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

China Merchant Bank, China

China Merchant Bank Limited is based in Futian District, Shenzhen, Guangdong, China. China Merchants Bank (CMB) It was established in 1987 and is the first commercial bank in China that is owned entirely by corporate legal entities. More than 500 branches of CMB are located in mainland China, plus one in Hong Kong. A New York City branch was approved by the federal government in November 2007 as part of a strategy to expand internationally.

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How to Send Money to China Merchant Bank in China

You only need to follow these five steps to transfer money to a China Merchants Bank account:

  • Sign up for a free RemitBee account. There is a digital wallet included called the RemitBee Wallet that is safe and easy to use.

  • Enter your full name, mailing address, and job title to complete your profile. Verify that your contact information, including phone number and email address, are current.

  • Enter the address and contact information of the person you're sending it to. You’ll also be asked for the recipient's swift code and bank account number.

  • If the CAD/CNY exchange rate is favorable for you, enter the amount you wish to send and then select a payment option and follow the instructions to finish your transaction. Currency exchange rates fluctuate constantly, but the amount for each payment method remain constant.

  • Your email address will be used to notify you after the money has been transferred. Use the RemitBee app to keep track of your money transfer.

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

There are many benefits to sending directly to China Merchant 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

To send a transfer with RemitBee, you'll need the following information:

  • The recipient's name as it appears on their bank statement

  • Mobile phone number and home address of the recipient

  • Swift code for China Merchants Bank (CMBCCNBSXXX) 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
The CAD to CNY conversion rate will be determined by one of the banks, and funds will be transferred between accounts via 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 Merchant Bank NEFT charges
Yes! You can earn up to $50 for every three successful recommendations.

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