If you are a company sending money to China to pay USD invoices to Chinese suppliers, TransferMate can save you money on your international money transfer thanks to our better exchange rates and lower transfer fees than banks.
With TransferMate, you can now pay your USD invoices to China fast, securely and with better USD exchange rates!
What information do I need to make a bank Transfer to China?
To transfer money to China bank account, you will need to provide the following beneficiary details:
BENEFICIARY'S BIC/SWIFT CODE
BENEFICIARY'S FULL NAME
BENEFICIARY'S BANK NAME
BENEFICIARY'S IBAN/ACCOUNT NUMBER
Your beneficiary in China or your bank will be able to provide these details to you.
FREQUENTLY ASKED QUESTIONS
With our local client accounts, our system allows you to receive funds quicker. TransferMate can send your money to China in just 24 hours. You need to transfer your funds locally to our accredited client account and as soon as we receive your funds, we send your US dollars (USD) directly from our accredited account into China to your beneficiary in China in US Dollars.
Our clients making USD payments to China are importers, wholesalers, furniture importers, electronic suppliers, IT companies, catering equipment suppliers and any company making a payment to a supplier in China is US Dollars.
An online payment platform available 24/7 to book a rate.
Open an account for free, quickly and without commitments.
A friendly team of money transfer specialists available to answer your questions over the phone or by live chat.
Free to sign up and compare with your bank
Savings: Lower Transfer Fees and Better Exchange Rates than using your bank
Faster International Payments
24/7 Online Access
Online Payment tracking and automated payee notification
Automated system for verifying payee bank account details
Simply click here and register in just 2 minutes. Once you have completed this form you will receive a quick form to sign and return by scan/fax to firstname.lastname@example.org
Our team may request further documents to identify your business however one of our team can advise at a later stage.
There are no transfer fees over 5,000 for registered businesses.
A fee of €10 is applied to all transactions initiated by individuals.
For transfers under 5,000 there may be a small fee which is typically less than those charged by a bank.
Our site uses Secure Socket Layer (SSL), 256-bit encryption to protect your transaction details. 256-bit encryption is the latest and strongest data encryption techniques commercially available for securing information among you, our client and our website.
SSL works by encrypting/scrambling data from our website to your computer. The data is encrypted on our web server and can only be decrypted/unscrambled by the person with the correct decrypt/unscramble key.
You can verify our sites use of SSL in two places, by the user of "s" in https in the address bar of the site and by the padlock in your status bar at the bottom of your web browser.
We require cleared funds to be received into our bank account before we can process your money transfer. Please note this account has been designated a client account with our bankers, meaning it can only hold client money. Please see the Account Details tab for the relevant account specific to your transfer destination.
Yes, this is called a batch payment and is popular for any company needing to make multiple foreign currency payments. You simply send us a list of the payments you need to make. Our currency desk will contact you and tell you what the total will be in your local currency. You then send us just one payment and we handle the multiple payments for you.
Once your funds have cleared in our Client account, the converted funds will be credited to your nominated overseas account in no longer than 2 working days.
Please remember that transfers must be uploaded by 12pm to be processed on the same day! In most cases we endeavour to transfer funds to your beneficiary from their local currency which
speeds up the payment.
Yes, using our online system you can view a history of all payments booked and a live status of every payment.
As a member of the global SWIFT network TransferMate delivers these funds directly through SWIFT. This also means we can monitor and track your funds at all times.
Our team are able to process payments in all major and exotic currencies traded globally, except for restricted currencies.
In the event that you are unable to fully settle your payment order at the rate you have booked, we will close out the payment order at its then prevailing market rates and any loss or costs incurred by us will be met in full by you in accordance with the firms Terms and Conditions. In cases of non co-operation the firm retains the right to invoke a late settlement penalty as set out in the terms and conditions.
Interpay Ltd trading as Transfermate, endeavours to meet the highest customer service standard. If you feel that we have not achieved this goal we have set up a complaints handling process at the following page: Complaints Process
What customers say about TransferMate
For me there are 3 important things when it comes to transferring my funds between countries. 1. My funds are secure, 2. The transfer occurs quickly, 3. That the exchange rate is fair.
Transfermate ticks all three boxes, and with it being an online system I can do it whenever and wherever I want. So far I've used the service 12 times over 15 months, and it works for me.
On time, right amount, no extra or hidden charges. I will be using from now on for all my money transfers.
Our accountant recommended TransferMate to us over a year ago and I have to say that they have made a real difference to our company. Overall, we have made substantial savings and we would have no hesitation in recommending TransferMate.
It is so easy to make payments and the savings to our company have been considerable. It always frustrated me to pay so much in bank fees for international transfers but now with Transfermate the flat fee means more money in our coffers.
Mark, PLW, UK
Apart from the obvious monetary saving of using Transfermate, their Quickbooks app offers simplicity - even for those not so versed in accounting (like me). Everything regarding the transaction is entered for you, making reconciling a breeze. I highly recommend TransferMate!