Expats in China, welcome to Wise!
We're excited to announce that Wise is launching a transfer service to help expats to send money from China.* Wise now supports Chinese Yuan (CNY) transfers...
Now sending money from HKD can be instant!
We have some exciting news to share with you - sending money from HKD via bank transfer to our new bank account can now be instant! Yes, you read that right, remittances can be as quick as sending an email.
So, what does this “instant” really mean?
Most banks in Hong Kong should now process your HKD transfers to Wise’s new bank account instantly*. As soon as we receive your money via bank transfer, we will convert it into your selected currency and send it to your recipient.
The speed of your remittance can also be influenced by the currency you're sending to. When you're sending to certain currencies, such as GBP, CNY, and THB, recipients can receive your money instantly, that’s within 20 seconds. In fact, your payments could even arrive before you've even had a chance to notify your recipient!
How to make your transfer from HKD instant?
- Create a transfer like normal
- Select 'bank transfer' as the payment method
Tip: If you've previously added our old bank account as a recipient in your bank, you have to update the bank account details in order to enjoy the instant payments.
For more information, check out this guide to HKD transfer.
What's Next for Hong Kong?
Our mission is to make money transfers instant, convenient, transparent, and eventually free. Currently, both sending money from HKD and to HKD can be as quick as instant, but we're not stopping here. Keep an eye out for more product updates in the near future!
*A small number of banks in Hong Kong with older systems may still take up to a few hours or even a day to process your bank transfer to Wise.
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
