Send Money from Thailand to China
Thailand-based businesses buying from Chinese factories and trading houses carry most of this route, alongside freelancers and consultants in Bangkok who pay Chinese developers, agents and fabricators out of dollar income. What reaches the other end is yuan posted to a mainland bank account at ICBC, Bank of China, China Construction Bank, Agricultural Bank of China or a regional lender. Everything is sent from US dollars already held in Grey.
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From a Grey dollar balance in Thailand to yuan in a Chinese account
Commercial payments dominate this corridor. Importers and trading companies in Bangkok settling factory invoices, agencies paying Chinese designers and engineers, sourcing agents who take a commission at the end of every shipment, and individuals in Thailand supporting a family member studying in Shanghai or Guangzhou.
The money starts as US dollars, not as local currency. Your Grey USD account is provided by Lead Bank and carries US routing and account numbers, so a buyer, an employer or a marketplace abroad can pay directly into it. Yuan is bought from that dollar balance when you confirm the transfer, and the rate and fee appear before that moment.
The Chinese leg pays into an ordinary bank account. ICBC, Bank of China, China Construction Bank and Agricultural Bank of China all receive, as do smaller regional lenders across the mainland, and the transfer is identified by the bank, the branch and the account number. The beneficiary name must match the record the Chinese bank holds, which is the single detail that most often stalls a payment on this route.
How to send money to China from Thailand
Sign up
Download Grey, create an account on your phone and verify yourself with a passport or another accepted photo identity document. Grey Inc is registered with FinCEN, registered address 651 N Broad St, Suite 206, Middletown, DE 19709, United States.
Fund
The Grey USD account from Lead Bank carries US routing and account numbers you can hand to a client, an employer or a platform that settles in dollars. Dollars can also be wired in from another bank. Yuan payments come out of that balance and nothing else.
Send
Select China, enter the account number and the bank holding it, and copy the beneficiary name exactly as it appears on the invoice or as your supplier confirms it. The yuan amount, rate and fee are shown, and confirming fixes them.
What it costs to pay a Chinese supplier from Thailand
Every currency transfer carries two charges, and only one of them is printed as a fee. The other is the gap between the rate quoted to you and the rate trading in the market, and it is taken inside the yuan figure where it is easy to miss.
Compare the yuan delivered. Run the same dollar amount through Grey and through Wise, Airwallex or your corporate bank, then read what each undertakes to pay into the Chinese account. That figure already contains the fee and the margin together.
A correspondent bank wire makes this almost impossible to judge in advance. Intermediary banks can deduct as the payment passes through, so a supplier can be left short against an invoice that was agreed to the yuan. Grey states the yuan figure before you confirm and pays it.
Where the same supplier is paid every month, the difference accumulates quietly. A margin charged on each shipment is a running cost of the relationship, not a one-off, and it rarely appears on any document either side keeps.
How the US dollar to yuan rate is set
What you agree at confirmation is what settles. The dollar to yuan rate moves while markets are open, so Grey holds yours from the second you confirm and makes no adjustment afterwards, however the pair trades in between.
There is only one conversion on the way. The balance is already in US dollars, so no earlier currency swap has to be paid for first, and the transfer carries a single rate and a single margin rather than two in sequence.
Holding dollars also gives you a say over timing. A Grey balance stays in dollars until you choose to convert it, which lets a buyer settle an invoice at a rate they have waited for rather than the one that happened to be running on payment day.
Grey against an ordinary bank wire to China
A traditional wire to China runs through correspondent banks, each with its own cut-off times, working days and scope to deduct. Grey pays the yuan into the beneficiary's mainland account directly, so the instruction you give in Bangkok is the instruction that reaches the bank in Shenzhen or Hangzhou.
The difference you notice is in handling rather than in paperwork. The payment is set up in the app, the yuan figure is agreed before it leaves, and the status is visible to you without ringing a relationship manager or hunting for a SWIFT reference to forward to your supplier.
What your recipient in China sees
Yuan posts to the mainland bank account they already use. They do not open a Grey account, download anything or collect the payment from a counter.
Which accounts receive it
ICBC, Bank of China, China Construction Bank and Agricultural Bank of China all take the payout, along with other Chinese banks including smaller regional lenders. Enter the bank, the branch and the account number.
How the credit reaches them
The yuan posts to the account as a local credit. Chinese banks check the beneficiary name against their own record and return payments where it does not match, so take the name from the invoice or ask the supplier to confirm it in writing.
GreyTag
Where your counterpart also holds a Grey account, a GreyTag transfer reaches them immediately and without a fee, whichever currency you send in.
Funding a payment to China
Funding has to happen before any yuan can be bought, because the conversion runs off dollars sitting in Grey. On a corridor built around invoice deadlines, that ordering is worth planning for.
Payments from buyers
Give the Grey USD account details to the customers who pay you in dollars and the balance builds itself between supplier runs.
Dollar wire
Move dollars in by wire from another bank where your company or you personally hold a dollar account.
Existing Grey balance
A balance held in dollars is available to convert at once, with no clearing period before the supplier can be paid.
Buyers who pay the same factories each season tend to keep a dollar float in Grey rather than fund each shipment separately. Production schedules and deposit requests rarely line up with the week a customer settles, and a standing balance means a supplier is paid on the agreed date instead of whenever funds appear.
Who sends money from Thailand to China
Importers and trading companies
Thailand-based buyers settling deposits and balances with factories and trading houses in Guangdong, Zhejiang and Fujian out of dollar receipts.
Agencies and freelancers
Studios and independent consultants in Bangkok paying Chinese developers, illustrators and fabricators for work delivered against a dollar invoice.
Sourcing and logistics agents
Agents in Thailand passing on commissions and handling charges to counterparts on the mainland, usually in several payments at the close of a shipment.
Families and students
Residents of Thailand on dollar income sending maintenance or fees to a relative studying in Shanghai, Beijing or Guangzhou.
This corridor leans commercial. Importers and trading companies in Thailand lead it, followed by agencies and freelancers paying Chinese contractors, sourcing agents settling commissions, and individuals supporting family who are studying or working on the mainland.
The best way to send money from Thailand to China
FAQs
How much does it cost to send money from Thailand to China?
The rate, the fee and the yuan total appear on one screen before you confirm. Compare providers on the yuan delivered.
How does the payment reach my supplier?
The yuan posts directly to their mainland bank account as a local credit. No collection code and no counter visit is involved.
What details do I need to send money to China?
The account number, the bank and branch holding it, and the beneficiary name written exactly as the Chinese bank records it.
Which Chinese banks can Grey pay into?
ICBC, Bank of China, China Construction Bank and Agricultural Bank of China receive payouts, as do smaller regional lenders across the mainland.
Is there a limit on how much I can send?
Limits that apply to your account are displayed in the app before confirmation, so they are clear at the point of sending.
Can I track a payment to China?
Yes. Each transfer carries a status in the Grey app from the moment you confirm it until the yuan settles.
Is Grey safe for paying Chinese suppliers?
Grey Inc holds a FinCEN registration in the United States, payments are encrypted, and each transfer stays visible in the app throughout.
How do I fund a payment from Thailand?
In US dollars: buyer or employer payments into your Grey USD account, a dollar wire from another bank, or an existing Grey balance.
Does my supplier need a Grey account?
No. A Chinese bank account is all they need. They are never asked to register with Grey or install anything.
Will I have a record for my accounts?
Each transfer is recorded in the app and can be reconciled against purchase orders and invoices. Grey does not give tax advice.
What if the beneficiary name is wrong?
Chinese banks reject payments where the name does not match the account record. Confirm the spelling with your supplier before you send.
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