You can fund and withdraw your funds in either Hong Kong dollars (HKD) or United States dollars (USD).
For USD -
- Funding and withdrawals done through a HSBC bank account in Hong Kong, is currently free.
- Funds made from a non-HSBC bank may be subject to a bank fee.
- If you withdraw funds to a non-HSBC bank account and the transaction is processed through the local clearing platform in Hong Kong (CHATS), you may be charged HKD 55 by HSBC for the outgoing payment via RTGS. This charge is at the discretion of HSBC and is subject to change in the future. As the customer, you will be responsible for paying this fee.
For HKD, as of now, there are no charges for both funding and withdrawals to a Hong Kong bank account. Though, as our portfolios are USD denominated, funds transferred in HKD will be converted into USD before being invested. Retail investors generally pay 0.30% or more in currency conversion fees when converting with banks, while Syfe customers are charged a much lower conversion fee.
Syfe does not otherwise charge any funding, withdrawal or exit fees. You can fund or place a withdrawal request to or from any of your portfolios whenever you want.