Can I transfer funds from Hong Kong PayPal account to my US PayPal account.

Greghead4796
New Community Member
Hello, My wife and I will be moving to Hong Kong for two years and I would like to avoid paying exorbitant bank transfer fees everytime I send money to pay my Wells Fargo credit card. My plan is to use Pay Pal to send funds back to my parents in the US so they can pay the bill for me. I know I will need to create and use a PayPal Hong Kong account with an bank account, my question is whether I can transfer funds from my PP HK account to my PP USA account? Similarly, can I transfer from PP US to PP HK? I will need to convert from HK dollars to US dollars, is there an additional fee for this conversion? If so, what is the rate or fee? Thank you for any and all responses help!
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1 REPLY 1

TempUser011916
Contributor
Contributor

Yes. you can send money from your HK PP account to your US PP account and vice versa. As for the conversion fees, it depends on the current exchange rate. Paypal doesn't really give an exact percentage on the conversion rates but it ranges between 1% to 3% of the money you are sending.

 

Hope this helps!

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