If you’re planning to transfer money to Hong Kong in 2025, you’ll want a service that keeps fees low, rates fair, and delivery quick.

Whether you’re supporting family, paying freelancers, or topping up your own account abroad, finding the right provider can make a noticeable difference.

This guide walks you through the cheapest services available right now, comparing fees, transfer times, and who each is best for. We’ll also cover some key things to know before you send money.

Key Takeaways:

• Wise offers low fees, real exchange rates, and fast delivery. Great for freelancers, students, and everyday transfers.
• XE is strong for large transfers. No upfront fees, just a slight margin on the rate. Good for businesses and bulk payments.
• OFX works best for amounts over USD 1,000. No fees, solid rates, and 24/7 support make it ideal for serious senders.
• Remitly lets you pick speed or savings. Use Express for instant transfers or Economy for lower costs.
• Western Union suits recipients without bank accounts. Cash pickup is easy, but fees are higher.
• Always compare rates, fees, and speed before sending. What matters most is how much arrives.

Cheapest Services to Transfer Money to Hong Kong

1. Wise

Wise is one of the cheapest and most reliable ways to transfer money to Hong Kong in 2025, offering transparent fees, fast delivery, and real exchange rates with no markups. With support for over 40 currencies, you can send HKD directly to local bank accounts from the UK, US, and many other countries.

Transfers are usually completed within minutes, and there are no monthly fees or hidden charges. While it’s ideal for digital bank-to-bank transfers, it doesn’t support cash pickup, and some providers may beat Wise’s fees for larger transfers.

Pros:

• Handy for freelancers, students, expats and travellers.
• The recipient doesn’t need a Wise account.
• Business accounts allow bulk payments.
• Option to invest spare funds via Wise Assets.

Cons:

• Fees can be higher on some routes.
• Limited tools compared to full banks.
• No support for cash-based transfers.
• ID checks may delay first transfers.
• Not all currencies or countries are supported.

Transfer fees: 

Here’s a quick look at Wise fees for sending USD 1,000 to Hong Kong using different payment methods, as of 29 June 2025.

Best for: Individuals and small businesses who want low fees and honest pricing

2. Xe

XE lets you transfer money to Hong Kong online, sending up to $535,000 (or equivalent), with the option to arrange larger transfers by contacting their support team. You can pay using a debit card, credit card, ACH, or bank transfer, and recipients can receive funds via bank deposit, mobile wallet, or cash pickup. Depending on the method, transfers may arrive in minutes or take up to three business days.

Pros:

• Better exchange rates than some traditional banks.
• Can send to 200+ countries in 100+ currencies.
• Option for cash pickup at physical locations.
• Used in workplaces, suggesting it’s trusted by some companies.

Cons:

• Accounts can be closed suddenly without notice.
• Customer support is often slow or unhelpful.
• Transfers may be delayed or cancelled after money is sent.
• Refunds can take several days to process.
• Experiences are inconsistent across users.

Transfer Fees:

Here’s a simple breakdown of XE fees for sending USD 1,000 to Hong Kong (as of 29 June 2025):

The recipient gets HKD 7,849.65. There’s no visible fee, but XE includes a small cost in the exchange rate by offering 1 USD = HKD 7.84965 instead of the full market rate of 7.85.

Best for: Sending larger amounts abroad without paying a fixed fee

3. OFX

OFX enables fast and secure transfers from the USA and is a reliable way to transfer money to Hong Kong, with payments typically completed within 1 to 2 business days after funds are received. Supporting over 170 countries and more than 50 currencies, OFX is trusted globally and has processed over USD 191 billion in international transfers.

You can send money directly to Hong Kong bank accounts, such as HSBC or Standard Chartered, without the recipient needing an OFX account. Transfers can be tracked through the app, website or SMS.

Pros:

• No transfer fees (over USD 10,000 or with waiver link).
• Competitive exchange rates for large amounts.
• 24/7 phone support.
• Global coverage in 190+ countries.
• Secure and regulated.
• Business tools like multi-currency accounts.

Cons:

• The minimum transfer amount applies (USD 150).
• No cash pickup option.
• Transfers can take 2–4 business days.
• Not ideal for small or urgent transfers.
• No personal multi-currency account.

Transfer Fees:

For a USD 1,000 transfer to Hong Kong with OFX (as of 29 June 2025), the recipient gets HKD 7,614.60. There’s no visible fee, but the exchange rate includes a hidden cost. For amounts under HKD 50,000, a fee of HKD 60 (or equivalent) may also apply.

Best for: Sending large amounts, typically over USD 50,000

4. Remitly

Remitly lets you transfer money to Hong Kong from 28 supported countries using either their Express or Economy service. You can pay with a debit card, credit card, or bank account, and recipients in Hong Kong can receive funds through bank deposits or mobile wallets.

Express transfers usually arrive within minutes and cost more, while Economy transfers take 3 to 5 business days and are more affordable, especially for larger bank-to-bank transfers.

Pros:

• Supports bank deposit, mobile wallet, cash pickup, and home delivery.
• First transfers are often free or discounted.
• Clear fee and exchange rate breakdowns.
• 24/7 customer support, including live chat.
• Fast Express transfers often arrive within minutes.
• Easy-to-use website and mobile app.
• Strong security with SSL encryption and 2FA.

Cons:

• Economy transfers can take several days.
• Adds a markup to the exchange rate.
• Higher fees for Express transfers and card payments.
• Some payout methods are not available in all countries.
• Daily transfer limits may apply.

Transfer Fees:

Remitly allows users in the United States to transfer money to Hong Kong with an everyday exchange rate of 1 USD = HKD 7.7390. The standard fee is USD 2.49, but new customers receive their first transfer with no fee.

Best for: Sending cash quickly to family or friends

5. Revolut

Revolut is a UK-based digital finance platform trusted by over 60 million users worldwide. Ideal for frequent travellers and international remittances, it offers competitive exchange rates, fee-free spending on weekdays and secure transfers to destinations like Hong Kong.

If you’re looking to transfer money to Hong Kong easily, Revolut’s user-friendly app, multi-currency support and no monthly fees on its Standard plan make cross-border payments simple and affordable, even though it doesn’t yet offer full banking services.

Pros:

• Easy transfers between Revolut users.
• Multi-currency wallet.
• Slick mobile app with budgeting tools.
• Strong security features and instant alerts.
• Convenient for managing online payments and subscriptions.

Cons:

• Not suitable as a main bank account.
• Frequent reports of sudden account freezes.
• Customer support can be slow or unhelpful.
• Exchange rates are not as competitive as before.
• Paid plans may no longer offer good value.

Transfer Fees:

Revolut allows users in the United States to transfer money to Hong Kong with an exchange rate of 1 USD = HKD 7.82876. The standard bank transfer fee is USD 13.50, and the recipient receives HKD 7,723.07 from a USD 1,000 transfer.

Best for: Regular transfers between Revolut accounts

6. Instarem

Instarem is a digital money transfer service that helps users in the U.S. transfer money to Hong Kong and other countries without the high costs charged by traditional banks. It offers competitive exchange rates and zero-fee ACH transfers, making it ideal for small to mid-sized transactions.

First-time users receive a special FX rate, and all fees are displayed upfront for full transparency. With regulation in 11 countries and a 4.0 out of 5 rating on Trustpilot, Instarem provides a fast, secure, and user-friendly way to send money internationally.

Pros:

• Competitive mid-market exchange rates.
• Fast transfers, especially for amounts under USD 7,000.
• Available in over 55 countries.
• Regulated in major regions including the US, UK, EU, Australia, and Hong Kong.
• Rewards programme for regular users.

Cons:

• Not well-suited for large transfers due to increased fees.
• No cash pick-up option.
• It cannot hold multiple currencies in one account.
• Limited funding options in some countries (e.g. no card payments in the US).

Transfer Fees:

Instarem lets you send USD 1,000 from the U.S. to Hong Kong with no transfer fee and an exchange rate of 1 USD = HKD 7.7948. Your recipient gets HKD 7,837.90, and the money arrives in up to 2 days. First-time users get a special rate, and larger transfers over USD 25,000 qualify for a discount.

Best for: Frequent senders and those sending to Hong Kong from Asia-Pacific

7. Western Union

Western Union is a globally recognised and trusted money transfer service, operating in over 200 countries and supporting 130 currencies.

Whether you’re looking to transfer money to Hong Kong from the United States or send funds elsewhere, it offers a quick, secure solution through multiple channels: online, via app, or in person at over 500,000 agent locations.

Pros:

• Fast cash pickup.
• Global reach.
• Multiple payout options (bank, mobile wallet, cash).
• Available in over 200 countries.

Cons:

• High fees and exchange rate markups.
• Less cost-efficient than online-only services like Wise or Instarem.
• Transfer limits vary and can be low for unverified users.
• Some users may experience slow loading times or glitches on the app or website.

Transfer Fees:

Here’s a quick breakdown of Western Union’s fees, exchange rates, and delivery times when sending USD 1,000 to a bank account in Hong Kong using different payment methods. The exchange rate for all methods is fixed at 1 USD = HKD 7.7320:

Best for: Emergency cash transfers to someone without a bank account

How to Transfer Money to Hong Kong: Step-by-Step

1. Choose a provider: Compare services based on speed, cost, exchange rates and how the money will be received.
   
2. Create an account: Sign up with your chosen provider and verify your ID if needed.
   
3. Enter recipient details: Add the recipient’s full name, bank account number and other required information.
   
4. Select the amount and review fees: Enter how much you want to send, check the exchange rate and confirm all fees.
   
5. Pay for the transfer: Use a bank account, debit card or credit card to complete your payment.
   
6. Track your transfer: Monitor the status online or via the app and share the tracking info with your recipient.

Things to Consider Before Sending Money to Hong Kong

• Exchange rate margin: Even a slight variation between the market rate and what a provider offers can impact how much your recipient actually gets. Always compare rates across platforms before committing.
  
• Transfer fees: Some services charge flat fees while others base it on the amount sent. For smaller transfers, these fees can significantly reduce the value received.
  
• Speed: Urgency matters. While some services deliver funds within minutes, others may take up to 3–5 business days, depending on the payment and delivery method.
  
• Delivery method: Decide whether your recipient will receive the money via a direct bank deposit, cash pickup at an agent location, or mobile wallet. The method can affect both convenience and cost.
  
• Security and regulation: Stick with reputable, licensed services that follow financial regulations in both the sending and receiving countries. Check for fraud protection, encryption, and user reviews.

Transfer Money to Hong Kong with DSGPay: Fast, Local, Affordable

For businesses and frequent senders, DSGPay offers a flexible, fast, and affordable way to manage cross-border payments to Hong Kong.

DSGPay gives you access to multi-currency virtual accounts so you can receive, hold, and convert funds in 30+ currencies at competitive exchange rates.

Why choose DSGPay?

• Named Virtual Accounts: Open an account with your business name, increasing trust with clients and partners.
• Local Rail Advantage: Send HKD directly to Hong Kong recipients using local payment rails for faster and cheaper delivery.
• Multi-Currency Support: Send and receive your funds in multiple currencies, including HKD, USD, EUR, and more
• Low FX Fees: Competitive exchange rates with minimal markup, ideal for daily operations or bulk payments.
• Real-Time Payments: DSGPay integrates with local payment networks for immediate or near-instant transfers within Asia
• Regulatory Compliance: DSGPay is a licensed Money Service Operator (MSO) in Hong Kong, ensuring compliance and security

How to Transfer Money to Hong Kong with DSGPay

Here’s a step-by-step guide to transferring money to Hong Kong using DSGPay.

1. Sign up for DSGPay: Begin by registering for an account via the mobile app.
2. Set up your currency account: Access your multi-currency wallet and activate the Hong Kong Dollar (HKD) account.
3. Start your transfer: Choose “Send” from your HKD account. Enter recipient details (bank name, account number, name, SWIFT code) and review the amount.
4. Confirm the payment: Review the exchange rate and fees. Once confirmed, DSGPay will process the transfer quickly and securely.
5. Track your transfer: Use the DSGPay app dashboard to monitor the status and receive real-time updates.

Conclusion

Whether you’re looking to transfer money to Hong Kong for personal or business reasons, there are now more affordable and faster options than ever before.

Wise is ideal for everyday users who want transparency and low fees. CurrencyFair and OFX work well for larger transfers. And for businesses looking for advanced features like named virtual accounts and multi-currency support, DSGPay is hard to beat.

Before sending, always check the latest fees, FX rates, and delivery times to make sure you’re getting the best deal.