Tried to deposit $10k USD today and was told that there was a usd70 charge for cash deposit over $7500.
Is this a standard practice with banks in Hong Kong?
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Tried to deposit $10k USD today and was told that there was a usd70 charge for cash deposit over $7500.
Is this a standard practice with banks in Hong Kong?
Sent from my iPhone using GeoClicks
I guess you'll need to be making two deposits in that case
Sigh...I know, but doesn't that just create more work for both the bank and customer?
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don't rock the boat!
maybe some sort of anti money laundering measure... wonder if it's an HKMA thing
Original Post Deleted
Oh please TB, stop trying to blind us with facts.
That is what is on the official HSBC website, implying this will have any bearing on what will actually happen when you walk into a branch is disingenuous at best. We all know you would have to walk into 4 branches, speak to 7 "customer service" assistants, 2 managers, 1 doorman before anyone would utter anything close to the facts....and that one person is usually the doorman.
Last edited by kimwy66; 09-10-2014 at 08:48 AM. Reason: Edited for accuracy - forgot to use inverted commas around "customer service"
There are banks that even charge a fee for RMB deposits.Original Post Deleted