Agent fees. If you have a SG bank account, it would be wiser to use Transferwise and transfer SGD to USD into your HK account.

If you have Stanchart MY, you might be able to transfer USD straight to HK without the charge. Maybe,

This post has been edited by Ramjade: Mar 13 2017, 05:55 PM

Not necessary. Most malaysian banks let you transfer money to SG without agent fees with condition must be same bank. Eg Maybank, Cimb. You only pay RM10.60 + exchange at bank rate.

If use use Maybank SG, they will charge you incoming TT at SGD10
If you use Cimb SG, no incoming TT fees.

Then from there use Transferwise.

Alternatively, you can open USD account with Standard Chartered Malaysia (exchange at bank rate), use Standard Chartered Malaysia to transfer the USD to Standard Chartered HK. This should cut down your cost vs using other bank.

The final way, can try use Merchant Trade/Ria/Max money to send say USD100 (testing first) to your account in HK. With this method, you save on exchange rate but you might have to pay agent fees.

This post has been edited by Ramjade: Mar 13 2017, 08:38 PM