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 [email protected]. If customers would prefer Chinese language support, they can talk to us through official Paysend WeChat account.
Download the Paysend app* from the App Store or Google Play to transfer funds, fast, simply and affordably to China
Latest Posts
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.
Every month, thousands of people working in the Czech Republic send part of their payday home — many of them Ukrainians supporting family across the border. And the traditional route makes it harder than it should be: bank wires that ask for IBANs and SWIFT codes, fees that only show up after the money's gone, and days of waiting while someone at home is counting on it.
Pavel Štich has spent years helping his readers solve exactly that. He's Co-Founder and Lead Financial Editor at Moneyo.cz, an independent Czech platform that compares money transfer services, stock brokers, and alternative investments — and a Paysend Ambassador, which means he tests what he recommends, explains it plainly, and brings his readers reader-only perks. We asked him how Moneyo started, who reads it, and why he chose Paysend.
