[tx_dfw]

Ive done a search on this but did not find the answer i was looking for. I would like to find the cheapest way to send HKD to my USD account. I have heard the lowest cost way is to use E-trade.
With an E-trade Brokerage account in HK and a E-trade USD account overseas. Then simply just transfer your money from you HK account to E-trade HK.

Any but got other ideas?

[Alby]

I don't think e-trade is any cheaper than doing an electronic transfer from your HK bank to your US bank.

Of course there is a cost for sending from HK and possible a receiving cost from the US bank - but my experience and thoughts have been the that the cost is minimal.

[PDLM]

It really depends what bank accounts you have in place where and how much you want to transfer. I'm not clear what the requirement is...
1: HKD cash in HK to a USD account in HK
2: HKD in a HK bank account to a USD HK bank account
3: HKD cash in HK to a USD bank account in the US
4: HKD in a HK bank account to a USD bank account in the US

or what?

For case 3, if that's what you have, the cheapest might well be Western Union for small amounts.

[Boris]

Originally Posted by tx_dfw

Ive done a search on this but did not find the answer i was looking for. I would like to find the cheapest way to send HKD to my USD account. I have heard the lowest cost way is to use E-trade.
With an E-trade Brokerage account in HK and a E-trade USD account overseas. Then simply just transfer your money from you HK account to E-trade HK.

Any but got other ideas?

The way you write this seems to indicate all intra HK.
In that case you simply have to have a multi currency account. Trans between accounts is free at the market exchange rate ( which you are offered to accept or decline before trans ).

Your E trade account would pay into the designated account in whatever currency you designated.

Transferring offshore is easy, quick and cheap by using the online banking facility.

Job Done !

[PDLM]

Originally Posted by Boris

Transferring offshore is easy, quick and cheap by using the online banking facility.

Job Done !

Except of course when the online banking facility collapses completely under the strain of the utter madness which is currently infecting the share markets (as HSBC's has done this morning).

[tx_dfw]

thanks for the help, now can anyone reccomend a good US tax person?