Transfer Money Out of China

Transfer Money From China:
Cross Border Service

NewbridgeFX provides an established cross border RMB/CNY service allowing clients to transfer money out of mainland China in a reliable, safe and secure manner. We have partnered with a local licensed and regulated Foreign Exchange provider in order to legally convert RMB in to various global currencies, and settle the funds in to your beneficiary account around the world.

Transfer Money Out of China

Process: 
How It Works

Speak to a specialist at NewbridgeFX to discuss transferring money out of China.

Pre-trading

Onboarding – Clients are required to provide Know Your Customer details (KYC) and sign a Client Service Agreement (CSA) which contains the process and transactional information. Our standard KYC pack can be shared on request.

Trading

Trading groups will be established between all parties. The amount, currencies and destination account to be confirmed by the client. On the morning of the agreed trading day, the foreign exchange rate is provided and agreed. The client transfers RMB/CNY to our receiving accounts before 11am. The client provides transfer receipts which are acknowledged by the trading team.

Settlement

On receipt of funds, settlement is then initiated to the clients account according to the agreed channel. The client will have their funds available in USD on the same day. This can be settled locally or globally (in USD or other currencies) immediately thereafter, typically the same day. All aspects of this process are agreed in our CSA.

Register an account
Transfer Money Out of China
Transfer Money Out of China
Transfer Money Out of China

FAQ:
Transfer Money From China

Answer

There is a minimum limit of USD 100,000, although this is negotiable. The maximum limit for Business is RMB 60m and for Personal is RMB 5m.

Answer

Full client details as part of the onboarding process including name, address, date of birth along with documentation to support this. We also require the amount, currencies and destination account to complete the transaction.

Answer

NewbridgeFX does not charge any fees to transfer money out of China.

Answer

Yes, this is a licensed service managed by a Type 9 Asset Management Company in Hong Kong. We will issue legally binding liquidity agreements linking the full transaction from local receiving accounts that collect the Asian currency to the final FX currency and settlement destination. Settlements are through Regulated and Licensed Payment Institutions in Hong Kong, United Kingdom, Singapore, and Australia.

Products:
Manage Risk

NewbridgeFX offers a specialist service in the deliverable foreign exchange market, promoting a range of products and services, available online or over the phone. Our products have been designed to meet the needs of our clients. A lot of these products are ways for businesses, and individuals, to manage and mitigate currency risk, and are used frequently during times of increased volatility. Alongside up to date foreign exchange related market news, which works in tandem with our range of products. 

Spot Contract

Lock in an exchange rate for immediate onward settlement. Funds can be received the same day.

Forward Contract

Lock in an exchange rate today, but for settlement at a later date that suits you, up to 12 months in the future.

Market Order

We monitor the markets real time and take action to trade between currencies when your desired rate is achieved.

Rate Alerts

Set an alert for phone or email notification when an exchange rate has be achieved to take advantage at the best time.

NewbridgeFX