Cheapest Way to transfer money from hong kong to china

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  1. #1

    Cheapest Way to transfer money from hong kong to china

    Hi everyone, I am looking for the cheapest way to transfer money from hong kong to china for my business. I need to make frequent transfers (i.e. twice a week) into a Chinese bank account for my business.

    I already have a bank account in hong kong and a bank account in China (shenzhen). How much would it be to make a transfer to myself between the two bank accounts?

    I have already tried opening a Citibank account in china for this purpose , but they said that I can't open one for frequent transfers. If it were possible, supposedly international transfers between Citibank accounts are free.

    Are there any other ways to do so, preferably free?

    Anyone with relevant experience/ advice is deeply appreciated.
    Thank you very much in advance.


  2. #2

    Join Date
    Mar 2010
    Posts
    6,745

    Buy an MTR day pass that includes Lohu station, you can get them on the other side. In HK it's difficult.


  3. #3

    Join Date
    Jul 2007
    Location
    TST and Macau
    Posts
    1,487

    The easiest way is to make an arrangement with an exchange company that works on both sides. Transferring RMB to china third party is not possible. If to your own account you still need to go there in person to move them to another account before you can wire them somewhere else.