Moving to HK - Sending money across

jodders

Hi guys,
I am moving to Hong Kong for work and I wanted to see what is the best way to send money across to my parents as that what I currently do right now. Any recommendations on which High street banks to use or alternative system to explore? HSBC seems to be the most obvious one but it comes with a £25 charge if I am not mistaken.
Cheers

grumbler

For a big amount it's the exchanger rate that matters in the first place, not £25.
https://www.fxcompared.com/money-transfer/UK-Hong%20Kong?amount=10000&bType=1&ref=filter
http://www.mycurrencytransfer.com/money-transfer-to-Hong-Kong/10000-GBP

MSE article: Sending Money Overseas

jinkster

I think most banks get charged a £25 conversion fee for clearing bank of currencies.

gt94sss2

jodders wrote: »

Hi guys,
I am moving to Hong Kong for work and I wanted to see what is the best way to send money across to my parents as that what I currently do right now. Any recommendations on which High street banks to use or alternative system to explore? HSBC seems to be the most obvious one but it comes with a £25 charge if I am not mistaken.
Cheers

I believe HSBC only charge up to £4 (or less - depending on the type of account) to transfer funds from one HSBC account to another. But as others say, the exchange rate is important.

Regards
Sunil