poor person personal banking

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  1. #1

    Join Date
    Dec 2008
    Posts
    3

    poor person personal banking

    Any advice on finding a way to bank in both Hong Kong and the US without losing all my money to exchange fees and wire transfer fees? I am moving to HK in one month to start a post-doctoral research fellowship for which I will be paid in HKD. Since I just finished school, I, of course, owe the US government for student loans and they must be paid in USD from a US bank. As a poor research scientist, I'm not going to be making so much money that I am willing to pay each banks' wire transfer fee ad the exchange fee each month that I want to transfer money. And, I won't be making anywhere near enough money to get the premier international accounts that don't charge fees.

    Please let me know if you have any suggestions!!


  2. #2

    Join Date
    Dec 2002
    Location
    ???
    Posts
    31,574

    Try and look at Etrade. They will accept HKD funds into their account here and transfer to the USD account stateside, without any additional fees.