🏴→🇨🇳
Send Money from Scotland to China
Scottish businesses and exporters paying China suppliers. Send GBP from Scotland, receive CNY in China with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local GBP collection + local CNY delivery = no correspondent bank fees
Save £2,525 per £100k Payment
Scotland 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 GBP collection
- ✓ Transparent 0.5% spread
- ✓ Alipay
Your Savings
83%
£2,525 per £100k
At £300k-£3M monthly, save £6,319/year
Sending from Scotland: What You Need to Know
GBP Origin Specifics
- Scotland uses GBP currency
- Post-Brexit customs documentation
- FCA regulated payment services
Your Local Advantages
- Local GBP account available
- Faster Payments instant collection
- No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.
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
Scotland → China Corridor Insights
Popular Industries
- Textile Manufacturing
- Electronics
- Consumer Goods
Peak Trading Hours
01:00-09:00 GMT (Asia business hours)
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 GBP from Scotland to China?
Save 83% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB