Send money from Canada to China

Highest remittance rate for converting 1 CAD to CNY = 5.09

Best way to send money from Canada to China

There are multiple ways available to send money to China but all of them do not suit your specific needs which you are looking for in transferring money abroad. So, here we are providing you the “best way to send money to China” from Canada. If you don’t want to leave your comfort of office or home, you can simply transfer money online at the best exchange rates which also offers you the “cheapest way to send money to China” at lower fees. You can now easily use the websites, mobile phones to transfer money irrespective of thinking about the safer money transfer services.

So, please find the list of companies below in a sorted order which are providing the best money transfer services and knows “how to send money to China from Canada” with the highest exchange rates and low fee.

Many people are stuck between options when it comes to sending money from Canada to China because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.

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Country Guide - China

5.24

Mid Market Rate

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5.24

Mid Market Rate

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BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee $ 7.39) $ 500
Receiving Amount
¥ 2580.8823
Realized Exchange Rate
5.09
transferwise CAD to CNY Exchange Rate
5.2392
Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Canada to China for sending amount 500. Today’s Transferwise exchange rate for sending money from CAD to CNY is 5.2392 with a $ 7.39 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 5.09. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here

More Options For Different Sending Amount

We have rates for some more providers but for either less or more sending amount
Xoom offers you fast, easy, and secure ways to send money, reload phones, and pay bills for family and friends around the world

Supported Amount - $13 to $ 4975
Exchange Rate
5.1118

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More Available Options

You can check rates of some more providers that may support your country
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
<p>Trusted by millions for every kind of online global payment, Skrill now makes payments simple, secure and quick in nearly 200 countries and 40 currencies.</p>
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
Money2anywhere is a product of UAE Exchange LLC Ltd which has its presence in more than 30 countries with over 150 correspondent banking relationships.

CAD to CNY - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from Canada to China after comparison?
  • With our real-time comparison on sending money from Canada to China ,
      we have found Transferwise remittance services who are providing competitive exchange rates.
  • Top 1 companies are - ( Transferwise, 5.09 ) .
  • To remit money in the bank account of China, best companies is ( Transferwise, 5.09 ).
  • Current money transfer offeres/promotions are available with money transfer services.
  • For quick money transfer from Canada to China with agent service is Transferwise with exchange rate 5.09.
  • Available pay in when sending money from Canada to China Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Canada to China Bank.
  • Other options to transfer money from Canada to China are Worldremit, Xendpay, Travelex, Skrill, Moneygram, Westernunion, Money2anywhere .
  • The comparison result was last updated on Aug 14, 2020.
  • For the latest comparison result of Canada to China, Please visit ExchangeRate IQ regularly.

About CAD and CNY

If you are intending to send your money from Canada to China, you need to make sure that the process is seamless. Apart from this, you also have to make sure that you take time to find the best rates for sending money from Canada to China. The main hindrance to international money transfer is usually the costs and fees charged for making your transfer. This calls for a keen eye when scrutinizing the transfer options you have.

With our Intel here at Exchange Rate IQ, you will always be in a better position when deciding the service providers you want to use for your remittance.

Sometimes it is difficult to come to an informed decision on what transfer company to use when sending money abroad especially from Canada to China. However, making this decision should not be hard at all provided you have the right guidance. We, Exchange rate IQ, act as a compass as we point the direction in which you need to take when making your remittance. This way, you can never go wrong when sending your money to China from Canada.

The best way to send money from Canada to China

The Chinese currency is not freely convertible. This means that its exchange rate is often affected by the government and can be difficult to predict. Nevertheless, the Chinese government does not like seeing big fluctuations in their currency. As a result, they will intervene from time to time to avert this.

Therefore, make sure that you are aware of the time and market conditions that prevail in the recipient’s state before sending your money. In most cases, you may opt to use banks as they give you a glimpse of the prevailing market conditions of a state. However, they have hidden fees that they do not tell you about. As much as they may try and hide them, you will still feel the strain in your pockets. 

Today, we enlighten you on best ways to send your money to China and these are:

Digital money transfer companies and direct-cash transfer services

These companies offer a complete set of qualities to look for in a good money transfer company. For a start, they are fast hence will save you time. They are also cheap with some even having no service fees. There are many online money transfer companies and in-store service providers that can help you send money easily to China from Canada. These are:

Among other attractive attributes they possess are convenience, simplicity in use and flexibility in terms of payment and pick-up methods. 

4 things to consider before sending money to China from Canada

When sending money from Canada to China, there are certain key factors that you have to consider first. Even before you lift a finger to make your remittance, you have to be careful enough not to choose a bad deal. Coming across a bad deal nowadays is as easy as coming across a good deal. To ensure that you have the latter, look at:-

  1. Exchange Rates: Always make sure that the exchange rate you are offered is closer to the real exchange rate. Some service providers may try to tamper with the CAD-CNY exchange rates for their own benefit. That is why it is important to use our exchange rate calculator here at ERIQ. 
  2. Maximum limits: The maximum amount you are allowed to send in a single day, month or week matters with every service provider. Some offer high limits while some offer low limits. 
  3. Adaptability of payment and delivery methods: You can choose to pay via credit card, your debit card as cash or using your mobile wallet depending on your method of preference. Some options even offer more than one method of payment hence adaptable enough for certain regions. In addition to that, some transfer services offer the option of home delivery or via a specific pick-up location depending on how you want them to.

FAQ's

What is transfer money from China to Canada limit?

The transfer limit for Canada to China is USD 2000 a day with a maximum amount of USD 50,000 per person per year. If you send more than RMB 10,000 to China from Canada or any other country, the recipient needs to provide the details of the transfer to the government authorities in the prescribed form.

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How fast can I send money from Canada to China?

You can choose to turn around your remittance time into instant delivery by choosing online money transfer companies such as XE Money and TransferWise. This way, your deliveries can take as short as 10 minutes to be sent to China.

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How much money can I transfer to China from Canada?

There is no maximum and minimum limit restriction on transferring money from Canada to China. You can transfer money as much you want, but over RMB 10,000 the recipient needs to provide the details of transfer to the government. So, Chinese expats living in Canada can send large amount back to China without worrying about the limit.

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What do I need to have to transfer money from Canada to China?

As long as you have a copy of your original government issued-identity card or a copy of your passport, you are good to transfer money across the Canada-China border. All you will be obliged to do as the next step is to provide details of yourself and your recipient and you will be good to go.

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How to send money to China bank account?

To send money to China bank account, you need to connect your Canadian bank account to any of the above-listed companies and enter the details of the recipient’s bank account. After confirming all the information, enter the amount you want to send and submit the transaction. The amount you transferred will be received by the recipient within 3-5 working days.

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What are the best rates for sending money from Canada to China?

If you want to find the best rates for sending money from China to Canada it is vital that you take some time to research. That is because exchange rates keep shifting and the high competition between transfer agents creates room for better transfer charges.

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Are money transfers regulated in Canada?

There are multiple ways available to send money to China but all of them do not suit your specific needs which you are looking for in transferring money abroad. So, here we are providing you the “best way to send money to China” from Canada. If you don’t want to leave your comfort of office or home, you can simply transfer money online at the best exchange rates which also offers you the “cheapest way to send money to China” at lower fees. You can now easily use the websites, mobile phones to transfer money irrespective of thinking about the safer money transfer services.

So, please find the list of companies below in a sorted order which are providing the best money transfer services and knows “how to send money to China from Canada” with the highest exchange rates and low fee.

Discuss this question

Historical Mid Market Exchange Rate From Canada Dollar (CAD) to Chinese Yuan Renminbi (CNY) (Weekly)

Current Exchange Rate(Mid Market) :- 5.24 CNY/CAD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion CAD To CNY

Send Canada Dollar To CHINA Receive Chinese Yuan Renminbi
1 CAD TO CNY 5.24
50 CAD TO CNY 262
100 CAD TO CNY 524
250 CAD TO CNY 1310
500 CAD TO CNY 2620
1000 CAD TO CNY 5240
5000 CAD TO CNY 26200
10000 CAD TO CNY 52400
Send Chinese Yuan Renminbi Receive Canada Dollar From CHINA
1 CNY FROM CAD --
50 CNY FROM CAD --
100 CNY FROM CAD --
250 CNY FROM CAD --
500 CNY FROM CAD --
1000 CNY FROM CAD --
5000 CNY FROM CAD --
10000 CNY FROM CAD --

Click To Compare Money Transfer Services For The Following

Best Money Transfer Rate CAD to CNY

Company Name Live Exchange Rate
XE Money Transfer ¥ 5.24
Transferwise ¥ 5.24
USD

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