What is the best way to send money from China to the US?

If you’re interested in teaching in China, then you already know that it can be quite lucrative.  To send any of that money home to pay bills, student loans, or to contribute to a savings account, it’s best to your hard-earned Yuan to a foreign account before you leave. Fortunately, the growing number of apps and online services, it’s easier than you might think to send money home from China. 
transfer money from China to the Us
Ali-Pay
 
Alipay is one of the most popular online payment platforms in China and in addition to its many financial services, you can also transfer CNY to USD. Alipay uses Citibank as the intermediary to transfer your money to your US bank account. The transaction fee is 50 CNY per transaction charged by Alipay and 8 USD charged by Citi bank.
 
It has transaction limit 18,000 CNY per transaction and only two transactions allowed per day. It also does not provide an accurate wait time. But normally the process should take 1-2 business days.
One should also use a Chinese credit/debit card for this transaction. Your school will help you to get a Chinese debit card, and it will most likely will be your salary account in China. 
transfer money from China to the US paypal
PayPal is an online company that offers customers the option to transfer fund to different PayPal accounts.  Subsequently when the receiver gets the funds on their PayPal account they will need to transfer it to their Chinese Bank.  Other information about fees and transfer times can be found here.
 
As long as you have your American bank linked and setup beforehand, you can get the money from your Chinese to American account in about 48 hours. Fees are a bit high, but it’s the most simple method: you can do it from your phone with two clicks!
West Union 
 
The most popular remittance intermediary is Western Union, which also has high fees. It charges $5 for a money transfer of up to $50, $20 fee for $500 -$1000, and a transfer of $10,000 could cost around $30.  
 
Normally, its exchange rate will be better than traditional banks. However, the waiting time is 4-7 business days for each transaction and the money needs to be picked up at a branch location, which is usually not very convenient. Therefore, using Western Union is especially not recommended for people who cannot conveniently access a branch location.
To Sum Up
 
Though by no means an exhaustive list, these methods have been used by several of our teachers over the years and provide a good variety of ways to send money home from China. When it comes to deciding which is best, we recommend considering how much you wish to transfer, the fee you’ll incur and whether you wish to do it independently.
 
Whichever you choose, be sure to provide your name as is on your ID and double check your bank IBAN and SWIFT codes. If using an online method, do so only on a private WIFI network for safety purposes!