Send money from Canada to a China Citic Bank account in China

China Citic Bank, China

China Citic Bank Limited is China’s seventh biggest bank. It was known as CITIC Industrial Bank until it changed its name in August 2005. Founded in 1987, it is a commercial bank that focuses on both the country and the world. In total, the bank does business in more than 130 countries. It has a strong presence in the mainland banking business. On the mainland, there are 78 branches of the bank and 622 sub-branches, which are mostly in economically rich areas of China.

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How to Send Money to China Citic Bank in China

In order to transfer money to your China CITIC Bank account, you just need to follow these five steps:

  • Join RemitBee by signing up for your free account. It comes with the RemitBee Wallet, which is a safe and easy-to-use digital wallet.

  • To finish your profile, enter your full name, mailing address, and job title. Check to make sure that your phone number and email address are up to date.

  • Enter the recipient’s name, phone number, and home address. You will also be asked for the recipient’s swift code and bank account number.

  • Look at the CAD/CNY exchange rate. Then, enter the amount you want to send and choose a payment method. Following that, finish your transaction. Currency conversion rates change all the time, but the amounts for each payment method stay the same.

  • When the cash transfer is done, your email address will be used to let you know. Keep up with your money transfer with the RemitBee app. It shows you how your money is moving.

What are the benefits of sending directly to China Citic Bank?

There are many benefits to sending directly to China Citic Bank with Remitbee. Here’s a quick overview:

  • It’s more secure than doing in offline
  • It’s faster
  • You can do it from the comfort of your home
  • You can access your money as soon as the transfer goes through
What information you’ll need to complete the transfer

Here is the information that you’ll need to complete the transfer through Remitbee. There are two separate delivery methods that have different requirements:

  • Wire transfer to bank account

  • Recipient’s name – Make sure you have the name on the account you are transferring exactly as it appears on bank statements. This will prevent delays in your transfer.
  • Address – We need the address of the branch you are sending the money to so we get it to the recipient’s city.
  • Bank name – This is the name of the bank in China that you are sending money to.
  • Account Number – This ensures it gets to your recipient’s account.

Cash Pickup

  • Name – Again, make sure you have the full name of the person that will be picking up the money.
  • Phone number – Enter the number of the recipient.
  • Pickup Location – We need the name of the bank or other financial institution where the recipient will be picking up the money.
How Remitbee calculates the CAD to CNY Exchange Rate
We try to keep our fees as low as possible and assess rates daily to bring you the most competitive China Rupee exchange rates on the market. There are small fees when you choose to use bill, Interact or debit card payment methods, but you can also use the Remitbee Wallet without paying fees at any time. We are upfront about any fees, and you can see them in the application before you send money to China.
How international money transfers work
One of the banks will figure out the CAD to CNY conversion rate. Then, funds will be moved between accounts on the SWIFT network.

Send money to all major China Banks

Check our refer and earn program!

Get $20 for every successful referral while the referred person gets $10 towards their first transaction. Use your unique referral code to invite your friends and register with it. Once they send their first transfer of at least C$200 or exchange at least C$1,000, you’ll get C$20 credited to your RemitBee account. There is no limit on the number of referrals you can make so the earning potential is endless! So, keep referring and earning with RemitBee.
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Frequently Asked Questions
Yes, you can.
You can choose to pay using Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.
The transfers typically take between 1 and 2 days, but some transfers happen instantly.
If you verify your identity on our platform, you can send up to 9,000 CAD per day, with a maximum of 50,000 CAD per month.

Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees:

  • Interac Online - $2.99
  • E-transfer - Free
  • Bill Payment - Free
  • Electronic funds Transfer - Free
  • Visa or Mastercard Debit - $2.99+
  • China Citic Bank NEFT charges
Yes! You can earn up to $50 for every three successful recommendations.

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