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In this guide, we compare a variety of different methods for sending money between Hong Kong and the UK, helping you find the best value when transferring funds overseas. By using a dedicated online transfer service instead of sending the funds through your bank, you can save money on the cost of your transfer.
If you need to send money between Hong Kong and the UK with a specialist online transfer company, all you have to do is follow three simple steps:
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。
Send money in more than 130 currencies.
Use the table below to compare transfer options between Hong Kong and the UK. Sort through products using the headings at the top of the table, and if you’d like to find out more about a product or register an account, click the “More” or “Go to Site” buttons respectively.
When you need to send money overseas, using your bank might seem like the logical choice. You can send funds from your everyday transaction account, making it incredibly convenient, and you also get the peace of mind of dealing with a financial institution you trust.
However, sending international money transfers via your bank is a mistake for two reasons:
If you’re looking for better value for money, you can often find it from a dedicated online money transfer company. These providers specialise in international transfers and usually offer much better exchange rates and lower fees than the banks. This means you can enjoy substantial savings when sending money between Hong Kong and the UK.
| Hong Kong bank | Money transfer service | |
|---|---|---|
| Exchange rate | 1 GBP = 10.4940 HKD | 1 GBP = 10.4148 HKD |
| Transfer fee | HKD 65 per transaction | HKD 0 |
| Amount of GBP received for HKD$10,000 | GBP£952.93 (incl. fees) | GBP£ 960.28 |
| Options | Online, In-branch | Online |
| Time for transfer to complete | Two to five days | One to Two days |
As you can see in the table above, Karen can send an extra GBP£7.75 simply by using the money transfer service instead of her bank. She can also save HKD$65 in transfer fees and enjoy a faster processing time, all of which makes the dedicated transfer service a much better choice for Karen.
*This is a fictional case study and the rates and fees quoted are correct as of June 2018. Always seek a quote for current rates and fees.
Back to topMake sure to consider the following factors when searching for the best money transfer company to help you send funds between Hong Kong and the UK:
There are several options to choose from when you need to send money between Hong Kong and the UK:
Regardless of whether you’re an Hong Kong tourist in the UK or vice versa, anything can happen when travelling overseas and you could find yourself in sudden need of cash. If your wallet or bag has been stolen, you should first report it to the local police and obtain a police report. Then look into the following choices for getting a fast cash replacement:
Western Union and MoneyGram offer myriad cash pickup locations throughout the UK. Before going to pick up a transfer, it’s worth phoning ahead to confirm a store’s location and opening hours. You should also make sure you remember to take your photo ID and the transaction reference number.
You should always take simple steps to stay safe when picking up cash. Have a trusted friend accompany you to the agency and never overtly display your cash in public. Never carry a large sum of money for any longer than necessary and deposit the cash somewhere safe as soon as you can.
Back to topIf you want to send money between Hong Kong and the UK using a cash transfer service, you’ll need the following information:
There are many options available when you need to send money between Hong Kong and the UK, so make sure you compare a range of providers to find the most convenient and affordable transfer provider.
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