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Here are some optimal ways to transfer money from China


Jan 12, 2023

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There are several ways to transfer money from China, although each of them has pros and cons.

As you know, China has strict rules and regulations related to money transfer in and out of the country. They regulate the actions of individuals and businesses who move money in and out of China. It is vital to obey all regulations to avoid sanctions and easily transfer money from China.

In this article by DNBC Financial Group, we will break down the different methods of transferring money out of China legally.

Here are some optimal ways to transfer money from China

Here are some optimal ways to transfer money from China

Rules and regulations of transferring money out of China

There are many restrictions on how much money can you transfer out of China.

There is a limitation applied for local residents and foreigners. For example, travelers can take the equivalent of 5,000 dollars of foreign currency out of the country.

They can take local currency of 20,000 Yuan in or out of China. For cash transactions of over 10,000 dollars, you need a special permission to bring in or take out the money from China.

There are added limits if you leave China quickly. Individuals leaving the country twice within 15 days are subject to a cap for foreign currency of 1,000 dollars. If the traveler leaves China twice in the same day, the cap will drop down to 500 dollars.

There are also further restrictions depending on which country the non-national is traveling to. The destination country may have regulations on how much cash can be brought into it that can be lower than the amount that China allows to leave the country.

Chinese citizens can make an international transfer up to a daily limit of 50,000 dollars. This transaction can be completed at the local bank. However, if your transaction exceeds these funds, the Chinese citizens are required to show the proof of current expenditures.

How to transfer money from China?

Although China has many strict rules and regulations related to money transfer from China, the following methods meet all regulations and work well for you.

Online money transfer providers

This is considered the best optimal way to transfer money from China to other countries.

Basically, an online money transfer provider is the cheapest way and fewer fees are charged. It’s also the quickest method for sending large amounts of money out of China. It can all be done in a single online transaction.

Money transfer providers are an optimal way to save money if compared to the banks. They are very secure, friendly, and offer wholesale currency rates up to 95% against the banks.

Here is a list of online money transfer providers: DNBC Financial Group, WorldRemit, Western Union, TransferWise, Remitly, OFX, XE, TransferGo, CurrencyFair …

Take DNBC Financial Group as a provider to transfer money from China.

At DNBC Financial Group, you will be transferred for personal and international business accounts in 173 countries. They supply their customers with alternative transfers at a favorable exchange rate.

You can easily send money via your online accounts. It’s faster and more economical than visiting a local bank.

Many people also believe that DNBC Financial Group is one of the most reputable providers of transferring money out of China.

Bank Transfer

This is one of the most common methods used by many people to send money out of China. This method is both secure and reliable but has some downsides.

Foreigners in China have a limitation of 500 dollars on withdrawal. For any funds over 500 dollars, proof of ownership and paid tax have to be provided with some certain documentations.

This means if you plan to send home a large amount of funds, you will have to go through a very long process at the bank, and ensure that all the required documents are legal.

With regard to the fees, sending money out of China via bank transfer is quite expensive. This includes the fee paid on every transaction and a fee rate of 2% – 4% for currency exchange.

Although the fees and exchange rates can be costly, this way is secure and reliable. This is an alternative to sending money home, and makes getting your money out of China easier.


PayPal is a reputable financial tool for making online payments. This is a straightforward way of getting your money out of China. In order to proceed this, it’s required to have a Chinese PayPal account and link it to your Chinese bank account.

While it isn’t possible to add your Chinese card to your international PayPal account, it is possible to make a Chinese Paypal account with your Chinese bank card. You can then send money between your overseas and Chinese PayPal accounts.

The downside of using this method is that it can cost a 2- 3% overseas transfer fee, along with a currency conversion fee. All of the combinations make it a cost method.

More information of DNBC Financial Group

DNBC Financial Group is a leading international money transfer service provider. We make cross-border payments and online payment processing simpler than ever.

It’s considered as a common provider in China. We offer the optimal personal and business account for international payments with money transactions with multiple currencies and security.

Note: The content in this article is for general informative purposes only. You should conduct your own research or ask for specialist advice before making any financial decisions. All information in this article is current as of the date of publication, and DNBC Financial Group reserves the right to modify, add, or remove any information. We don’t provide any express or implied representations, warranties, or guarantees regarding the accuracy, completeness, or currency of the content within this publication.