How to send money to UK from China with the best CNY-GBP rate

Comparing providers offering services between China and the United Kingdom based on your specific transfer amount, is the easiest way to get the best price on your transfer.

Right now, these are your best options for sending money from China to the United Kingdom

• Wise scored the highest of the 2 money transfer companies supporting CNY to GBP transfers. For example, sending 50,000 CNY to GBP will cost you 元332.73 in fees, and the recipient will get 5,531.89 GBP. The delivery time is within an hour.

• The cheapest option is Wise. Our data shows, over the past week, that Wise is 0.64% than the second-best option when sending via a bank transfer. This includes a fee of 332.73 CNY and a CNY-GBP exchange rates.

• Fastest money transfers to the United Kingdom from China is with Wise. Right now, if you send 元50,000 with Wise to United Kingdom, the transfer time is within an hour. When sending money from China to the United Kingdom, Wise has a fee of 332.73 CNY. Although we would recommend comparing the amount you want to send.

We cover the entire CNY-GBP market and have compared 2 providers offering services between China and the United Kingdom.

This ensures you will get the most comprehensive options for sending Yuan Renminbi to the United Kingdom.

Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific China to the United Kingdom transfer needs.

The exchange rate determines the price you will pay when buying Pound Sterling in China. A better exchange rate means more Yuan Renminbis being sent to the United Kingdom.

The current rate between the Yuan Renminbi and Pound Sterling is 0.1119.

The total cost of money transfers to the United Kingdom from China, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.

• The Mid-Market and Exchange Rates: The current mid-market for CNY-GBP is 0.1119 GBP per Yuan Renminbi.

• Fees: Some money transfers between China and the United Kingdom will be subject to fees. Although you should search for your send amount for actual fees as your scenario may be different.

• Amount Received: Money transfer companies will show you the amount of Pound Sterling eventually received in the United Kingdom.

A safer option if you want to get a particular rate is to use a forward contract, especially for large Yuan Renminbi transfers to United Kingdom. This allows you to lock in an agreed exchange rate between China and the United Kingdom.

Sending via a bank transfer is the payment method that will get you the best price on a transfer from China to the United Kingdom.

Here are all the ways to fund your transfer:

Bank transfer

Bank transfers are often the best and easier way to send money from China to the United Kingdom.

By using a money transfer company such as Wise for transfers from China to the United Kingdom, you can send money via a bank transfer and benefit from lower fees and more favorable exchange rates than would be offered by a bank. 


Debit and prepaid cards

Sending money from China to the United Kingdom with a debit or a prepaid card is easy with .


is a leading money transfer company for debit card payments, and offers transfers from China to the United Kingdom.

Credit cards

When it comes to sending money with a credit card from China to the United Kingdom, it can get very expensive very quickly due to additional fees.

We recommend sticking to bank transfers or debit card deposits, but if you have to, run a quick comparison to find the right money transfer company that offers credit card deposits.

Companies offering money transfers between China and the United Kingdom will have minimum or maximum thresholds on how much you can send or receive across set timeframes.

Exchange rates and fees for different transfer amounts could change and sending regularly could mean losing out.

That’s why it’s best to compare CNY-GBP rates for your specific transfer amount.

For regular transfers to the United Kingdom to China, shopping around each time can make a huge difference.

For sending large amounts of CNY to United Kingdom without hitting a threshold, we’d recommended Wise. They offer a combination of rates and fees when sending from China to the United Kingdom that is the most competitive, even at larger amounts.

Be sure to check with the recipient and understand any declarations needed on large amounts of money entering the United Kingdom from China.

Options for receiving Pound Sterling in the United Kingdom include direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all of the 2 providers offering transfers from China to the United Kingdom will support every method for incoming Pound Sterling, so it’s best to check ahead of time.

The most common option is to send directly from China to a bank account in the United Kingdom. For most part, this is convenient but does have receiving fees to potentially be aware of.

Wise is the best company for bank transfers between China and United Kingdom.

Cash pickup is popular in some parts of United Kingdom, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like Wise.

When sending Pound Sterlings to the United Kingdom, through a money transfer company, you will need to verify your ID when signing up.

The documents you need can vary and in some cases you might need a couple of options.

Generally, government issued ID such as a passport or driver's license are accepted in China. If the recipient needs an ID to collect money in the United Kingdom, the same applies there. You may also be able use other ID formats, where these aren’t available.

Large transactions between China and United Kingdom can be subject to additional checks such as proof of funds for anti-money laundering purposes. This may also require additional ID checks.

One of the reasons Wise as scored so highly for transfers to the United Kingdom is their easy sign up process in China.

As well as proof of funds, when sending large amounts of money between China and the United Kingdom there will be tax declarations to consider. This is also potentially due to regular transactions.

Some transfers into Pound Sterling may need to be reported to tax authorities in the United Kingdom and China, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances do change in the United Kingdom based on age, income and a few other elements. Everyone’s tax obligations are unique - when in doubt, please contact a tax professional in China or the United Kingdom.