Transfer Funds to China — USD/EUR to CNY (RMB), Simple Guide
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8/27/2025
International Bank Transfers to China — Simple, Clear and Predictable (2025)
Quick answer
Agree the settlement currency, make the total cost visible before funds move, and keep beneficiary details exact. Chinese banks run routine checks; when data is clean and the payment note is short and consistent with documents, posting is smoother.
What’s specific about China
No IBAN. China does not use IBAN. Transfers rely on SWIFT/BIC, the bank name and a local account number. Exact legal names and numbers reduce follow-ups.
Currency reality. The local currency is CNY (RMB). Many payers send USD or EUR and aim for either a like-for-like credit or a local CNY outcome. Decide which figure should appear on the recipient’s statement.
Currency choice — plain view
CNY on the statement. Practical for local spending in Beijing, Shanghai or Shenzhen: rent, services, everyday costs.
USD/EUR on the statement. Useful when both sides hold balances in a major currency. FX is not a factor; focus shifts to clean data and notes.
What matters most: be clear where conversion happens (before sending or on arrival) and agree the target net amount on account.
Cost & time — explained simply
Your real total is the all-in cost: fees + FX. Seeing this upfront prevents top-ups and keeps the week predictable. Timing depends on daily processing and routine checks; earlier submissions are more reliable, especially around public holidays.
| Use case | Currency on statement | Conversion point | All-in cost (fees + FX) | Timing note |
|---|---|---|---|---|
| Supplier invoice / retainer | CNY or USD/EUR | Before send or on arrival (agree) | Confirm total upfront to avoid top-ups | Send earlier; note mirrors paperwork |
| Family support / tuition / rent | CNY for local spend | Before send for a fixed outcome | See fees + FX together (all-in) | Keep names and numbers exact; routine checks |
| Like-for-like balances | USD/EUR (same currency) | No FX involved | Operational factors dominate | Align email subject with document title |
What to expect in practice
It’s normal for a bank to confirm purpose and ask for a compact file set. Keeping all confirmations in one email thread reduces back-and-forth and keeps wording consistent. If a value date matters, plan a time window: submit earlier in the day and factor in holidays in both countries.
Common pitfalls — friendly fixes
Vague payment notes. Use a short line that mirrors the document title — faster matching.
No FX plan. Decide where conversion happens and agree the expected “on account” figure.
End-of-day wires. Late submissions risk next-day posting; mornings are safer.
Mini glossary
All-in cost: fees + FX (your real total). Payment note: a short text that mirrors the document. Posting: when the credit appears on the recipient side. Cut-off: daily processing deadline.
“Clarity on currency and a short, consistent payment note turn routine checks into quick posts — especially near public holidays.”
Explore our full range of global services
High-level routes (no step-by-step)
USD/EUR with CNY posting on arrival. Simple to set up; delivers a local outcome.
Pre-converted CNY (where available). Useful when a fixed CNY figure must appear on the statement.
Same-currency credit (USD/EUR). When both sides hold a major currency, remove FX from the equation and focus on clean data.
If something feels “stuck”
Check cut-off, exact name/number, and consistent wording. One concise update with a standard proof in the same thread often speeds reviews.
Next step
If you prefer a calm, predictable result, specialists can align the route, show the all-in cost and schedule timing around your plan.
Looking for a safe money transfer? Click here to connect with our experts
About
VelesClub Int., together with partner UNIBROKER, supports secure international payments to China with clear planning, simple documents and predictable timing.
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