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Banks and other providers add a markup and other hidden charges to their exchange rate for sending money abroad. At InstaReM, we make it cost-effective through our Zero-Margin FX rates, low remittance fee, and no hidden charges.

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InstaReM Advantage
Zero-Margin FX Rates
We get you mid-market rates sourced directly from Reuters and add absolutely no margins! We charge a nominal fee.
Easy Transfers
Sign up, verify your account and get transacting. Know the exact amount your recipient will get as you set up your transfer.
Loyalty Points
Earn bonus InstaPoints upon joining and each time you transfer. Redeem them against your transactions.
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Transfer Money To Hong Kong At Zero-Margin Rates

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Send Money To Hong Kong

With Hong Kong’s rise as a prime business hub in the world, money transfers to Hong Kong have also increased by leaps and bounds in the recent years. With InstaReM, everyone from individuals to SMEs to corporates can now transfer money to Hong Kong anywhere, anytime.

Our easy sign-up process and affordable charges make money transfers to Hong Kong convenient. We offer you Zero-Margin FX rates: mid-market rates sourced directly from Reuters with no margins added, apply only a nominal fee, and pay out to your recipient from our local bank account in Hong Kong. Our wide network of banks covers all districts in Hong Kong.

At InstaReM, we are committed to giving you transparent FX rates and keep your transactions free from hidden markups and undisclosed charges. With our Zero-Margin FX rates, low transfer fees and fast transfers, World Bank has consistently ranked us (as of February 2018), the No. 1 cost-effective remittance platform from Australia and Singapore to several corridors around the globe. To get started with your first money transfer to Hong Kong with InstaReM, click here.

Frequently Asked Questions
  • Is it safe to send money to Hong Kong through InstaReM? As a FinTech company, InstaReM reports to a number of regulatory bodies globally, and just like banks and other financial institutions, we have preventive measures designed to safeguard your profile against unauthorised access, fraud, and money laundering.
  • How much does it cost to send money to Hong Kong through InstaReM? InstaReM uses Zero-Margin FX Rates to transfer your money. With us, you always get the exchange rate you see on Reuters or Google. For payments from AUD to HKD, the fee is 0.5%. For payments from SGD to HKD, the fee is 0.25%. For transfers from MYR to HKD, the fee is 0.6%. Please note that the fees are subject to change.
  • How much time does it take to send money to Hong Kong through InstaReM? Typically, InstaReM makes same or next-business-day transfers, 7 days a week. However, some factors that can slow down payment processing are:
    1. Additional information required by InstaReM or recipient bank or financial institution for your security
    2. Payment processing / verifying your bank account
    3. Branch location hours / delivery hours / holidays
    4. Erroneous recipient details
    *Please note that the transfer time may be affected by banking systems and holidays in both the sending and receiving countries. You will receive email notifications as your money transfer progresses through our system. You can track your transfer on the InstaReM website as well as on the app.
  • Which banks in Hong Kong are covered by InstaReM? InstaReM covers all banks in Hong Kong, including Bank of China (Hong Kong), Bank of Communications, The Bank of East Asia, Hang Seng Bank, Hong Kong and Shanghai Banking Corporation, Industrial and Commercial Bank of China (Asia) and Standard Chartered Bank (Hong Kong), among many others.
  • What details are required to send money to Hong Kong?
    1. Name: When sending to individuals in Hong Kong, you need to fill in the beneficiary’s first name and last name.
    2. Address: Beneficiary’s full residential address in Hong Kong.
    3. Account no: Beneficiary’s local account number in Hong Kong.
    4. Beneficiary's Bank Code: You need your beneficiary’s SWIFT-BIC code to make a transfer to Hong Kong.
    Branch code is needed if Autopay payments are utilised. Branch code: The first 3 digits Account number: The following 6 to 9 digits
  • What is a SWIFT-BIC Code? Swift Code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use the codes for exchanging other messages between them. You can find SWIFT codes for Hong Kong here.
  • Can I send money to the bank account of a business based in Hong Kong through InstaReM? Yes. You can use InstaReM for business transfers to Hong Kong.
  • What are the minimum and maximum limits for sending money to Hong Kong through InstaReM? Individuals: The first transaction limit from Australia is AUD 2500. The limit is removed next transaction onwards. From Malaysia, per day transaction limit is MYR 50,000. There is no limit for transactions from Singapore. Corporates: As per regulations in Hong Kong, the limit is set at HKD 20,000,000 per transfer. From Malaysia, per day transaction limit for businesses is MYR 200, 000. There is no limit for transactions from Australia and Singapore. Please note that InstaReM accepts payments in whole amounts, not decimals. Transactions above USD 10, 000 must be declared to the authorities concerned.
  • Which currencies are available for payout in Hong Kong? We make payouts in HKD and USD only.
  • For what purposes can I send money to Hong Kong through InstaReM? InstaReM service can be availed by any individual (at least 18 years of age) for personal money transfer needs in Hong Kong from four countries. The user will be required to specify the purpose of remittance from a specified list of purposes like:
    1. Family maintenance
    2. Gift to family or friends
    3. Credit into your non-resident deposit accounts in Hong Kong
    4. Payments towards tuition/ hostel fees
    5. Travel services
    6. Home loan repayment (extended by banks)
    7. Insurance premium
    8. Purchase of permissible real estate
    * InstaReM does not support payments for FDI (Foreign Direct Investment) purposes.
  • Does InstaReM support transfers to an email address of a recipient based in Hong Kong? No. InstaReM does not support transfers to an email address in Hong Kong.

You can also transfer money to other countries in

  • Asia
  • Europe
  • Oceania
  • North America
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          InstaReM USA Corporation is sponsored by Community Federal Savings Bank in the United States, to which InstaReM is a service provider. The InstaReM Program is sponsored by Community Federal Savings Bank.

          • InstaReM PTE Limited is the holding company of InstaReM subsidiaries globally.

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