The Wholesale Forums

[Novax61]

I'm with First Direct, the online subsidiary of HSBC, I only pay £10 to make a T/T to an HSBC bank in HK, and all I have to do is pick up the phone and arrange it. Payment usually gets there same or next day.

[Cholera]

Hi Novax61,

Thanks for the info...very interesting!
Could you advise how much it is [in yoiur experiences] to pay a non-HSBC bank in other countries, too? Am unsure if HSBC offer such good rates to non-subsidiary banks etc?

Thanks for the post, and for your help,

Mike

[D M]

Like the thread says use these forex companies.

[Novax61]

Originally Posted by Cholera

Hi Novax61,

Thanks for the info...very interesting!
Could you advise how much it is [in yoiur experiences] to pay a non-HSBC bank in other countries, too? Am unsure if HSBC offer such good rates to non-subsidiary banks etc?

Thanks for the post, and for your help,

Mike

First Direct charge £21 for a T/T to a non HSBC bank.

[Kieran]

Hi DSC
I contacted a number of the Banks today and then rang Transfermate and they beat the bank rates. I dont know where you got 1% but their rate was less than 1% off the market rate so i dont think that is possible. Anyway it was only a few k to china however I was impressed

The fellow i spoke with also informed me that as a regular business client I wouldn't pay transfer fees also