We're currently testing sending CNY to business recipients. If you're not part of this beta program, you can't send to business recipients.
Here you’ll find answers to the most common questions about Chinese yuan (CNY) transfers.
You can’t currently send money from CNY.
Sending to CNY
Who can I send CNY to?
You can send CNY to private individuals who have a UnionPay bank card or an Alipay ID. They must have opened their bank account with a Chinese national ID card — we can’t send CNY to accounts opened with a passport, driver’s licence or military document.
What information do I need about my recipient?
For UnionPay recipients you’ll need their full name, in PinYin (A–Z) only, and their 16–19 digit UnionPay card number.
For Alipay recipients you’ll need their full name, in PinYin (A–Z) only, and their Alipay ID.
For business recipients, you’ll need their full name (in Latin characters only), their bank account number, BIC/ SWIFT code, and their address in China.
How much can I send?
For UnionPay recipients:
You can send up to 31,000 CNY per transaction
You can send up to 10,000 USD per recipient, or equivalent in CNY, per day*
You can send up to 50,000 USD per recipient, or equivalent in CNY, per year*
For AliPay recipients:
You can send up to 50,000 CNY per transaction
You can send up to 500,000 CNY per recipient, per year — each recipient can receive a maximum of 5 transfers per calendar month*
For business recipients:
You can send up to 100,000 CNY per transaction
*This limit is how much your recipient can receive in total, from all exchange platforms — it is not only limited to Wise.
How long does it usually take for the money to arrive?
For UnionPay recipients:
Once Wise receives and converts your money, it usually arrives in your recipient’s bank account on the same working day. Conversion can take up to 2 working days.
If your recipient has reached the daily receiving limit, the money will arrive on the next day.
For Alipay recipients:
If your Alipay recipient has linked their bank card to their Alipay ID: Once Wise receives and converts your money, it usually arrives in your recipient’s bank account in a few minutes. Conversion can take up to 2 working days.
If your Alipay recipient hasn't linked their bank card: They'll be given 48 hours to link a bank card so that they can receive your money. Please remind them to look out for the notification from Alipay and complete the required setup.
For business recipients:
Once Wise receives and converts your money, it usually arrives in your recipient’s bank in 1 working day.
Your recipient’s bank will usually ask for a contract and invoice, to be provided by your recipient, before the money is deposited into their bank account.
We’ll always give you an estimate for how long your transfer will take when you set it up.
Learn more about how long transfers take
Are there any restrictions on sending to CNY?
You can only send to CNY from the following currencies: USD, GBP, HKD, SGD, EUR, AUD, CAD, JPY, BGN, CZK, DKK, HUF, NOK, PLN, RON, SEK, HRK, AED, BRL, CHF, IDR, MYR, NZD, TRY.
You can send to CNY businesses from the following currencies: AUD, CAD, CZK, EUR, GBP, HKD, HUF, JPY, NZD, SGD, and USD.
Some banks in China don’t accept payments from abroad, so you can’t send money to the following banks:
China Merchants bank
China Minsheng bank
Industrial Bank Co
Shanghai Pudong Development Bank
Bank of Nanjing
Is there any other information I need to know?
Not all countries can send money to China. But if you have an account in the following countries, you can send money to a UnionPay account:
United Kingdom, United States, Canada, Australia, Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Singapore, Spain, Sweden.
Alternatively, all but the following countries can send money to an Alipay account:
Cuba, Iran, Sudan, DPRK, Syria, Crimea region, China.