The legal framework, financial restrictions, and tedious paperwork traditional banks require to complete transactions from Egypt to China can be frustrating. Sending money internationally has become significantly easier with the rise of digital financial services. Whether you’re paying for goods, supporting family, or handling business transactions, transferring money from Egypt to China online can be efficient and secure with the right platforms and proper procedures.

This guide outlines how to send money from Egypt to China online, including the best options, steps involved, and important considerations.

Read also: Fastest way to receive USD freelance payments in China

Things to consider before sending money from Egypt to China

Before you initiate a transaction to China from Egypt, here are some factors to look into to avoid roadblocks, delayed transactions, high fees, or even getting flagged by the authorities.

1. Understand the legal framework

It is crucial to understand the financial regulations in both Egypt and China. Egypt imposes certain restrictions on foreign exchange and international transfers, especially for large amounts. Banks usually require proof of transaction purposes, such as invoices or personal remittance declarations. Ensure your transaction complies with both countries’ anti-money laundering (AML) and foreign exchange policies.

2. Choose a reliable transfer method

Several online platforms and methods are available to transfer money from Egypt to China. The right one depends on speed, cost, convenience, and recipient preferences.

a. Bank transfers (via SWIFT)

Many Egyptian banks (like National Bank of Egypt, Banque Misr, or Commercial International Bank) offer international wire transfers using the SWIFT system. To use this method:

• Visit your bank’s online banking platform or mobile app.
• Provide the Chinese recipient’s bank name, SWIFT/BIC code, branch address, and account number.
• State the purpose of the transfer and upload any supporting documents if required.

This method is secure and traceable. However, it comes with high fees and slower processing times. It may take 3–5 business days.

Read also: How to get paid in USD as a freelancer in Egypt

b. Money transfer services

Services like Western Union and MoneyGram are available in Egypt and support sending funds to China. Although not all agents support online transfers, many now offer digital channels:

• Register online or through their mobile app.
• Link your Egyptian debit card or bank account.
• Choose the recipient’s country and enter payment details.
• Funds can be received in cash or transferred to a bank account in China.

These methods typically have faster delivery, sometimes instant. They are also widely available across cities. Unfortunately, the exchange rate margins and service fees may sometimes be excessive.

c. Online platforms and fintech apps

Some global fintech services work across both Egypt and China, although availability might vary. The most reliable options include:

• Grey

This growing fintech solution allows users in Egypt to open virtual USD, GBP, and EUR accounts. You can receive international payments in these currencies and convert them to EGP at competitive rates. Users can also fund their multi-currency account by converting EGP from their local banks at a competitive rate. Grey allows you to send USD, GBP, and EUR swiftly to recipients in China who can then convert to Chinese Yuan (CNY).

• PayPal:

PayPal is available in both China and Egypt. It remains one of the most popular means of international payments. Despite some restrictions on features in Egypt, it gets the job done. You can send money to a recipient’s PayPal account in China, which they can link to their bank.

• Wise

Wise is popular for its low-cost, transparent fees and competitive exchange rates. However, Wise may not directly support transfers from Egyptian pounds (EGP). You may need to convert funds to USD or EUR first.

3. Considerations and tips

• Check currency conversion policies: Not all Egyptian banks or services allow direct EGP to CNY transfers. You may need to convert to USD first.
• Avoid unofficial channels: While some people use informal methods (like agents or cryptocurrency), these can be risky and illegal.
• Keep documentation: Always retain receipts, screenshots, and transaction confirmations for record-keeping and dispute resolution.
• Confirm recipient readiness: Ensure the recipient’s bank or platform in China can receive international transfers in the specified format.

Send money from Egypt to China with Grey

Grey is a reliable global payment solution. Following these quick steps, you can set up a Grey account within minutes and send money to China.

1. Create a Grey account

• Visit Grey’s website or download the mobile app and sign up.

• Verify your identity with a valid ID (such as a passport or national ID), proof of address (statement of account, utility bill), and a selfie.

• Once approved, you can get your virtual accounts in USD, GBP, and EUR.

2. Fund your Grey account

• Transfer Egyptian pounds (EGP) to Grey via supported local payment channels.
• Convert EGP into USD, GBP, or EUR

3. Initiate transfer

While Grey does not support direct CNY transfers to China, you can send money in USD, GBP, or EUR if the recipient has a foreign currency account. They can then convert to CNY and withdraw it into their local account if needed. If the recipient has a Grey account, it even gets easier. Grey to Grey transactions are swift and free.

Managing international transactions with Grey

Sending money online from Egypt to China is achievable with the right tools and awareness of regulations. While traditional bank transfers remain an option, modern fintech platforms often provide faster and more cost-effective alternatives. Before choosing a service, compare fees, exchange rates, and delivery speeds to find the most suitable method.

With Grey, you have a reliable, versatile, and affordable global payment solution that offers competitive currency conversion rates.

Sign up today to enjoy seamless international transfers from Egypt to China.

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