How to send money to Hong Kong efficiently

Compare international money transfer providers to find the most affordable and convenient way to send money to Hong Kong.

Canada and Hong Kong share strong commercial and personal links. Around 300,000 Canadians are based in Hong Kong, while hundreds of Canadian companies do business with companies in Hong Kong and the surrounding areas. Furthermore, Hong Kong has a massive tourism industry, with thousands of Canadians heading there every year to dine on the delicious food and explore the unique culture.

This means there are plenty of situations where you might need to send money to Hong Kong from Canada. Before you head straight to your bank, take the time to compare a range of specialist money transfer providers to find the best possible deal.

Compare options for sending money to Hong Kong

Rates last updated July 17th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
TransferWise International Money Transfers
CAD 2.50
1 - 2 days
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
Exclusive: World First International Money Transfers
CAD 250
1 day
Online, Phone
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
TorFX International Money Transfers
USD 150
1 day
Online, Phone, Agent
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.

Send money overseas in 45 currencies.
Exclusive: OFX (Ozforex) International Money Transfers
USD 150
1 day
Online, Phone, Agent
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
WorldRemit International Money Transfers
CAD 0.51
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
XE International Money Transfers
1 day
Online, Phone, Bank Account to Bank Account
Send money in more than 60 currencies. Fee-free international money transfers with a global brand.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

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Banks versus money transfer companies/services

As the Hong Kong Dollar is a widely used currency, many major Canadian banks allow you to transfer Hong Kong dollars overseas. However, banks generally offer poor exchange rates and charge relatively high fees for international money transfers.

Instead of sending funds through your bank, why not consider the services of a specialist money transfer company? These providers, such as WorldRemit and TransferWise, offer fast, easy and affordable transfers across international borders. With lower fees and better exchange rates than the banks, they can ensure that you get a better deal from a financial point of view.

Case study: Leon sends money to Hong Kong

Leon’s younger brother Kevin is travelling through Hong Kong and has run out of money. Rather than ask his parents for another loan, Kevin asks his brother to send him $1,000 Canadian dollars to help him book a flight home. Leon thinks about sending the money through his bank, but when he sees that it is offering a poor exchange rate, he decides to see whether he’d be better off using a specialist online money transfer company. The results of his comparison are shown below.

BankMoney transfer company
Exchange rate$1 CAD = 6.15 HKD$1 CAD = 6.26 HKD
Transfer feeCAD$25CAD$4
Transfer methodBank account depositBank account deposit
Processing timeThree to five daysTwo business days
Amount received (in Hong Kong Dollars)HKD6,100.50

As you can see, Leon can send an extra HKD159 to his brother by using the online money transfer provider, as well as save CAD$21 on transfer fees.

How to compare service companies when transferring money to Hong Kong

  • Exchange rates. Check to see which company offers the best exchange rates, but remember that companies with higher exchange rates may also charge higher transfer fees.
  • Fees. Make sure you’re aware of all of the fees that you will incur with different providers when you send money to Hong Kong. Some companies will waive their fees if you send over a certain amount of money.
  • Transfer methods. While some companies are online only, others will also allow you to place transfers from your smartphone, over the telephone or by visiting a branch. Some companies even have mobile apps you can use to send money overseas.
  • Transfer options. Check to see if you can place limit orders, lock in a good exchange rate with a forward contract or enjoy the convenience of setting up a regular payment.
  • Turnaround time. Will your funds be available to your recipient in minutes, or will they need to wait for two or more days for the transaction to be processed? Keep in mind higher fees are generally charged for quicker turnaround times.
  • Minimum amount. Check to see whether each company imposes a minimum transfer limit as this can be restricting if you only need to transfer small amounts of cash.
  • Pick-up methods. While some companies only offer bank account transfers, others offer cash pick-up from an agent location and mobile wallet transfers.
  • Customer service. If anything goes wrong with a transaction, will phone, email and live chat support be provided? Check to see that the hours of operation work with your schedule.

How to send money to Hong Kong from Canada

  • Bank transfers. Many Canadian banks will allow you to send Hong Kong Dollars from your Canadian account to your recipient’s Hong Kong bank account.
  • Online money transfer providers. A range of specialist online providers, like TransferWise and WorldRemit, offer a cheaper transfer method than banks.
  • Money transfer companies with cash pickup options. Consider sending funds through Western Union or MoneyGram so that your recipient can pick up cash from an agent location.
  • Cheques. International guaranteed cheques are a secure way to send money overseas. However, this is the slowest way to send money overseas.

Emergency cash transfers in Hong Kong

If you need to transfer money to Hong Kong urgently, you may be charged a higher fee and have to settle for a lower exchange rate. Sometimes this sacrifice is necessary when you need to send an emergency cash transfer, but just make sure to carefully review all of the details of a transaction before you commit to it.

Cash pick-up locations in Hong Kong/Western Union/MoneyGram branches in Hong Kong

Western Union and MoneyGram both allow you to send money from Canada that can be picked up from an agent location in Hong Kong within minutes. Just make sure to provide your recipient with the transaction reference number and also make sure that they take photo ID with them when they go to pick up the cash. If you’re sending a large amount of money, tell them to phone ahead to check whether the agent will have sufficient funds available to complete the transaction.

Western Union

  • Kowloon

    Shop B1 & B2, Ground Floor

    67 Carpenter Road

    Kowloon City, Kowloon


    Open 8:30am to 6:30pm seven days

  • Concorde Road Post Office

    G/f Trade And Industry Tower

    3 Concorde Road, Kai Tak

    Kowloon, Hong Kong


    Open 9:30am to 6pm Monday to Friday, 9:30am to 8pm Saturday

  • Wan Chai

    Mega Wealth Asia Pacific Limited

    No C, G/f, Fu Wing Court,

    10-12 Cross Street,

    Wan Chai, Hk


    Open 8am to 10pm seven days

  • Wan Chai Post Office

    2/f , Wu Chung House

    197-213 Queen’s Road East

    Wanchai, Hong Kong


    Open 9:30am to 6pm Monday to Friday, 9:30am to 8pm Saturday


  • Kowloon

    Easypass Corporation Limited

    Shop B G/F Cheerful Comm Building

    116-118 Ma Tau Wai Rd



    Open 9am to 7pm Monday to Friday, 9am to 3pm Saturday

  • BCA Finance Limited

    Shop 50 Ground Floor 108 Shopping Arcade

    19-23 Man Tai Street

    Yau Tsim Mong,


    Open 9am to 5pm Friday to Wednesday

  • Wan Chai

    Peoples Money Exchange


    18 Russell St

    Causeway Bay,


    Open 10am to 11:30pm seven days

  • Brilliance Forex Exchange

    3 G F Jia Yang Building

    271 Lockhart Road

    Wan Chai, 0


    Open 9am to 9pm seven days

Tips for picking up cash in Hong Kong

Although the Government of Canada classifies Hong Kong as a safe country to visit, this doesn’t mean you shouldn’t take care when picking up cash in Hong Kong. The following tips can help ensure your safety and the security of your money:

  • Take a friend along to feel safer
  • Keep your cash hidden and don’t flash it around
  • Avoid any high-crime areas
  • Keep an eye on your wallet or bag at all times
  • Deposit the funds into your bank account or a safe place as soon as possible

How to send money to Hong Kong

There are plenty of options to choose from when you need to send money to Hong Kong, and whichever option you choose you will usually need to sign up for an account before sending your transfer. The exact registration process differs between companies, but you’ll generally need to provide the following:

  • Your full name
  • Your address and contact details
  • Your date of birth
  • Proof of identity
  • In some cases, you will need to provide bank account or credit card information

Before you choose an international money transfer provider, compare the fees and benefits of a range of money transfer companies. Doing an in-depth comparison will ensure that you get value for money when you send funds to Hong Kong.

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