Major FAQ – China

Money Matters

Are ATMs easily available? If yes, which debit and credit card are accepted?

Large hotels and tourist stores accept most credit cards like America Express, Diners Club, JCB, MasterCard and Visa cards. Local ATM machines and local banks usually surcharge you around $2-4 when you withdraw money their machines and your personal bank may render a charge. Make sure you alert your bank and credit card companies of your intent to travel to China so your account will not be flagged fraudulent.

What is the local currency and how do I know the exchange rate?

China’s official currency is RMB, also called Yuan. The currency comes in denominations of 1, 2, 5, 10, 20, 50, 100 RMB. At the time of writing this, $100 USD is worth 679 RMB.

Where do I exchange my money and how much should I get?

Find a branch of Bank of China to cash your traveler’s checks or to exchange your foreign cash. You can also exchange small amounts at hotels, tourist stores and the airport.

Is it safe to carry cash with me?

Carrying cash is not safe. Please do not carry a large amount of cash because crime does happen.

Important Note: Retain your receipts whenever you exchange any currency or traveler's checks to Chinese Yuan. You may be asked to show proof of the exchange. Without receipts, you will not be able to exchange Chinese currency to another currency before your departure from China!