Using ATMs and Banks in China

If I have found out one important thing during myi could get money in china or not.
travels to China it is this: Using ATM machines and3:ATM's Beware: If you do use ATM machines to
trying to pay with my credit card is without doubt onedraw out cash you will get quite a large fee for doing
of the most frustrating experiences I have ever had.so. An ATM transaction fee and a foreign exchange
This is made all the worse if you cannot speakfee. They can also be unreliable and it is a real pain
Chinese and do not understand the cultural differencestrying to get things sorted out if your card gets stuck
in China.or does not pay out the money. However most banks
So for all those about to embark on a china tour orhave English speaking staff but do not rely on this as
corporate mice trip to China here are some usefultheir English is often very limited to Hello, Goodbye,
notes to consider before you leave home:How are you etc. I tend to go to the counter and draw
1: Credit cards are taken in some places but invariably Imy money from the cashier using my passport as
found many establishments will not accept foreignproof of identity. At least you know you will not lose
credit cards.your card or your cash using this approach.
This is especially true at airports, train and bus stations4: If your stay in China is long enough I would
who will only accept cash payments. Even Ctrip onlinerecommend opening a Chinese bank account. I did this
would not accept a western card over the phonewith just my passport and 10rmb and i had my bank
because I was flying the next day. I had to travel tobook and union pay atm card within twenty minutes.
Guangzhou airport and pay in cash for internal flightWith The Bank Of China you can then arrange
tickets which was most irritating.transfers of your money from your UK bank into your
Two hours later and 300 rmb lighter in taxi fares I hadChina bank. Union Pay is accepted at all Chinese
managed to secure my flights. And it is no good tryingestablishments and will make paying for your goods or
to argue the point unless you are fluent in Chinese.services that much easier.
2: Even some banks will not let you draw money out5: Always carry some cash with you. I always find
with your credit cards. I found that the most reliable500rmb is more than enough for most things you will
bank was The Bank Of China. I was able to drawneed to do.
cash out from their ATM machines with my credit6: With a little forward thinking your trip to China can be
card and my Nat West debit cards when no othera stress free experience. Remember to always keep
bank would allow me to. They are on virtually everyyour receipt when paying for anything and check it
street in China which is reassuring. I even checked withbefore leaving the establishment.
Nat West before leaving and they didn't have a clue if