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HK to Canada money transfer, seeking advice

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  1. #11

    Join Date
    Feb 2015
    Location
    Hong-Kong
    Posts
    5,555
    Quote Originally Posted by TheBrit
    The bank would apply a forex rate on your withdrawals
    They (effectively) do but also, you may be stuffed by your broker with notes which are not in good enough conditions to be accepted by your bank, so you're stuck with those till... your next trip to the US you can spend them in a strip club
    TheBrit and MandM! like this.

  2. #12

    Join Date
    Feb 2011
    Location
    Hong Kong
    Posts
    6,317

    I meant to say withdraw HKD, go to Mongkok and change it to USD, then deposit back the USD. Then you get the higher forex rate, about 30 bips more than the bank, however the bank knows this and has daily USD notes deposit limits.


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