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

China Development Bank, China

China Development Bank Limited is a development bank in the People's Republic of China (PRC) that is led by a cabinet minister at the Governor level and is directly under the State Council's supervision. It is one of China's three policy banks, and its job is to raise funding for large-scale infrastructure projects like the Three Gorges Dam and Shanghai Pudong International Airport. The Policy Banks Law of 1994 established the bank as the engine that drives the national government's economic development policies.

Under the proposed People's Republic of China capital adequacy guidelines, debts issued by the China Development Bank are owned by local banks and treated as risk-free assets (i.e. the same treatment as PRC government bonds). After the Ministry of Finance, the bank is China's second-largest bond issuer. It is the country's largest foreign-currency lender, holding nearly a quarter of the country's yuan bonds in 2009.

Pay with

Estimated delivery time

How to Send Money to China Development Bank in China

In only five simple actions, you can transfer money to China Development Bank accounts in China:

  • Registration with RemitBee is completely free. The RemitBee Wallet is also safe and simple to use.

  • Fill in your full name, mailing address, and occupation to complete your profile. Make sure your contact information is up to date, including your phone number and email address.

  • Enter the contact information for the recipient, such as their name and phone number. You will also be asked for the recipient's swift code and bank account number.

  • Consider the CAD/CNY exchange rate. If everything seems good, type in the amount you wish to send and choose a payment option. Complete your transaction after that. Although exchange rates change often, the amounts established for each payment method stay consistent.

  • When the cash transfer is complete, your email address will be used to notify you. The RemitBee app keeps you up to date on the status of your money transfer.

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

There are many benefits to sending directly to China Development 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

You'll need the following information to send a transfer with RemitBee:

  • Name of the person receiving the transfer as it appears on their bank statement

  • Mobile phone number and home address of the recipient

  • Swift code for China Development Bank (SDBCCNBJXXX) and the Cnaps code of the receiving branch

  • The recipient’s account number

How Remitbee calculates the CAD to CNY Exchange Rate
Any fees associated with the transaction are displayed and can be viewed before sending money to China. Based on daily market prices, we provide some of the most competitive exchange rates available. The low fees vary depending on the method of payment. In contrast, the RemitBee Wallet is a completely free funding option.
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.
20_referral_bonus_b4429c2727
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 Development Bank NEFT charges
Yes! You can earn up to $50 for every three successful recommendations.

Download Remitbee Mobile App

Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.
App store iconPlay store icon