15 January 2020

Send money to China for Chinese New Year with Paysend

The 2020 Chinese New Year marks the start of the year of the Metal Rat. This is a sign of wealth and prosperity which will bring good fortune to people in their affairs of money and business. Traditionally during Chinese New Year, people give gifts of Red Pocket money to wish good luck and fortune for the new year to their friends and families. 

 

How can I send money to China?

 

Paysend offers a new, alternative way to send money to China from the UK or any other destination. Using the simple and secure Paysend app, users can easily send money to their loved ones in China. Paysend has over 1.4 million users, and China is one of the top destinations for money transfers on the Paysend platform. With Paysend, you can send money directly to many Chinese card accounts. Here's a list of Chinese banks we work with:

  • • Industrial and Commercial Bank of China
  • • Limited Bank of China
  • • China Construction Bank
  • • Bank of Communications
  • • China Everbright Bank
  • • Hua Xia Bank
  • • Bank of Shanghai
  • • Linshang Bank
  • • Hunan Rural Credit Cooperative
  • • Qinghai Rural Credit Cooperative
  • • Guangdong Rural Credit Cooperative
  • • Henan Rural Credit Cooperative
  • • Fujian Credit Cooperative

 

How much does it cost for sender and recipient?

 

Whereas many money transfer services charge large fees or take a percentage of the amount sent, it costs only £1, $2 or €1.50 to send money to cards in China, no matter how much you want to send. So if you want to transfer money from the UK to China, it will always cost you just £1 to send it via Paysend.

 

Special requirement for recipients in China

 

The amount of a single transfer delivered to a China-issued card must not exceed 15000 CNY. No more than 50000 CNY can be delivered to a single bank card within one day. The overall amount of money delivered must not exceed 250000 CNY per month.

 

How long does it take to transfer money to China?

 

Most of our transfers to China arrive instantly, although it can take up to three days (depending on your recipient’s bank’s processing time).

 

Is Paysend secure?

 

Paysend is FCA-regulated, so all of our transfers are authorised and protected. We take security very seriously, and all transfers are as safe as funds held in high street banks!

 

Customer support

 

Taking care of our customers is a top priority for us. You can get in touch with us via online chat or by email at help@paysend.com. If customers would prefer Chinese language support, they can talk to us through official Paysend WeChat account. 

Download the Paysend app now to start sending money cheaply and quickly to China.