Unicorn Currencies
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🇨🇦→🇨🇳

Send Money from Canada to China

Businesses in Canada paying China suppliers for Textile Manufacturing. Send CAD from Canada, receive CNY in China with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local CAD collection + local CNY delivery = no correspondent bank fees

Save £2,525 per £100k Payment

Canada to China corridor savings

Traditional Bank
£3,030
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Local CAD collection
  • ✓ Transparent 0.5% spread
  • ✓ Alipay
Your Savings
83%
£2,525 per £100k
At £300k-£3M monthly, save £6,319/year

Sending from Canada: What You Need to Know

CAD Origin Specifics

  • CAD commodity currency (tracks oil/resources)
  • Interac e-Transfer for fast payments
  • FINTRAC oversight

Your Local Advantages

  • Local CAD account available
  • EFT (Electronic Funds Transfer) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.

Paying Suppliers in China: Compliance & Requirements

Regulatory Considerations

  • SAFE (State Administration of Foreign Exchange) compliance required
  • Commercial invoices must match payment purpose
  • Dual-currency accounting may be needed for large volumes
  • Capital controls apply to CNY flows

Payment Best Practices

  • Avoid SWIFT fees (3-4%) by using local rails like UnionPay or CIPS
  • Schedule payments before Chinese holidays (CNY week shuts down)
  • Use freight forwarder as commercial invoice reference
  • Lock FX rates before placing large orders to protect margins
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via Alipay

Canada → China Corridor Insights

Popular Industries

  • Textile Manufacturing
  • Electronics
  • Consumer Goods

Peak Trading Hours

EST/PST (GMT-5/-8) to CST (GMT+8) time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send CAD from Canada to China?

Save 83% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.

Open AccountView China Details

Bank of Canada registered PSP | FINTRAC licensed MSB