless you are changing to an obscure currency, this part is pretty smooth. Once the money is converted, you now have two choices:
Bank-to-bank wire transfer
Bank of China has a form called “Application for Funds Transfers (Overseas)” (jìng wài huì kuǎn shēn qǐng shū / 境外汇款申请书). Other banks have similar forms.
Bank of China charges 150 RMB for the wire transfer service and a 0.1% commission on the transferred amount.
Make sure you have the address of the receiving bank, swift/routing codes and the recipient’s account number.
Your Chinese friend fills out the rest as it will pertain to his or her account. Thankfully you don’t need your passport, blood sample or your grandfather’s birth certificate.
The teller will say to expect it in 7 business days. I’ve had the money send as fast as 48 hours.
Western Union/MoneyGram
If you aren’t sending to a bank, you’ll have to go through money transfer services like Western Union or MoneyGram. The recipients can pick up your transfer in cash, but you will pay a premium.
For Western Union, go to a China Post or Agricultural Bank of China. Transaction fee is 17% of the transferred amount.
You can do MoneyGram at Bank of China, China Citic Bank, ICBC and Bank of Communications. Transaction fee is 10% of the transferred amount.
Make sure that you have the EXACT spelling of the recipient’s name and address as it appears on the ID they carry, otherwise you could experience some delays.
Once you’re finished, you’ll get a transaction number that you can send to your recipient. There is also an option for filling out a security question.

