Monito compares 8 different options available for your transfer from Hong Kong to Canada.
If you want to transfer Hong Kong dollars to a bank account in Canadian dollars in Canada, SingX is currently the cheapest provider with zero transfer fees and a good HKD-CAD exchange rate (their current rate is 1 HKD = 0.1638 CAD).
Adding the fees and exchange rate margin, the total cost with SingX is 3.88 HKD, compared to that, the total cost of your transfer would be 188.57 HKD (roughly 49x more) if you selected to use Currencies Direct to make the same transaction.
This recommendation was updated a few minutes ago.
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Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to Canada.
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.