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Transfer money to China

If you’re looking for the best way to transfer money to China for a business payment, you’ve come to the right place. We’re here to make money transfers cheaper, faster and easier, and we believe that once you’ve used WorldFirst to send money to China, you’ll wonder why you ever used your bank.

Put simply, there is a strong possibility that you’re losing money through poor exchange rates if you’re sending money to China using your bank. At WorldFirst, we offer very competitive exchange rates compared to the big 4 banks, which means you’ll end up with more money in your pocket after your transfer is complete*.

We specialise in delivering USD and CNH into China for business payments, and you can even chat to one of our friendly Chinese-speaking currency specialists who can help you with your transfer. So, if you’re looking for a cheap, fast and easy way to send money to China, sign up for a free WorldFirst account today.

Why WorldFirst?

- Great exchange rates for your currency transfers

- Fast international payments

- Award-winning service

- No fees

- Access our online service 24/7

- Segregated client accounts

Have a chat with us today

+61 2 8298 4900

1 800 835 506

How it works

Once you’ve opened an account, one of our specialists will work with you to find the right solution for your needs and we won't charge you a cent.*

1

Make an international transfer

Once your account is set up, you just need to tell us how much you want to send, who you want to pay and which currency you want to pay in. Then we'll quote you a rate. Simple.

2

Send us your money

When you have booked your rate and recevied all the trade confirmations from us, you just need to send your money to us by bank transfer or you can pay by debit card. And guess what, there's no fee!

3

We make your payment

Put your feet up and we'll do the rest - convert your funds and send the money to the account you requested. Done and dusted.

Sign up

1 800 835 506

+61 2 8298 4900

*Visit our FAQs for more details on fees and charges.

What we offer

Spot contracts

So called because they’re done ‘on the spot’, this allows you to secure a rate and make your payments straight away. This is the ideal option if you’re a busy person and just need to get things moving as soon as possible!

Forward contracts

Like to plan ahead? Then forward contracts are for you. They allow you to lock in an exchange rate now and make your payment later. In fact, you can secure a rate up to two years in advance!

Regular payments

If you need to send money abroad on a regular basis, you’ll want to set up automated payments. You can arrange to do this quickly and easily with us over the phone or online.

So what are you waiting for?

Whatever you do now, or will do in the future, we can help you make the most of your money.

Sign up for free now

+61 2 8298 4900

1 800 835 506

Send money to China

The great wall of the big 4 banks should no longer stand in your way when transferring money to China. Once you’ve tried our award-winning exchange rates and customer service, we think you’ll never look back.

We can help you with your CNY, AUD, USD and CNH money transfers to China for a range of purposes - whether you’re a business with suppliers in China, an individual who has family in China or you are relocating to the country to live – we can help you.

Start saving money now when you send money to China.

WorldFirst Awards

World First Pty Ltd is a designated remittance provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC), remittance sector registration number: IND100192523-001. Regulated by the Australian Securities and Investments Commission (ASIC), Australian Financial Services Licence (AFSL) number 331945. Australian Company Number (ACN) 132 368 971. Member of the Australian Financial Complaints Authority, membership number 13405.

If you’re considering making a foreign exchange transaction, or you’re a new or existing customer looking for more information, it’s important your read our PDS available online.

*0.50% or less applies to 25 of our major and most popular currencies.

Price match applies if it doesn't result in a loss for us, we'll match it.

Many banks and payment providers frequently claim to offer “fair” and “transparent” pricing, yet the reality is something very different. Our new pricing model aims to provide both new and existing customers with fair, simple and transparent pricing, using 3 clear FX margin bands margins (0.5%, 0.25% and 0.15%) with no hidden fees. With transparent pricing our customers and potential customers can clearly compare WorldFirst to our competitors.

How do we collect this data?

WorldFirst obtain price comparisons from other international payment providers’ websites, at specific dates and time using a third-party supplier. The comparison table shows the spread applied by the competition to transfer amounts of AUD 1,000, 10,000 and 50,000 into EUR, USD and GBP.

1. The spread

The spread is the percentage difference between the exchange rate we buy our currency at and the rate at which we sell it to our customers. We at WorldFirst take a smaller spread than most banks and other currency companies, and pass this benefit on to our clients, making all our transfers simpler and more transparent.

2. The cost of international payments

For each pricing band we look at the FX spread applied. This is what we use to compare against our fixed bands of (0.50%, 0.25% and 0.15%).

When researching and making comparisons it is important to know if any additional transaction charges will be applied such as payment fees or account management fees. For most customers WorldFirst does not apply additional fees to make payments or to maintain an account with us. If any fees are applicable these will be made clear to you in advance.

3. How do we work out a comparison up to 8 times cheaper than the banks

When we collect data from providers, we do it using different “amounts” such as $1,000, $10,000 and $50,000 where possible. For our data we have focused on the top currency pairs in Australia: GBP to USD/EUR/AUD.

Because the WorldFirst fixed pricing tiers are based on annual volumes transacted by our customers, we have averaged out the spreads applied by competitors to transactions of differing amounts in those tiers to calculate an average spread. We take our spreads and divide by the average spreads of the big 4 banks. This is important, because providers tend to offer better exchange rates and smaller transfer fees when a customer is moving larger sums of money.

What all this means for you

Other money-transfer providers may have variable spreads across different currencies, whilst WorldFirst now has fixed spreads, agreed ahead of time, making it easier to compare.