transfer money from Canada to Hong Kong is not as difficult as you think, but choosing the best way to send money to Hong Kong cheaper, faster and better than Canada requires more research and more time. . So in this article we decided to introduce and review the best ways to send money from Canada to Hong Kong so that you can send money in the best possible way. Stay with us until the end of this article
How to send money from Canada to Hong Kong
Although it is easier to send money to China today than it was in the past, there are still many barriers to ensuring safety and affordability. Finding the best way to transfer money from Canada to Hong Kong requires consideration of several factors, including ease of transaction, speed, cost, and process transparency.
Any cross-border payment depends on the exchange rate and processing cost, but fast money transfer in Hong Kong requires a thorough understanding of the process. Read below for more information on payment methods that work in Hong Kong , and which one works best for you.
What is the best way to send money to Hong Kong?
PayPal
Due to its user-friendly experience and high overall credibility, PayPal is one of the most popular money transfer tools for small amounts worldwide. Reliability: Very high Transfer fee: 2.9 ٪ + exchange fee Difficulty setting up: Low and Fast speed
PayPal has a convenient user base in Hong Kong due to the strong Chinese language interface in the operating system. Although it is very expensive to use in China, it is very difficult to resist the ability to send money from anywhere smartphone. The main disadvantage of PayPal is the cost of currency conversion plus the transfer fee of 2.9%. Costs like these can really add up over time, making Paypal a less attractive option for large businesses with day-to-day transactions. Here is a link to the PayPal website where you can learn more.
Bank or wire transfer (via SWIFT) money from Canada to Hong Kong
Wireless transmission has been around for a long time. They are very common and often the best choice for jobs. The largest and most reputable international banks in Hong Kong – as well as any other country – use the international standard SWIFT code system for reliable money transfers between accounts. Reliability: High Transfer fee: $ 35- $ 45 with currency conversion fee Difficulty setting up: Low Speed: relatively low to medium (several days to several weeks)
Such a relatively large housing rate obviously does not include wire transfers for small and frequent transactions. As we all know, things like Paypal work best for it. However, some common vendors may not accept the new or less common transfer method. In this case, money transfer may be your best or only choice. You will notice that the reliability criterion above is “high” and not “too high”. This is specific to China and several other countries that have equally strict rules on money laundering and foreign investment laws.
Sometimes, when sending a bank transfer to a bank in China, the transfer is blocked and checked. This can delay the wire for days or even weeks. This is not very common, but as it may happen, we recommend that you keep this in mind.
TransferWise
Do you need to make a big one-time deal for Hong Kong for a family member or business partner? In this case, TransferWise is the fastest and easiest way to trade from Canada to Hong Kong. TransferWise also has a premium exchange rate compared to, for example, Western Union. How much does it cost to transfer money to China via TransferWise? Exchange Rates: Best Available; No expansion Transfer cost: 2.95 USD + 1.19% of your total amount Additional costs for: bank transfer; Credit and cash cards
how it works?
Create an account online and log in Enter the amount you want to transfer, along with the recipient details. Pay to TransferWise using a bank transfer or credit or debit card. TransferWise sends money from you. Your selected recipient will receive your money in Renminbi (Chinese Yuan) within a few business days.
WorldRemit for send and transfer money from Canada to Hong Kong
This money transfer site refers to smaller transfers. WorldRemit basically offers delivery flexibility options over methods such as Venmo, Crypto, PayPal, and more. Think of it as another option for TransferWise or Western Union, with different markets, rates and delivery options. Check them all out to see who gives you the best features for your area.
How much does WorldRemit charge to transfer money to China? Transfer cost: $ 0.00 Maximum transfer fee: $ 5,000 Exchange rate: varies; Spread uses How to send money via WorldRemit? Create an account and log in with your credentials. Enter the amount of money you want to send. Choose your transfer method (bank deposit, cash or digital platform). Then, enter all the recipients’ bank details. Make a local payment to WorldRemit using a bank transfer or credit or cash card.
How long does it take to send money with WorldRemit from Canada to Hong Kong?
The transfer time depends on the method you choose: If you choose cash delivery, the money will be immediately available to the recipient at his or her local WorldRemit counter by providing a photo ID and transaction reference number. If you choose money transfer, the recipient will receive the money within minutes. There are several ways to send money to China that we do not have to discuss here – in fact, they will cover hundreds of pages. This is our absolute last, and not just because we are. Take a look at what we offer below.
Statrys trading account
Statrys specializes in providing the most efficient and convenient way to transfer funds to its international vendors to cross-border companies. One way we do this is through our non-commercial bank account service. Think of it as a one-stop shop for every aspect of your international finances. A single platform with everything you need, including vendor payments, salaries, forex and more. It’s more than just an account – it’s a control center.
In the past few months, the epidemic has created the need for tangible financial services from a social distance that maintains all the security and functionality of traditional bank accounts. Statrys has not only met this need but has gone beyond it.
Registration for our non-bank commercial accounts takes only 15 minutes, is usually verified within 48 hours and does not require any face-to-face meetings. We are also double-regulated by agencies in Hong Kong and the UK, so you can be sure your money is really safe.
OFX
Collect relevant banking information, including the recipient’s bank account name, account number, settlement code, and branch code. Create a free online account with OFX or sign in to receive a live quote to transfer your money. Enter your details and your recipient. Select “Finalize Transaction” to process payment.
Sending money to Hong Kong using OFX is easy and affordable. Even if you are not ready to transfer funds today, you can register now, so if your exchange rate goes up, your account is active and ready. When sending money to Hong Kong, keep in mind that depending on several factors including: How to use money How much do you send? Source of fund If the money is taxed elsewhere For example, supporting family members by paying for living expenses is usually different from sending large sums of money abroad as gifts. See the guide to sending money to overseas families for more details.
How to send money to Hong Kong at a great exchange rate
When looking at exchange rates, it is important to know that the Hong Kong Dollar (HKD) is not traded freely. If you want to read about other factors that affect the value of HKD or other currencies, it is pegged to the US dollar (USD), refer to the exchange rate section of our site.
receiving money in Hong Kong from Canada
Hong Kong has long been involved in digital innovation. Not surprisingly, 9 out of 10 consumers in the city used digital wallets last year. Mobile payments are on a steady path to becoming an integral part of people’s lives in Hong Kong. Consumers are looking for an integrated and advanced payment experience tailored to the demands of the modern lifestyle. With the emergence of Hong Kong as the world’s main trading hub, remittances to the city have also increased in recent years. With Jetton, everyone from individuals to companies can now transfer money from Canada to Hong Kong anywhere, anytime.
Jetton easy registration process and affordable costs make it easy to transfer money to Hong Kong. offer you fast money transfer with fast speed and cheap costs.
The best way to get money in Hong Kong
Compared to traditional financial institutions, the use of Jeton can meet customer demand and provide more advanced experiences in a faster and more flexible way, thanks to the operating system infrastructure. With Jeton, the only losers are expensive banks or providers that you will no longer use! Jeton allows you to trade more instantly. With a few taps here and a few clicks there, you’re done. There is no better satisfaction than buying what you want quickly and easily.
How to make money online in Hong Kong
To receive money using Jeton you must provide your email address, phone number or Jeton ID. Jeton costs to receive money in Hong Kong As an international money transfer specialist, we are committed to providing the fastest and cheapest money transfer to Hong Kong. It starts with our very low transfer cost. If you are a recipient, the first five deals are free. From the sixth submission of the transaction in the same month, 2.50% commission is charged from the recipient for each transaction.
wechat or Alipay , which one is better for receiving money in Hong Kong?
WeChat Pay and AliPay are the leaders in digital payment services in Hong Kong. and wechat has over one billion active users daily who use the app to chat, play games, send money and make purchases. AliPay has 1.3 billion active users annually and currently processes more payments than WeChat – both services are growing and looking to expand.
we review the pros and cons of WeChat and AliPay according to the local versions of WeChat Hong Kong and AliPay Hong Kong. We’ll take a look at how to use both services, as well as the costs and restrictions you need to know about them. WeChat and AliPay have very limited options when sending payments to people abroad – so we will also cover a smart way to send and receive international payments with TransferWise.
AliPay was launched in 2004 and has become an industry standard for secure online payments in China. WeChat came a little later in 2011 – and was created primarily as a way to send messages to friends and family. However, the services provided by WeChat have greatly increased over the years – thanks to the large number of users in China and beyond, it is growing year by year. Let’s take a look at some key points about WeChat and AliPay.
is wechat ol alipay covers transfer money from Canada to Hong Kong ?
WeChat is available worldwide. However, it is good to know that WeChat Pay is not available in all regions and has border restrictions. If you are in China, Hong Kong, South Africa or Malaysia, you will find that you can access WeChat Pay. If you have WeChat Pay HK, you can use WeChat Pay to pay merchants in a wide range of currencies including GBP, HKD, USD, JPY, CAD, AUD, EUR, NZD, KRW. and you are shopping online with a merchant who supports WeChat Pay but does not offer these currencies, you can usually pay in dollars instead.
At WeChat Pay you will also find an additional feature – We Remit – which allows you to send money to the Philippines and Indonesia for local collection. If you have an AliPay HK account, you can pay online or in stores in China, Hong Kong and Japan. However, you can not pay people using your Hong Kong AliPay account – other than Philippine remittances made in PHP. No other external transfers are supported, including payments to AliPay China account holders.
conclusion
If you are looking for ways to get money from Canada to Hong Kong, this article will help you find and choose the best methods. In this article, we have examined the best and fastest way to transfer and send money from Canada to Hong Kong, so from now on, you can transfer your money from Canada to Hong Kong with the best option. Also keep in mind that transferring money from Canada to Hong Kong requires an intermediate exchange rate and should be measured at the time of transfer. If you have any questions in these cases, you can ask us through the contact link
