Transfer Money to Hong Kong

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About Money Transfers to Hong Kong

Our mission is to help provide you with the best exchange rates and best deals when transferring money to Hong Kong (HKD). Our message is equally clear: dont let the bank cash in with high markups and inflated commission. MyCurrencyTransfer lists in a live marketplace the worlds leading FCA regulated foreign exchange companies who can help you make a cheap money transfer to Hong Kong at a fraction of the cost of using a high street bank.

Whether you are buying an overseas property in the Peaks or importing goods, dont settle for the first deal you stumble across. When making large HKD money transfer, it pays to shop around. This way, youll avoid the sneaky bank charges & fees for the privilege of sending money abroad. With high street banks, you can likely encounter margins of up to 5% away from the "real exchange rate" and fees of up to £40 per payment.

Last updated: May 08, 2014 Our methodology

Quick Facts: Hong Kong

Key information for sending money to Hong Kong

Transfer Speed
1 working day
Local Currency
HKD
Income Tax Rate
0-15%
Avg. Property Price/m²
132,596.66 HKD
Avg. Monthly Rent (3 bed)
36,606.06 HKD
IBAN Required
No

Money Saving Tips for Hong Kong

Expert advice for your international transfer

Real estate agents fees are generally around 1-2% of the property value and can be split equally between the seller and the buyer.

The standard of medical care is high in Hong Kong. Most expats have private health insurance which is part of their employment benefits.

Leases in Hong Kong are typically for a fairly short term, 2 years in the case of residential and three to nine years in the case of commercial properties.

Expats can obtain a Hong Kong drivers licence without a test providing they have a valid licence from their country of origin.

What You Need to Send Money to Hong Kong

Checklist of recipient bank details required

Routing Number e.g.
Bank routing number
SWIFT/BIC Code e.g. BANKHKXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Hong Kong

Bank of East Asia Chong Hing Bank Dah Sing Bank Hang Seng Bank Shanghai Commercial Bank Chiyu Banking Corporation

"When sending money to Hong Kong, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Hong Kong

What is the cheapest way to send money to Hong Kong?

The cheapest way to send money to Hong Kong depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Hong Kong?

Most transfers to Hong Kong are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Hong Kong?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Hong Kong?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Hong Kong

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.