Cash to HK

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  1. #1

    Cash to HK

    Dear all,

    I am new here in this forum. I will move to HK soon and I would like to close down all my accounts here in Europe. I don't have an account in Hong Kong yet. Therefore I plan to take all my money with me in cash. Is it correct that I can import an unlimited amount of money into Hong Kong? It would be Euros.

    Thanks.


  2. #2

    Join Date
    Jun 2005
    Location
    Hong Kong
    Posts
    23,207

    Yes you can. Whether this would be wise or not is another matter.


  3. #3

    Join Date
    Oct 2004
    Location
    Midlevels / USA (MD) / London
    Posts
    2,217

    Ditto the comments on whether it is wise. Not sure if you want to be walking around with scads of money. You can bring a bank cashiers check or even keep the Euro account open and do a wire once you arrive.


  4. #4

    Join Date
    Apr 2003
    Posts
    12,383

    Moving2HK, you should be able to open a Hong Kong based account with HSBC from most major European Cities from what other members have said. Also, all the major European banks have operations here in HK and should also be able to assist in opening a HK based account.

    Best to see if you can open an account before you move and transfer the funds into it, to ensure that you have easy access to your funds as soon as you land.

    HSBC and many other banks can and often delay / hold or put liens on first deposits if they're done using overseas checks.


  5. #5

    Join Date
    Nov 2006
    Location
    Yuen Long
    Posts
    197

    Moving2HK you are probably better off getting travellers cheques for when you first arrive, that is what I did. I got them at the HSBC in the UK with no charges if you get them in US$ and then no charges here to cash them at the HSBC if you are a customer.