CNY Transfers

CNY Transfers

Here you'll find everything you need to know about transferring to Chinese yuan (CNY).

Check the latest fees
Sending to CNY

Basic information   Notes
Delivery time 8–9 working hours  After payout. Please keep in mind that TransferWise can take up to 2 working days to convert your funds from receiving the deposit
Maximum amount (per transfer) 31,000 CNY (to private individuals) Maximum limits for CNY transfers to private individuals — 5,000 USD (or equivalent) per transaction, 10,000 USD (or equivalent) per day, 50,000 USD (or equivalent) per year as above
Countries we can send to China only  
Additional receiving banking fees None  
Required recipient details    
Recipient full name Yes First name and surname, English characters only
Recipient UnionPay card number Yes Card number should be 16–19 digits
Amount lock transfers Yes The currency you're sending from must also be able to send fixed amounts 
Business transfers No  

Countries that can send CNY

Accounts held in the local, supported currency in the following countries can make transfers to CNY.

Additional notes
  • You can only make CNY transfers to private recipients who have a UnionPay bank card.We can only pay out to UnionPay accounts opened using Chinese National ID cards. Accounts opened with a passbook, driver's licence or military document are not supported. 
  • You can't send CNY to a business recipient. You can send USD though, if you'd like to.
  • Recipients with UnionPay can only receive 10,000 USD (or equivalent in CNY) per day, or 50,000 USD (or equivalent in CNY) per year, from any remittance provider. If your recipient has previously received international transfers, via any provider, this will count towards this limit (for example, if they have received 20,000 USD already this year, their limit is 30,000 USD).
TransferWise can send money to many banks in China, however there are some exceptions. There are some banks that issue UnionPay cards, but don't accept overseas remittances, meaning that we are not able to support transfers to: 
  1. Agricultural Bank of China
  2. China Merchants bank
  3. China Minsheng bank
  4. Industrial Bank Co
  5. Shanghai Pudong Development Bank
  6. Bank of Nanjing

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