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How can I transfer money from Hong Kong to UK?
How to transfer money from Hong Kong to the UK (in 4 steps)
- Step 1: Identity check. All new customers need a quick ID check.
- Step 2: Secure a HKD/GBP rate. To send money to the UK, you need to convert your Hong Kong Dollars (HKD) to Pound Sterling (GBP) rate.
- Step 3: Send your funds.
- Step 4: Your money is sent to the UK.
Is Transferwise cheaper than HSBC?
Key Takeaways: Wise is better simply because they charge the mid-market rate. Wise’s fee is a percentage of the total amount, so the more you send, the higher the fee. However, the exchange rate is so much worse with HSBC, that even when the Wise fee is higher, you still get a better deal with them than HSBC.
Does HSBC accept Transferwise?
HSBC is taking on the likes of Transferwise and Revolut with the launch of Global Money Account, a free mobile-based service that customers can use to hold, manage and send funds in various currencies to HSBC customers in over 20 markets around the clock in real-time without incurring any fees.
How long does a bank transfer take HSBC?
HSBC uses the Faster Payments system, which means that your transfer should be sent instantly and received by the recipient within 2 hours³. However, it depends on whether your recipient’s bank also uses Faster Payments. Payments to accounts outside the EEA – up to 4 working days.
How do I use TransferWise Hong Kong?
How to transfer money to Hong Kong online?
- Register for free. Sign up online or in our app for free.
- Choose an amount to send. Tell us how much you want to send.
- Add recipient’s bank details. Fill in the details of your recipient’s bank account.
- Verify your identity.
- Pay for your transfer.
- That’s it.
How safe is TransferWise?
Yes it is. It is very safe to use to send and receive money from overseas. Wise (formerly known as TransferWise)is a money transfer service send and receive money from millions of customers worldwide. They offer close to the mid market exchange rate with a transparent fee structure.
What is the most secure way to send money?
Bank Wire Transfer. This is the most secure way to send money. You can have your bank transfer money directly into someone else’s bank account, even if that person uses a different bank. The cost: It varies among banks but is generally within the $10-$30 range for wire transfers in the US.
What type of money do they use in Hong Kong?
The Hong Kong dollar (Chinese: 港幣; Cantonese Yale : Góng bàih; sign: HK$; code: HKD) is the official currency of Hong Kong. It is subdivided into 100 cents. The Hong Kong Monetary Authority is the governmental currency board and also the de facto central bank for Hong Kong and the Hong Kong dollar.
What are the best ways to send money?
Venmo: Best rated for mobile.
How long to spend in Hong Kong?
When you are planning a trip to Hong Kong, do not make it too lengthy (2 – 3 weeks) or too short like (3 – 4 days). The realistic time span to spend and enjoy in Hong Kong is about one week. It will be ideal for you to spend a lot of time discovering some of the beautiful and varied culture in Hong Kong.