Seize new opportunities in the Chinese market
Fast, secure, and cost-efficient Chinese Yuan Renminbi (CNY) transfers to your suppliers with YouBiz
Why choose YouBiz for your transfers? 
Preferred rates and fees, always
Save big with competitive
FX rates and low, transparent transfer fees every time you send with YouBiz.
Swift and secure transfers, hassle-free
Get your suppliers paid in as little as 1-2 business days. Subject to the beneficiary’s bank processing timeline and regulatory checks.
Dedicated account support, whenever
Get support whenever the business calls for it. Simply give us
a call or drop us an email at youbiz.help@you.co
Save with the best rates on YouBiz
Save close to S$100 in one transaction when you transfer CNY to China with YouBiz compared to traditional corporate accounts!
*Exchange rates and fees are obtained directly from individual platforms as of 31 Jul 2024. Mid-market exchange rate observed on the same day was 1 SGD = 5.40 CNY. Fees are inclusive of charges such as transfer fees, cable charges, and other correspondent bank charges.
How to make a CNY transfer?
Your funds and transfers are safe with YouBiz
Compliance Assured
We are licensed in Singapore as a Major Payment Institution, regulated by the Monetary Authority of Singapore (MAS).
Data Security
We are level 1 certified for
PCI DSS (Payment Card Industry
Data Security Standard).
Funds Segregation
Your funds are protected and deposited into a dedicated customer-segregated account held by us with DBS Bank Ltd.
FAQ
- Recipient name
- Recipient address* (note: ensure that the recipient address matches their registered address with their bank)
- City
- Postal code
- Account type (note: CNY remittance is only available for corporate recipient accounts)
- Bank Name
- SWIFT Code
YouBiz users can choose the currency from the following list when initiating a transfer to China:
- Chinese Yuan Renminbi (CNY)
- Singapore Dollar (SGD)
- US Dollar (USD)
- Euro (EUR)
- British Pound (GBP)
- Japanese Yen (JPY)
- Hong Kong Dollar (HKD)
- Australian Dollar (AUD)
- Swiss Franc (CHF)
- Thai Baht (THB)
After initiating the funds, it should reach your recipient in 1-2 working days, subject to the beneficiary bank’s processing and any additional queries due to local regulations.
A product of
If you have any further queries, please reach out to us at youbiz.help@you.co for assistance.
Best-in-market offerings at S$0/month
More savings with each transaction
Enjoy unlimited 1% cashback on all card spend, with no min. spend
Multi-currency accounts & cards
Widest suite of account & card currencies including
JPY, GBP and THB
Budget management made effortless
Stay on top of all business expenses with real-time notifications and tracking
Maximise your spending power
The best exchange rates and 0% FX fees for all foreign currency payments
What is YouBiz?
CarouBiz is a subscription plan designed to enhance sellers’ success on Carousell by providing a comprehensive suite of seller tools benefits and store management tools.
CarouBiz empowers sellers to personalise their storefronts, streamline store operations, and enhance sales!
Redeem the offer in 3 easy steps
Sign up for free
Open a YouBiz account here using the promo code YBCAROU.
Top-up and spend
A virtual YouBiz card will be automatically created for you once your account is approved.
Top-up your account and subscribe to CarouBiz via the desktop app.
Get rewarded
Receive unlimited 1% cashback and upsized 10% cashback (capped at S$150) by the end of the following month.
Withdraw and spend the money anytime!
Terms & Conditions
- To participate in the cashback promotion, users must sign up for a new YouBiz account with the promo code ‘YBLLM10’ between 1 June 2024 to 31 December 2024 (“Campaign Period”). Both existing and new Lalamove users are eligible for the cashback promotion.
- Eligible Participants are entitled to receive an additional 10% cashback, capped at S$150 (“Rewards”), on their Lalamove top-ups during the Eligible Spending Period.
- The Rewards are in addition to the unlimited 1% cashback on all card payment transactions made using YouBiz cards.
- YouBiz may vary these Terms & Conditions, suspend and/or terminate the Campaign without any notice or liability to any party.
- Click here to see the credit period and additional terms and conditions.
We're partnering with Carousell to help supercharge your digital business!
Digitalising your business doesn’t have to be daunting!
With Carousell, you can easily set up your e-commerce to reach a larger audience with minimal effort.
From 1 November to 31 December 2023, enjoy up to 11% upsized cashback* and 20% rebates* on your CarouBiz subscriptions when you pay with a YouBiz card.
*Terms and conditions apply. See full promotional terms here.
Exclusive perks for new users
20% rebate in Carousell coins on your first month CarouBiz subscription.
Up to 11% upsized cashback on your CarouBiz subscription or Carousell coin purchases.
What is CarouBiz?
CarouBix is a subscription plan designed to enhance sellers’ success on Carousell by providing a comprehensive suite of seller tools benefits and store management tools. CarouBiz empowers sellers to personalise their storefronts, streamline store operations, and enhance sales!
Redeem the offer in 3 easy steps
Sign up for free
Top-up and spend
A virtual YouBiz card will be automatically created for you once your account is approved.
Top-up your account and subscribe to CarouBiz via the desktop app.
Get rewarded
Receive unlimited 1% cashback and upsized 10% cashback (capped at S$150) by the end of the following month.
Withdraw and spend the money anytime!
YouBiz: The best fee-less multi-currency corporate account
✔️ Unlimited 1% Cashback
on all card spend
with no cap
✔️ Real 0% FX Fees
on all payments
in over 150 currencies
✔️ Multi-currency Account
to manage expenses in up to 9 currencies
Terms & Conditions
YouBiz promotion:
- To participate in 11% cashback promotion, users must sign up for a new YouBiz account with the promo code ‘YBCAROU’ and subscribe to CarouBiz via desktop web with a YouBiz card between 1 November 2023 to 31 December 2023 (“Campaign Period”).
- Click here to see the Eligible Spending and Cashback Credit period
- Eligible Participants are entitled to receive an additional 10% cashback, capped at S$150 (“Rewards”), on their purchases of CarouBiz subscriptions and Carousell coins during the Eligible Spending Period.
- The Rewards are in addition to the unlimited 1% cashback on all card payment transactions made using YouBiz cards.
- YouBiz may vary these Terms & Conditions, suspend and/or terminate the Campaign without any notice or liability to any party.
- Click here to learn more about the promotion.
Carousell promotion:
- 20% Carousell Coins rebate promotion is only applicable to users who satisfy the following requirements (“Rebate Coins”):
- have a Carousell account in Singapore;
- first-time subscribers who subscribe to CarouBiz during the period of 1 November 2023 to 31 December 2023 (“Campaign Period”) via the desktop web located at <https://www.carousell.sg/manage-caroubiz/> (the “Purchase”); and
- have ‘LIKE’ this listing during the Campaign Period.
- The 20% rebate will be applicable to the fees of the first month’s subscription of the Purchase.
- Eligible subscribers will receive the Rebate Coins within 14 days from the date of purchase and Coins will be valid for 30 days.
- Carousell may vary these Terms & Conditions, suspend and/or terminate the Campaign without any notice or liability to any party.
- Click here to learn more about the promotion.