Question 1

What's the best way to transfer money from China to Italy?

Accepted Answer

With the global remittance market booming, there are so many choices for Chinese Yuan to EUR money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Italy from China. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final EUR amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.

Question 2

How to get the best exchange rate for sending money from China to Italy?

Accepted Answer

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Italy.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your China to Italy transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your CNY to Euro money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.

Question 3

What's the cheapest way to send money from China to Italy?

Accepted Answer

The final amount your recipient gets when you send CNY to EUR is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from China to Italy used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Euro is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Chinese Yuan to Italy exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.

Question 4

Should I use my bank to transfer money from China to Italy?

Accepted Answer

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low CNY to EUR exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on China to Italy money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Italy from China. They do this by letting you fund your transaction through your local bank account in China, and by allowing you to choose the payout to be your recipient's bank account in Italy. But, you are likely to get much better rates and lower fees compared to your bank.

Question 5

What is the fastest way to do a money transfer to Italy from China?

Accepted Answer

The first thing to do when you need to convert CNY to EUR quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Chinese Yuan and Euro. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end China to Italy remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Italy.

Question 6

Which are the best money transfer companies to send money to Italy from China?

Accepted Answer

Comparing money transfer companies for sending money to Italy from China can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Italy. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Chinese Yuan to Euro transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Euro yield on every Chinese Yuan that you send.

Question 7

Step by step guide to transfer money to Italy from China

Accepted Answer

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from China to Italy, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from China to Italy that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
Provide information about the receiver - name, address and a bank account in Italy where they can receive monies in Euro.
Then, provide details of your China bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
Finally, select the amount you want to transfer, and click Send.
The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your CNY travel to another part of the globe.

1 CNY	0.13 EUR
5 CNY	0.63 EUR
10 CNY	1.25 EUR
25 CNY	3.13 EUR
50 CNY	6.25 EUR
100 CNY	12.51 EUR
150 CNY	18.76 EUR
200 CNY	25.02 EUR
250 CNY	31.28 EUR
300 CNY	37.53 EUR
400 CNY	50.04 EUR
500 CNY	62.55 EUR
600 CNY	75.06 EUR
700 CNY	87.57 EUR
800 CNY	100.08 EUR
1000 CNY	125.10 EUR
1500 CNY	187.65 EUR
2000 CNY	250.20 EUR
2500 CNY	312.75 EUR
3000 CNY	375.30 EUR
4000 CNY	500.40 EUR
5000 CNY	625.50 EUR
10000 CNY	1,251.00 EUR
15000 CNY	1,876.50 EUR
20000 CNY	2,502.00 EUR
30000 CNY	3,753.00 EUR
40000 CNY	5,004.00 EUR
50000 CNY	6,255.00 EUR
100000 CNY	12,510.00 EUR

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