Guide for Global Remittance
WeLab Bank has launched the new global remittance! We will go over in detail how to remit transfer money from WeLab Bank account.
From now on until June 30, 2025, successfully complete a Global Remit transaction within the promotion period shall be entitled to a waiver of Outward Remittance General fees of USD $3 (or HKD equivalent)* imposed by the Bank.
What you need and ensure are the sufficient USD deposit and Payee’s information, then you can transfer USD from your WeLab Bank account to anywhere in the world with just 4 Steps:
Open WeLab Bank App, enter ‘Transfer’ page, and click Global Remit
Open WeLab Bank App, enter ‘Transfer’ page, and click Global Remit
Select Global payee, or you can transfer to new payee and supplement your payee’s information
Select Global payee, or you can transfer to new payee and supplement your payee’s information
Fill in the remittance amount and other information
Fill in the remittance amount and other information
Check the remittance amount and payee’s information, swipe to confirm, remittance done!
Check the remittance amount and payee’s information, swipe to confirm, remittance done!
Remit Smarter with WeLab Bank
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- The screen displays and the images of the website are for illustrative purpose only.
- The information provided in the website is for general information only without warranty of any kind and may be changed at any time without prior notice.
- Currency exchange involves risks. Foreign exchange markets are subject to unpredictable fluctuations. If you choose to convert your HKD or foreign currency deposit to other currencies, such foreign exchange transactions will be subject to risk arising from exchange rates fluctuation. As a result, you may suffer losses. The information above is not and does not constitute or form part of any offer, recommendation, invitation or solicitation to subscribe to or to enter into any transaction.
- The actual processing time of Global Remit may vary depending on the operations of the overseas banks and foreign currency holiday.
- Counterparty Risk: We enter into FX Transactions under the FX Terms on a principal-to-principal basis and you are therefore subject to the risk that we fail to perform our obligations under the FX Terms.
- The above exchange rates and information are based on the comparison of telegraphic transfer prices and remittance information displayed on major bank websites or bank mobile applications as of 12:00 HKT on June 24, 2025, and are calculated based on a remittance of HKD 1,000 from major banks. The premise of the comparison is that no fees and expenses are involved in the eligible remittance transaction charged by the receiving bank and any intermediary bank.
- The remittance difference refers to the amount received by the payee of our bank minus the required remittance fee, and is compared with the amount received by the payee of other banks.
- WeLab Bank exchange rates and remittance fees are determined based on the exchange rates and remittance fees provided and displayed in the WeLab Bank app each time.