On May 31st, it will become cheaper to transfer HKD

Wise

31.05.18

2 minute read

We know you'll want to understand exactly how this change affects you, so we've written this post with all the information you'll need to be informed of the changes. Heads up – this post is divided into 2 general sections:

1. Why we’re changing our fees (and why they’re going down on most transfers and not changing for others)

2. The new fees

If you’re not very interested in the “why”, and you just want to know how the new pricing will affect your transfers, go straight to the new fees.

Why we're changing our fees

We believe sending money to another country should be as cheap as sending an email. Yes, we think it should be free.

We’re not there yet, but that’s what we’re shooting for.

Why fees are going down

When we opened for business, we based our fees on how much transfers cost us to process.

Since then, we’ve gained a lot of customers, and they've driven our costs down on many transfer amounts and routes. At the same time, we've gotten better at what we do, and that's brought our costs down too.

We’ve used those savings to lower our fees where we can, which means most of you will be able to send money for even less.

The new fees

Price Change	Description	Routes Affected
Cheaper for all amounts	Transfer to these routes are about to get cheaper for you.	AUD, BRL, CAD, EUR, GBP, INR, JPY, MYR, SGD, and USD
No change at all		All others

To read more about transfers from HKD, visit our HKD transfers page

What is the fee for each route?

Route	Old Pricing	New Pricing
HKD to AUD	HK$20 + 0.5%	HK$10 + 0.4%
HKD to BRL	HK$30 + 1.5%	HK$20 + 1.2%
HKD to CAD	HK$20 + 0.5%	HK$10 + 0.4%
HKD to EUR	HK$20 + 0.5%	HK$10 + 0.4%
HKD to GBP	HK$20 + 0.5%	HK$10 + 0.4%
HKD to INR	HK$20 + 0.7%	HK$10 + 0.4%
HKD to JPY	HK$60 + 0.8%	HK$20 + 0.8%
HKD to MYR	HK$25 + 0.9%	HK$20 + 0.6%
HKD to SGD	HK$20 + 0.7%	HK$10 + 0.5%
HKD to USD	HK$20 + 0.5%	HK$10 + 0.4%