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Compare International Money Transfer Services

Compare fees and transfer speeds from multiple international money transfer services in Hong Kong.

An international money transfer makes it possible for you to send money around the globe, but providers can differ in terms of speed, fees, and exchange rates. By comparing banks, money transfer apps, and services that send cash, you can save money and time when sending your international money transfer from Hong Kong.

We’ve scoured the market to find the best international money transfer services based on low fees, strong exchange rates, fast delivery and flexible options. Here’s what you need to know.

Compare money transfer services

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Name Product Minimum Transfer Transfer Time Transfer Fee
Wise (TransferWise)
HKD 10
1 - 2 days
Varies
以透明的匯率,低收費及低最低金額的網上服務作匯款。 Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
CurrencyFair
HKD 5
1 - 2 days
HKD 25
特別優惠:新客戶首三個月匯款可享免手續費而無限次。條款及條件適用。Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
可用15+種貨幣匯款,享有超越銀行的匯率以及快速轉賬時間。 CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Skrill
HKD 60
1 day
HKD 0
Skrill能令你輕鬆匯款至多個熱門目的地,可是要留意其加上的手續費。 Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees.
SingX
HKD 1
1 day
Varies
你首兩次港幣$15,000或以下的匯款,手續費全免。Pay no fees on your first two transfers, up to HK$15,000.
象徵式收費以及中間價匯率,可匯款至高達30多個國家。 SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
InstaReM
HKD 50
1 day
Varies
獨家優惠:使用代碼FINDER10,你的頭一次匯款即能享有$10美元折扣。Use code FINDER10 to receive US$10 off your first transaction.
InstaReM 提供簡單的匯款服務,大部分的匯款劃一收取0.5%的手續費。InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
WorldFirst
HKD 1
1 day
HKD 0
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用超過130種貨幣匯款。 WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
WorldRemit
HKD 1
Within an hour
Varies
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務,。 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
CurrencyTransfer
HKD 5000
1 - 2 days
HKD 0
可匯款至20+個國家,無手續費。 CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
TorFX
HKD 2000
1 day
HKD 0
TorFX保證提供最佳的匯率。需受條款約束。TorFX guarantees to match any competitor's exchange rate.
以30種貨幣匯款到全球。登記後,將會有一個客戶經理提供支持和引導。 TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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Every service we compare has been assessed and reviewed by our editorial team.

What is an international money transfer?

An international money transfer is a process of sending money between people or financial accounts in different countries. Every day, trillions of dollars are transferred between people and businesses all over the world — Hong Kong included.

Typically, you need to give a bank or money transfer service your recipient’s details and the money you want to send. The bank or transfer service then converts your funds to the currency in which it will be received and electronically sends the payment to your recipient.

Depending on the money transfer service, you may be able to send funds online, via mobile app, over the phone or in person.

How can I pay for my money transfer?

Not all money transfer services in Hong Kong accept the same payment methods, but you may be able to pay by the following:

  • Debit card
  • Credit card
  • Bank transfer (requires your account number)
  • Cash

If you want to pay in cash, you’ll need to visit a bank branch or money transfer agent in person. If you transfer funds online or via mobile app, you can only pay electronically by card or bank transfer.

How can my recipient receive the money?

Again, receiving options vary between transfer services, but your recipient may be able to receive funds the following ways:

  • Bank account
  • Mobile wallet
  • Cash pick-up at a bank or money transfer location
  • Airtime top-up

What are the benefits of using an online money transfer service?

While it might be easy to assume that big banks in Hong Kong are the best way to go when sending an international money transfer, there are many reasons why making an online international money transfer might be just as good if not better:

  • Security. Similar to banks, online transfer services usually follow industry-standard security practices to protect your money and personal information. This often includes encrypted data transfer, SSL certificates, two-factor authentication, security questions/answers and personal identity verification.
  • Regulation. Money transfers are regulated by the Hong Kong Monetary Authority.
  • Cost savings. Online transfer services often translate to lower fees and stronger exchange rates
  • Fast. Online money transfer companies often use the latest financial technology to get your money where it needs to go fast.
  • Easy. Mobile apps and convenient online platforms make it easy to send money anytime from anywhere. Additionally, many money transfer services offer features that let you set up recurring transfers, making it easy to pay bills, send regular remittances, manage international business payments and more.

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How do I make an international money transfer?

There are multiple options to consider when sending money overseas:

Transfer methodDescriptionProsCons
Online money transfer serviceElectronic funds transfer through an online money transfer service.
  • Can be done from anywhere via mobile app
  • Low cost (compared to banks)
  • Fast
  • Cannot pay in cash
  • Many online services don’t support cash pickup (some like WorldRemit and Remitly do)
In-person money transfer serviceCash or electronic transfer by visiting a money transfer service location in person.
  • Multiple transfer options
  • In-person customer service
  • Requires local travel
  • Can only be done within business hours
BankWire transfer or international money transfer through a bank.

(Note: All major banks support wire transfers, but not all offer additional in-house money transfer services.)

  • Considered a very secure way to send money
  • Can be expensive
  • Can only be funded through your bank account
ChequeWrite a cheque and mail it to your recipient.
  • Can be postdated to delay payment.
  • Can be cancelled in transit.
  • No transaction fee (assuming you already own cheque)
  • Additional time for delivery
  • Cheque could get lost in the mail
Money orderGet a certified money order printed and mail it to your recipient.
  • Difficult to cash fraudulently
  • Can be cancelled in transit
  • Additional time for delivery
  • Money order could get lost in the mail

How to send money using an online money transfer service

Online money transfer services in Hong Kong are increasingly competitive with big banks, in many cases offering more flexible options and lower fees. Sending an international money transfer through an online service is simple:

  1. Compare services, and select one that suits your needs.
  2. Create an account by entering personal details like your name, email, address and phone number.
  3. You may need to submit a scanned copy of your personal ID (i.e. passport photo page or driver’s license) to qualify for higher transfer limits.
  4. Link your bank account, debit card or credit card to your newly-created account, so you can pay for transfers. Alternatively, you may need to transfer funds from your bank account.

Most of time, you can access your account immediately after submitting all the required information. For some services (particularly transfer services for businesses), there may be a delay while your information is reviewed and a transfer specialist is assigned to your account.

How to send money through a bank

Bank transfers have long been regarded as reliable and safe in Hong Kong. The steps for sending an international money transfer through your bank are generally as follows:

  1. Login to your online banking portal.
  2. Navigate to the international money transfers section of your account. It’s usually a good idea to check your bank’s exchange rates before sending money.
  3. Typically, you need the address and SWIFT code of your recipient’s bank and their account information. SWIFT codes are used internationally to identify banks.

To send a bank wire transfer or money order, you need to visit your bank in person. You may also be able to get money orders at other financial institutions like post offices, credit unions, retailers and even some convenience stores and fuel stations.

What do I need to send and receive money abroad?

Make sure you have the following on hand when sending an international money transfer in Hong Kong.

  • Your personal details. Name, phone number, and government-issued identification like a driver’s license or passport. Additional details may be required for security purposes, particularly for very large transfers.
  • Your recipient’s personal details. Name, phone number and residential address.
  • Your recipient’s bank information. Bank name, address, routing number, SWIFT code and your recipient’s account number.
  • Payment. Check beforehand what types of payment methods are acceptable. For example, not all money transfer services accept credit cards.

What documents do I need to send money abroad?

When sending money abroad you will need to provide a driver’s license, passport or other government-issued ID.

It’s worth knowing that in Hong Kong, income and assets from overseas are not liable to be taxed.

Compare money transfer services

How much does it cost to transfer money internationally?

The cost of sending an international money transfer varies between service providers. In Hong Kong, factors like the type of transfer, destination country and amount being sent can affect your total cost.

Generally, banks and money transfers services make money from international transfers in two ways:

  1. Transfer fee. This is typically a flat fee or a percentage of the transfer amount.
  2. Exchange rate margin. Most banks and money transfer services make a profit by taking a fee worth a small percentage of the mid-market rate (the “true” exchange rate between two currencies). This fee is called a “markup.” To save money, look for services that have as small a markup as possible.

Transfer for cash pickup can cost more than transfers to a bank account. Some companies charge higher fees for large transfers, while others will actually slash fees for large transfers.

Companies that offer fee-free transfers may make up for it with a poor exchange rate. This is why it’s important to look at the total cost of your transfer, not just the transfer fee or exchange rate.

Tips to save money on your international transfer

Looking for low fees and strong exchange rates isn’t the only way to save on your next international money transfer besides. The following tips can also help keep your costs down when making an international money transfer from Hong Kong:

  • Use a service that offers zero markup the exchange rate. The mid-market rate is the “true” exchange rate between two currencies. While most transfer services add a margin on the mid-market rate to make money, some don’t. Instead, these services prefer to make money through transfer fees and possibly other charges. Depending on the type of transfer, it may work in your favour to use such a service.
  • Send larger transfers. Some services offer discounted or waived transfer fees if you send at, or above, a minimum amount.
  • Use forward contracts and limit orders. A forward contract lets you lock in a favourable exchange rate for future transfers. This means you’ll avoid unpredictable movements in exchange rates. A limit order allows you to wait until a favourable exchange rate is found before locking in your transfer.
  • Watch out for scams. With the number of scams increasing each year, it’s important to keep an eye out for the most common money transfer scams. It’s usually best to avoid sending money to anyone you don’t know personally.
  • Pay attention to taxes and regulations. Every country regulates money transfers differently. Make sure your recipient is aware of any tax or reporting obligations that apply to your transfer.

Best international money transfer apps

Save on your next international money transfer with these special deals

Deal

3 Months Fee-Free Transfers

New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
Code

Zero Fees on Your 1st Money Transfer

Your first transfer is free with WorldRemit when you use this coupon code. Send to 140+ countries.
Deal

First two transfers free for new customers

Pay no fees on your first two transfers, up to HK$15,000.
Deal

Exclusive exchange rates for Finder readers + $0 fees

Visit the OFX site to see your savings. T&Cs apply.

Frequently asked questions

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