Learn from my idiot experience... Left Hong Kong with my wife and two kids for Canada 10 days ago and now I'm sitting at Starbucks in Central waiting for Hangseng to open.
In June I did a funds transfer from Hong Kong to Canada (Bank of Montreal account I set up in April) of my savings. All worked out with telegraphic transfer, funds hit Canadian account in two days. So I thought I was all safe when I sold my home in HK and then transferred the funds out of HK five days before departing HK.
The day before I left I checked my Canadian online banking and the funds didn't reach there yet.
First I thought maybe because the amount was larger and I always got a phone call before from Hangseng and BOC if there are issues with TT transfers. My panic built up as I got to Canada for a day then two then three and the funds still not arrived.
I checked again online and the CAD funds had bounced back to my Hangseng account. In my second transfer I handed them the receipt of my confirmed successful first transfer and told them to copy it word for word. They told me the official code displayed in their system was "Transit bank rejected funds". I called the BMO banker in Kamloops who I personally dealt with and she did all she could to check BMO systems but according to them they never received the funds to reject. Typical bank situation with finger pointing and the client in the middle.
Obviously I was pissed and did all I could over the phone to try to resend the funds remotely but no avail. I had asked a year ago at the Kwai Chung Hangseng branch about a key fob for my online banking.
They told me I don't need one as its all phone and passwords now. Then now when I tried to do a transfer, for large amounts of funds it advises me I need a key fob.
Goddamn.... Oh well. It is what it is.
Bought a single one way ticket myself and flew back to HK and going to confirm my funds reached before heading back....
To add insult to injury, Canada Border Services Agency decided to randomly inspect my container of personal effects off site. Meaning I have to pay for the container truck and other expenses to get it off the boat to their facilities and forwarder agent advised it usually is a minimum of 1000USD of extra costs. Great. Trying to just bite my tongue and not let it ruin my vibe.
Hope this helps someone down the road before they move they nail banking stuff down and never assume anything like I did lol