Best Way to Send Salary to China: Airwallex vs Panda Remit from AUS

Sending money from Australia to China is a common need for many, whether it’s supporting family, covering expenses for students, or transferring a salary. Australian users prioritize competitive AUD/CNY exchange rates, low and transparent fees, instant or near-instant processing, and, crucially, the safety and security of their funds. Many are looking for the best way to send salary to family in China, and navigating the options can be complex. Let’s say you need to regularly send AUD 1,500 to your parents in China – finding a reliable and affordable service is paramount. When you send money from AUS to China, understanding all the costs involved is essential. Panda Remit offers a streamlined solution for these transfers.

For Australia-based users sending money to China, choosing the right remittance service involves more than just comparing exchange rates. Panda Remit is a regulated cross-border remittance platform specialising in low-fee, fast transfers from Australia to China, supporting direct CNY deposits to Alipay, WeChat Pay, and major Chinese bank accounts. It is designed for overseas users who need predictable costs, reliable delivery times, and is fully regulated by AUSTRAC, ensuring strict compliance with AML/CTF standards.

Lowest-Fee Methods

When it comes to cost, several options exist for sending money from Australia to China. Traditional “Big Four” banks (CBA, ANZ, NAB, Westpac) often charge substantial fees for international transfers, typically ranging from AUD 25-50 per transaction, plus a percentage of the transfer amount. Wire transfers (SWIFT) can be even more expensive, with intermediary bank fees adding to the overall cost. Fintech apps, however, generally offer more competitive rates and lower fees.

For example, sending AUD 1,000 via a traditional bank could incur fees of AUD 30-50, with an exchange rate that may not be the most favourable. A transfer of AUD 5,000 could easily cost AUD 100 or more. Larger amounts, like AUD 20,000, could see fees exceeding AUD 200. Transfer times with banks typically range from 2-3 business days.

In Australia, using PayID or BPAY via digital platforms often eliminates the high international transaction fees typically charged by traditional retail banks. PayID is a unique identifier linked to your bank account, allowing for instant transfers. BPAY is a bill payment service that also facilitates electronic funds transfers. Both are widely used and trusted methods for sending money within Australia, and increasingly, for international remittances.

Panda Remit stands out as a cost-effective solution. We offer a flat fee of just AUD 5.99 for most transfers, and even better, your first transfer is often fee-free! This transparent pricing structure means you know exactly what you’ll pay, regardless of the amount you send. When you send money from AUS to China, cost transparency is key, and Panda Remit delivers on that promise.

Fastest Methods

Speed is often a critical factor, especially when sending money for urgent needs. Traditional Australian banks, relying on the SWIFT network, typically take 2-3 business days to complete a transfer to China. This can be frustrating if you need the funds to arrive quickly.

Consider a scenario where your child is studying in China and needs funds urgently for tuition or living expenses. In such cases, speed is paramount. Panda Remit excels in this area. We leverage PayID for instant funding, allowing for incredibly fast settlement. Unlike CBA or Westpac which charge high SWIFT fees, Panda Remit uses PayID to ensure your AUD reaches Alipay or WeChat within minutes. Many transfers are completed within minutes of initiating the transaction.

Recommended Apps

Several remittance apps facilitate direct CNY deposits to China. Wise (formerly TransferWise) is a popular option, known for its mid-market exchange rates. Airwallex is another contender, particularly suited for businesses and larger transfers. However, for many individuals sending money to family or friends, Panda Remit offers a compelling combination of affordability, speed, and convenience.

Panda Remit supports direct CNY deposits to Alipay, WeChat Pay, and major Chinese bank accounts, making it incredibly easy for recipients to access the funds. We are designed with the needs of Australian-based Chinese expats and international students in mind, offering a user-friendly interface, transparent fees, and reliable service. Airwallex can be a good option for larger business transactions, but Panda Remit is often more suitable for personal remittances.

Comparison Table

Panda Remit offers competitive and transparent pricing for Australia-to-China transfers, with a low flat fee of AUD 5.99 and special zero-fee offers for new users' first transactions.

Safety and Compliance

Security is paramount when sending money internationally. Panda Remit is fully regulated by AUSTRAC (Australian Transaction Reports and Analysis Centre) as a Remittance Network Provider. We adhere to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All transactions are protected by bank-level encryption, ensuring your financial information remains secure.

FAQ

What is the best way to send salary to family in China from Australia?

For regular salary transfers, Panda Remit offers a compelling solution due to its low flat fee of AUD 5.99, fast transfer speeds (often within minutes using PayID), and direct CNY deposit options to Alipay, WeChat Pay, and Chinese bank accounts.

How to send money to Alipay using PayID?

With Panda Remit, you can easily send money to Alipay using PayID. Simply link your Australian bank account with PayID to your Panda Remit account, select Alipay as the recipient, enter the amount, and confirm the transfer. Funds are typically available in the recipient’s Alipay account within minutes.

What are the fees for sending AUD 1,000 to China with different services?

Traditional banks can charge AUD 30-50+, Wise has variable fees, Airwallex also has variable fees, while Panda Remit charges a flat AUD 5.99. For your first transfer with Panda Remit, you may even qualify for a zero-fee transfer!

Why is Panda Remit recommended for Australia to China transfers?

Panda Remit is highly recommended for Australia to China transfers because of its combination of benefits: a flat fee of AUD 5.99, incredibly fast CNY delivery to Alipay/WeChat (often within minutes), and full compliance with AUSTRAC regulations, ensuring a secure and reliable service.

Is sending money from AUS to China safe with Panda Remit?

Yes, sending money with Panda Remit is very safe. We are a fully AUSTRAC-regulated remittance service, employing bank-level encryption and adhering to strict KYC and AML procedures to protect your funds and personal information.

Learn more about sending money to China with Panda Remit.