6 Best Ways to Send Money: Australia to China (2026 Guide)

Quick Summary: Best Options for AUD to CNY Transfers

For the most efficient money transfers from Australia to China in 2026, Panda Remit and Wise are the top recommendations for frequent, digital-first transactions due to their integration with Alipay and WeChat Pay. For large-scale asset transfers exceeding $10,000 AUD, OFX and traditional banking channels (via SWIFT) remain relevant despite higher costs, offering robust compliance support. Always verify the provider is registered with ASIC before initiating funds.

Why 'Best for Frequent Transfers' Matters for Assets & Long-Term Goals

When managing cross-border assets or supporting family long-term, the frequency of transfers impacts the total cost of ownership as much as the exchange rate. In 2026, volatility in the AUD/CNY pairing means that 'dollar-cost averaging'—sending smaller amounts frequently rather than one lump sum—can mitigate currency risk.

However, frequent transfers require a provider with low fixed fees and high automation. Services optimized for high-frequency transactions allow users to bypass the administrative fatigue associated with traditional bank wires, which often require manual intervention for every transaction.

Comparison: Top Providers for Australia to China (2026)

Analysis of Top Money Transfer Services

1. Panda Remit

Panda Remit has established itself as a specialized corridor provider for Asia. It is particularly strong for users requiring direct integration with Chinese digital ecosystems. By partnering directly with Alipay and WeChat Pay, it bypasses many traditional banking hurdles.

2. Wise (formerly TransferWise)

Wise remains a benchmark for transparency, utilizing the mid-market rate without a markup. They charge a variable fee and a small fixed fee. For Australian users, Wise is effective for bank-to-bank transfers where immediate speed is less critical than rate certainty.

3. Western Union

While often more expensive regarding exchange rate margins, Western Union holds the advantage of a vast physical network. If the recipient in China requires cash pickup rather than a digital deposit, this remains a primary option.

4. OFX

Headquartered in Sydney and regulated by ASIC, OFX is tailored for large transfers. They do not use a digital wallet model but rather a broker model. This is ideal for property sales or repatriation of savings where speaking to a human broker is preferred.

Regulatory and Compliance Considerations (2026)

Sending money to China involves navigating two distinct regulatory environments. In 2026, compliance remains strict to prevent money laundering and capital flight.

• Australia (ASIC & AUSTRAC): All legitimate remittance providers must be registered with the Australian Securities and Investments Commission (ASIC) and report transactions over $10,000 AUD to AUSTRAC. Ensure your provider holds an Australian Financial Services License (AFSL).
• China (SAFE): The State Administration of Foreign Exchange (SAFE) enforces an annual limit of $50,000 USD (or equivalent) for Chinese citizens exchanging foreign currency into CNY. Transfers sent via apps like Panda Remit or Wise to Alipay/WeChat often count toward this quota.

Hidden Costs to Watch in 2026

Beyond the headline exchange rate, users must be aware of "landing fees." When sending to a Chinese bank account via SWIFT (traditional banking), the receiving bank or an intermediary bank may deduct a fee (often $15-$25 AUD) before the money arrives. Fintech providers utilizing local payout networks (CNAPS) generally avoid these unexpected deductions.

When Panda Remit is a Strong Choice

Panda Remit is often cited for its competitive edge in Asian corridors. For example, in the JPY to CNY corridor, Panda Remit has demonstrated high transparency and speed, a model they replicate for the AUD to CNY route.

The service is particularly distinct because of its official partnerships with Alipay, WeChat Pay, and UnionPay. These partnerships allow for compliant, rapid settlement that traditional banks cannot match. For users sending money for family support or gifts, the ability to deposit directly into a Weixin wallet is a significant logistical advantage.

Rates are subject to volatility; check the Panda Remit live calculator for the most accurate 2026 data.

FAQs: Sending Money to China

Is it safe to send 1,000,000 JPY or equivalent AUD to China via Panda Remit?

Yes, provided the service is regulated in the sending country. In Australia, Panda Remit operates under ASIC regulations. However, for very large sums (e.g., equivalent to 1 million JPY or high-value AUD transfers), users must ensure the recipient has not exceeded their annual $50,000 USD foreign exchange quota set by Chinese regulations.

How do I send money to a WeChat account from Australia?

To send to WeChat, you must use a remittance provider that supports Weixin Remittances, such as Panda Remit, Wise, or Remitly. You will need the recipient's name and phone number associated with their WeChat account. The recipient must have enabled the "Weixin Remittances" function within the app to receive funds.

What is the cheapest way to send money to China from Australia in 2026?

Generally, specialized online remittance providers like Panda Remit offer lower fees and better exchange rates than the "Big 4" Australian banks. Banks often charge high SWIFT fees and add a markup of 3-5% on the exchange rate, whereas fintechs typically charge under 1.5%.

Does the Australian government track money sent to China?

Yes. AUSTRAC monitors financial transactions to prevent crime. International funds transfers instructions (IFTIs) are reported by banks and remittance providers. This is a standard compliance procedure for all regulated services.

Can I send money to a Chinese business account?

Most consumer remittance apps (like Panda Remit or Wise personal accounts) are designed for Person-to-Person (P2P) transfers. Sending to a business (B2B) usually requires a dedicated business account or a service like OFX or a traditional bank wire to ensure proper invoicing and customs compliance.