Transfer money out of China via JP Morgan Chase Bank

An international bank card is often needed by expats in China where foreigners can sometimes find it harder to manage their earnings and finance than the local people. Starting business in China since 1921¹, J.P. Morgan Chase Bank from the USA is one of the popular options for foreign nationals. You can use it for payments, asset management, cross-border remittance, etc. Today, let’s look at JP Morgan Chase Bank locations in China, and give you a step-by-step guide on how to use it to transfer money out of China.

Another way to send money overseas is using Wise, an online global money transfer company based in the UK. Different from traditional banks, Wise uses the mid-market rate for international money transactions. There’s the Wise multi-currency account to receive, send and convert currencies in one place -- cheap and fast. All you have to do is register for a Wise profile today!

Send money home using Wise today

Is JP Morgan Chase Bank available in China?

Yes, it is. JP Morgan's history in China began from the opening of an office in Shanghai in 1921 by one of its predecessor firms¹.

Its integrated financial services include corporate banking, global corporate payments, securities services, marketing, sales and research, institutional Investing, commercial banking and asset management¹.

What is Chase Bank called in China?

J.P. Morgan Chase Bank is called “摩根大通中国”, (Pinyin: mó gēn dà tōng zhōng guó)“摩根大通” or “摩根银行” in China.

JP Morgan Chase Bank in China: websites and branches

J.P. Morgan Chase Bank China provides a full range of financial services to local and multinational corporations, financial institutions and government agencies in China through a network of locations in Beijing, Shanghai, Tianjin, Guangzhou, Chengdu, Harbin, Suzhou and Shenzhen¹.

Below, we list some of the offices and branches of Chase Bank in China¹. You can visit J.P. Morgan Chase Bank China official website for more information, and to find a local location in your city or near you.

Transferring money out of China with JPMorgan Chase Bank: step by step guide, fees and limits

Via J.P. Morgan Online (wire transfer)²:

1. Open JPMorganOnline.com in your browser and sign up / log in.
2. Click "Pay & transfer".
3. Choose "Wires & global transfers".
4. Click"Use our foreign exchange rate calculator".
5. Tell the bank if your recipient is an individual account or a business account.
6. Select the account and country to “pay from”.
7. Enter the amount in CNY (Chinese yuan) or a foreign currency, then click "Send money" next to the recipient's name. Click “Add recipient” if a new recipient is needed.
8. Select the date you want to move your money.
9. Enter any additional information if needed, then click "Next".
10. Carefully check all details, as wire transfers are non-reversible.
11. After checking the information, click "Schedule Wire" to complete.

Via the J.P. Morgan Mobile app²

1. Open the J.P. Morgan Mobile app and sign up / log in.
2. Select "Pay & Transfer".
3. Select "Wires & global transfers".
4. To make the foreign exchange rate calculator larger, tap the arrow.
5. Tell the bank if your recipient is an individual account or a business account.
6. Select the “Pay from” account and the country to which your money will be sent.
7. Enter the amount o in CNY (Chinese yuan) or a foreign currency, then tap "Send money".
8. Add a new recipient or select a recipient displayed.
9. Select the date you want to move your money.
10. Enter any additional information if needed, then tap "Next".
11. Carefully check all details, as wire transfers are non-reversible.
12. Make sure all details are correct, click "Schedule Wire" to finish.

Fees and limits

With JPMorgan Chase Bank wire transfers, you have a daily maximum send amount of $250,000². But you’ll need to confirm with a J.P. Morgan branch in China to inquire about the limits for sending money abroad, and about the international money transfer fees and exchange rates to be used.

How to transfer money out of China using Wise?

Wise can help expats in China to send their legal income outside of China simply and securely. Foreign nationals, who are working in China or had a job in China before, with a valid tax record issued by the China tax authority, can use Wise to send from CNY money overseas.

If it is your first time to send CNY using Wise, you’ll need to get verified with the necessary documents, including:

• Your passport
• Residence permit (or work permit or Visa or China Foreign Permanent Resident ID Card), employment contract (or other certificate of employment)
• Personal income tax record

To support your money transfer out of China with Wise, you need to top up your Wise balance. Choose one way from below that works for you:

• Add money through Wise home page
• Add money through an existing Wise balance or Jar
• Add money from your bank account

Wondering how long it takes for the payee to get the money from China? It usually takes just 1 working day for Wise to receive your money, and up to 2 business days to convert it and send it out. When you are setting up a transfer, Wise will give you an estimate for how long it will take.

Wise: Your go to universal account for sending, receiving, and converting money in China!

Founded in 2011, Wise is the choice for more than 16 million global users for making financial transactions internationally. Receiving and sending money like a local, having 8 currency account details, and holding and converting 40+ currencies, Wise offers you the multi-currency account for traveling around the world easily and affordably.

Wise supports sending money to 160+ countries in the world, including China. Sending money from China abroad is fast and cheap, via online or the mobile app, using the middle-market exchange rate. For expats in China, Wise is one of the most useful tools to top up your Alipay, Wechat Pay and Unionpay bank cards.

Open a Wise account for free right now! As soon as you do, your money is available to receive or send whenever you wish.

*This service is provided in partnership with a licensed third-party payment provider in China.