I need to transfer about US$30,000 every quarter from my "normal" HSBC account in the States to my HSBC account in HK. I haven't done it before. I am ok with paying the US$35 wiring fee for each wiring transfer, but I have a couple of concerns.
1. I've heard that HSBC HK has the worst FX rate, do you know if I can just transfer the money in US$ to Hong Kong, then take the US$ out from my HSBC account in HK and go somewhere with a better FX rate? If I can, do you have any suggestions on which institutions or FX places usually have better FX rate?
2. I only used my hk HSBC account about three times over the last 15 years or so period, and every time I used it, I got a feeling it had more restrictions and requirements and one time I had a pay a fee in order to take some money out from a branch. Since I will need the wired money to pay all of my family's expense including rent, I would like to know if they will charge me everytime I take money out, or if there are ways to avoid charges.
If there are any other better/cheaper/more convenient ways to transfer US$ to HK, please advise, and thanks in advance!