Cash & Currency Exchange in China: ATM & Forex Guide for Travelers

While China is rapidly becoming a cashless society, having some RMB (人民币) in cash is still useful — especially when you first arrive. This guide covers how to withdraw cash, exchange currency, and practical tips for handling money.

Withdrawing Cash from ATMs

At the airport or any port of entry, you'll find ATMs that accept international cards (Visa, Mastercard, etc.). Look for the corresponding logos on the ATM. Most major Chinese banks' ATMs accept foreign cards:

• Bank of China (BOC)
• ICBC
• China Construction Bank (CCB)
• Agricultural Bank of China (ABC)
• Bank of Communications

Currency Exchange

You can exchange foreign currency for RMB at several locations:

• Airport exchange counters — Available at all international airports. Look for signs saying "Exchange" or "外汇兑换."
• Hotel front desks — Many 4- and 5-star hotels offer currency exchange services.
• Bank branches — Major banks (especially Bank of China) offer foreign exchange services. Bring your passport.
• Self-service exchange machines — Found at airports and some busy commercial areas.

Exchange Rates

The official exchange rate is set by the People's Bank of China. Banks and exchange counters offer rates close to the official rate, but may include a small commission. Airport exchange counters tend to have less favorable rates than banks.

Exchanging Leftover RMB

Before leaving China, you can exchange your remaining RMB back to foreign currency at exchange counters in airports and major banks. Keep your exchange receipts — you may need them.

Practical Tips

• RMB denominations: Notes come in ¥1, ¥5, ¥10, ¥20, ¥50, and ¥100. The ¥100 note (red, with Mao Zedong's portrait) is the most commonly used.
• Small denominations matter: Keep smaller notes for taxis, small shops, and tips.
• Counterfeit awareness: When receiving large notes, check for security features.
• Notify your home bank before traveling to avoid your card being blocked for suspicious international activity.