Send money to Hong Kong

Safe, secure and cost-effective transfer options when you need to send money to Hong Kong.

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XE Money Transfer

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  • Send money to 130+ countries
  • Competitive exchange rates that are often better than banks
  • XE doesn’t charge any transaction fees, commissions or ongoing fees
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Online money transfer companies usually offer the lowest fees and the most competitive exchange rates, often beating your local bank by a long shot when you want to send money to Hong Kong. You’ll need to send cash if your recipient doesn’t have an account with a supported bank, so compare options to find the best deal for your situation.

Compare services that send money to Hong Kong from the UK

Table: sorted by promoted deals first
Our table below lets you compare the services you can use to send money abroad. Choose if you want to send under or over £10,000, and you’ll be shown a list of services that can help you.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
Wise (TransferWise)
Within an hour
From £3.75

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Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
TorFX
24 hours
£0

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TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Central FX
24 hours
£0

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Central FX's dedicated team will guide you or your business from first call to final payment.
CurrencyTransfer
24 hours
£0

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CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE Money Transfer
Within minutes
£2
SPECIAL OFFER ✓ £25 Amazon voucher when you refer a friend

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XE has fast transfers with low fees and a range of foreign currency tools.
Wise (TransferWise)
Within an hour
From £3.75

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Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
CurrencyFair
24 hours
€3
SPECIAL OFFER ✓ Zero fees on your first 10 transfers

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CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Azimo
Within minutes
From £0.99
SPECIAL OFFER ✓ First two transfers free for new customers.

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New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
WorldRemit
Within an hour
From £1.99
SPECIAL OFFER ✓ Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.

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Send money to Cameroon with zero fees. Valid till 20 October 2021. T&Cs apply.
New customers spend GBP 20 and use code TAKE10 for a GBP 10 discount. Valid till 7 November 2021. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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Compare up to 4 providers

What’s the best way to send money to Hong Kong?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Hong Kong. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like WorldRemit specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Hong Kong bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram and Western Union allow you to transfer cash for pickup at a local branch in Hong Kong – often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees.

Banks

The Hong Kong dollar is a relatively popular currency, so your local bank should be able to exchange it. If it does support the Hong Kong dollar, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Hong Kong.

Let’s crunch the numbers: Sending £2,000 to Hong Kong

Let’s say you need to send £2,000 to family in Hong Kong. Here’s what you might face as far as fees and exchange rates as of 24 October 2020.

Digital money transfer serviceCash transferBank transfer
Fee£0£3.99£20 + additional correspondent bank fees
Exchange rate1 GBP = 10.057 HKD1 GBP = 9.886 HKD1 GBP = 9.884 HKD
Transfer speed1-2 daysMinutes2-5 days
Amount receivedHKD 20,115HKD 19,772HKD 19,571
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in Hong Kong. If you go with the cash transfer service, your recipient ends up with HKD 979 more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to Hong Kong in as little as 15 minutes – just make sure there is a cash pickup location near your recipient before sending.

How to send money to Hong Kong online

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their bank account information from Hong Kong.
  3. Confirm transfer details. Double check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Hong Kong. Some money transfer providers send a text or email when your transfer is complete.

What are the ways that I can send money to Hong Kong

  • Bank transfers. Many major UK banks will allow you to send money to Hong Kong.
  • Money transfer providers. Providers like Wise and CurrencyTransfer can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union, WorldRemit and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from the UK to Hong Kong.
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How to get the most out of your transfer to Hong Kong

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Hong Kong to best meet your needs:

  • Exchange rates. The GBP-HKD relationship fluctuates occasionally, so using a service that allows you to lock in exchange prices may help you save money down the line if the Hong Kong dollar rises against the pound sterling.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger GBP-HKD exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of pounds you’re sending to Hong Kong.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, look for a digital specialist that offers instant transfers to Hong Kong.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a Hong Kong bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

How to send an emergency cash transfer to Hong Kong

When urgency trumps cost to get your money to Hong Kong quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Hong Kong without a bank account

If you don’t have a bank account, you can still use cash transfer services to send money to Hong Kong. Similarly, a recipient can get the money with a cash transfer if they don’t have a bank account. These services are widely available around the world and although they’ll typically not be the cheapest available, they can be fast and convenient.

Hong Kong’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Hong Kong’s exchange rate is flexible compared to the pound sterling, and the GBP-HKD relationship fluctuates often. Factors that may influence the exchange rate include interest rates, economic stability and inflation.

Today’s exchange rate GBP to HKD

1
0
Updated: 19 Oct 2021 18:34:57 UTC

Documents needed for sending to and receiving money in Hong Kong

To send money to Hong Kong from the UK, you’ll need government-issued ID and other documents, while documents needed to pick up money in Hong Kong may differ by company.

Documents to send money from the UK

To send money from the UK to Hong Kong, you’ll need documentation and details that include:

  • Identification. Most services require a driver’s licence, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal cheques.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number and Hong Kong bank account information.

Documents to receive money in Hong Kong

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details – called a PIN, an MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Hong Kong Special Administrative Region passport, Hong Kong ID or similar official ID may be required to pick up your transfer.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

Learn more about using the Hong Kong dollar in Hong Kong

Bottom line

It shouldn’t cost a fortune for you to send money to Hong Kong. Compare money transfer companies that specialise in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country-specific guides the next time you need to make a transfer.

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