So I'm using Transferwise for overseas payments using HKD. This is business related, so I'd like to pay from my company account (Standard Chartered Hong Kong), the problem is that DBS (account for TransferWise) will reject payments from my company account. I have not problems paying from my personal account (also Standard Chartered), but obviously it's not ideal to pay business expense through my personal account, and then get reimbursed from my company account (SCB to SCB transfer are fine).
I've been asking mybank, TransferWise and Instarem (I've tried to use them too), but I keep getting vague answers, until TransferWise also told me ACH is not possible with HKD, only USD. But paying to USD come through a US bank so I'd get even more fees for international transfers. TransferWise to told to pay by "bank transfer", but there's no such simple option :O.
Instead I have three options when making a payment: RTGS, ACH, Payroll. I'd like to avoid RTGS since it's 150 HKD for payment, and ACH fee is waived, so that's my preferred choice. The rejection reason is apparently the bank code. I have multiple choice for DBS bank code, with several "DBS 16" choices, so I'm very confused.