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Message: <blockquote data-quote="zdjh22" data-source="post: 274500" data-attributes="member: 3603">How to pay in USD via TransferWiseI know we are close to the deadline, but in case this helps anyone, I talked with TransferWise and figured out how to do a transfer to Arcooda's Hong Kong bank in USD, rather than HKD.  Note that I used TransferWise both because physically getting to my bank this week was not possible and they wouldn't accept instructions for a wire transfer over the phone, and TransferWise is cheaper (about $14 for the $1500 wire transfer, vs $50 at my bank, vs $100 at my broker - ouch!).Here's how.  You have to access TransferWise via their web pages, not their app.  I am assuming that you have already setup your account, gone through ACH validation, etc. (and if not refer to my posts above).  Note that you can initiate a transfer without first doing the ACH validation, but there will be a delay of a business day or two.  The super nice folks at Arcooda are allowing a delay in the money arriving, however, so I gather you just have to send a receipt of the transfer being initiated prior to the deadline, and your ACH validation can be done as part of this wire transfer.OK, on the TransferWise web page after you login, on the left hand side click on "Recipients".  That will take you to a new page, click on "Add Recipient".  The top box is "Currency", so just choose USD (the fourth entry, easy to miss as the rest of the list below that is alphabetical).  Then, enter Arcooda's e-mail and address in Australia.  Then choose "Hong Kong" in the bank account country. At this point TransferWise will warn you that USD to USD transfers are allowed but you have to enter the appropriate SWIFT code (which the email from Arcooda has provided you).  Also, the destination bank and banks in the sequence of transfers might add SWIFT fees.  I believe the additional SWIFT fee added by TransferWise is $2.  In any event, enter the SWIFT and account numbers Arcooda provided you.  Next, click on "Activity" on the left hand side, then click on the green "Send Money" box.  You'll specify the amount to send, and you need to choose the Recipient (Arcooda) that you defined above.  That's it.  The only warning TW gave me is that the additional SWIFT fees won't be known up front, so you might want to kick in an extra $10 to make sure you get to $1500 on the receiving end.  Oh, and I almost forgot, you also have to specify more than $1500 to send, because the fees are taken from that total.  The web page will show you the known fees and the amount that will be delivered to Arcooda so you can iterate on the "send" amount until the amount they show they'll deliver is what you want.  It turns out that when I did my transfer I didn't select USD, but HKD, in which case they only asked for the name of the bank and the account.  From my receipt and from <a href="https://www.business.hsbc.com.hk/-/media/library/business.../inward-payments-2018.pdf" target="_blank">https://www.business.hsbc.com.hk/-/media/library/business.../inward-payments-2018.pdf</a> I can tell that it should have used "SWIFT MT103" rather than the "104" that TransferWise selected automatically for me.  So I'll need to reimburse Arcooda for the 3% (or whatever) exchange loss from HKD to USD.I initiated my TranferWise account two days ago, and the funds will arrive at their bank on June 29.  So, roughly two days accounting for the dateline.</blockquote>

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