How to send money from Canada to China
Canada is home to over a million people from China - in Vancouver alone 20% of the population now identifies as Chinese.
If you’re a Chinese expat living in Canada and you need to send money home to friends and family, you’ll want to find the cheapest way to send money from Canada to China. This is because money transfers are often sent with high commission charges, hidden fees and poor exchange rates.
How to find the cheapest way to send money from Canada to China
The only way that you’ll be able to find the cheapest way to send money from Canada to China is by knowing how much it will cost you in terms of fees, and how much your recipient will receive (this depends on the exchange rate).
If you’re using an offline method like a bank, money transfer store or post office, this will involve going in-store and asking the cashier how much it’ll cost.
However, it may be quicker and easier to just check online by using a money transfer calculator from an online platform. This will help you to compare ways to send money from Canada to China really quickly, and will help you decide which is the cheapest.
To get you started with this, check out Paysend’s money transfer calculator on our home page.
Send money quickly and cheaply with Paysend
Paysend helps over 2.4 million people send money to over 100 countries around the world, including many people wanting to send money from Canada to China.
We’ve partnered with Alipay, so that when using Paysend, you can send money straight to Alipay accounts using just the recipient’s account number/email, full name and reason for transfer.
Alternatively, you can send to a UnionPay or Mastercard account using just the recipient’s name and card number.
When you send money from Canada to China with Paysend, it costs just C$3 in transfer fees, no matter how much you want to send. So if you’re sending C$200 or C$400 from Canada to China, it will cost you just 3 Canadian dollars either way!
Plus, money transfers using Paysend usually arrive within seconds - 75% of our money transfers reach their destination in 20 seconds or less. The only thing that normally slows us down is if the recipient bank isn’t quite as quick as us! You may also read about how to easily transfer money to China online!
Visit our homepage to find out how much your recipient will receive in Yuan using Paysend’s excellent exchange rates!
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Here's the short answer: yes, you can use a credit card to get money into someone's bank account abroad. "Credit card to bank transfer" means exactly that — you fund the transfer with your credit card, and your recipient receives it in their bank account. Or on their card, in their wallet, or as cash to collect, depending on where they are.
The card and the bank account do different jobs. Your card pays for the transfer. A provider like Paysend then pays the money out through local systems on the other end. It's one flow, and it takes about a minute in the app.
One thing worth knowing before you start: a credit card is usually the most expensive way to fund a transfer. Some issuers treat it as a cash advance, and credit tends to carry higher payment fees than debit. You'll always see the full cost, exchange rate included, before you confirm anything. What follows is: the ways your money can arrive, what each one costs, how fast it gets there, and the cheaper routes worth checking first.
Chaque mois, des milliers de personnes travaillant en République tchèque envoient une partie de leur salaire chez elles — beaucoup sont des Ukrainiens qui soutiennent leur famille de l'autre côté de la frontière. Et la méthode traditionnelle complique ce qui devrait être simple : des virements bancaires qui exigent IBAN et codes SWIFT, des frais qui n'apparaissent qu'une fois l'argent parti, et des jours d'attente pendant que quelqu'un, chez soi, compte sur ce transfert.
Pavel Štich aide ses lecteurs à résoudre exactement ce problème depuis des années. Il est cofondateur et rédacteur en chef finance de Moneyo.cz, une plateforme tchèque indépendante qui compare les services de transfert d'argent, les courtiers en bourse et les investissements alternatifs — et Ambassadeur Paysend, ce qui signifie qu'il teste lui-même ce qu'il recommande, l'explique simplement, et fait bénéficier ses lecteurs d'avantages exclusifs. Nous lui avons demandé comment Moneyo a démarré, qui le lit, et pourquoi il a choisi Paysend.
