Send Money from Australia to China — Best AUD/CNY Rates

Most providers offer multiple ways for your recipient in China to receive funds:

• Bank account deposit — usually 1–3 business days, the most universal option
• Cash pickup at retail agents — minutes to hours, useful when the recipient doesn't have a bank account
• Mobile wallet — instant in countries with established e-wallets (e.g. M-Pesa in Kenya, GCash in Philippines)

Check with your provider for the specific delivery options they support in China. Some providers don't operate in every region or only support bank transfers.

There is no single 'best' provider — the right choice depends on whether you prioritise the recipient amount, the fee, the speed, or the institution type.

• If you want the most for your money: Instarem delivered the highest recipient amount in our most recent live snapshot.
• If you want zero fees: National Australia Bank charges no upfront fee — just check the exchange rate margin in the table to see what you actually receive.
• If you need the money to arrive in minutes: Remitly typically clears in minutes.
• If you'd rather use a bank: National Australia Bank is one of the licensed bank options in this corridor — slower (typically 1–3 days) and usually more expensive than money-transfer operators, but some senders prefer the familiarity.

Recommendations refresh with the live data above. The provider that wins today may not win tomorrow — always check the live table immediately before sending.

Sending money out of Australia is generally not taxed for the sender, but there are reporting and compliance rules worth knowing — especially for larger amounts. The most relevant rules:

• AUSTRAC Registration — All Australian remittance providers must register with AUSTRAC (Australian Transaction Reports and Analysis Centre) and report transactions over AUD 10,000 or any suspicious activity.
• International Funds Transfer Instruction (IFTI) — Banks and money services businesses are required to report every IFTI to AUSTRAC, regardless of the amount. This is a back-end reporting requirement — there is no special form for the sender.
• Tax on overseas gifts — Genuine gifts to family members overseas are not taxable in Australia. However, if the transfer is for income-generating activity (e.g. property purchase abroad), capital gains and foreign income rules may apply.

For a complete view of the rules that apply to senders in Australia, see our Australia guide. For your specific situation, consult a tax professional.

In the AUD to CNY corridor right now, 6 providers are competing for your transfer — and the gap between the best and worst deal is ¥192 on a A$1,000 send. Instarem delivers ¥4,762 while OFX delivers only ¥4,570. That difference comes almost entirely from rate margin, not the headline fee.

The mid-market rate — the one banks use among themselves — is currently 1 AUD = 4.7844 CNY. At that rate, A$1,000 would convert to exactly ¥4,784. Instarem's rate of 4.7798 means a margin of roughly 0.10%, while OFX's rate of 4.6396 embeds a 3.03% margin. Even small-sounding percentages add up: on a A$5,000 transfer, that worst-case margin costs you ¥961 compared to the best option.

Here is an insight specific to this corridor: the provider with the lowest upfront fee (National Australia Bank at AUD 0.00) is not the same as the provider that delivers the most CNY (Instarem). That is because National Australia Bank recovers its cost through the exchange rate. This is exactly why fee-only comparisons mislead — the "Recipient gets" column in the table above is the only number that captures both the fee and the rate margin in a single figure.