The money used in
There are many banks with many ATMs in
The main foreign friendly ATMs are controlled by the Bank of China. Bank of China ATMs work in both Chinese and English (depending on your card), use the latest equipment, and are pretty easy to find. They do have a habit of being over-used though, so sometimes they are out of cash, receipts or whatever. Also, the connection to the overseas banking network tends to have a high down time.
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Bank of |
If you are told by a Bank of China machine that your transaction has been declined and to contact your bank, do not panic. This often just means that the International network is unavailable. You should try the other two banks mentioned or return the next day.
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China Merchants Bank logo on advertising billboard (left) and internal style ATM (right) |
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If the Bank of China ATMs are not working for you, the next best bet is a Merchants Bank outlet (pictured above). Their network seems to be a bit more stable, and seem to run out of cash less. The problem is that Merchants Bank branches are few and far between. Finding one is often difficult.
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ICBC sign (above). An advertising video plays whilst a transaction is being processing in an ICBC ATM (left). Internal style ATM (right) |
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Just recently another bank, the Industrial and Commercial Bank of
ICBC is a very common bank in
Using the ATMs (nothing to fear)
When you put your foreign bank card into a China ATM it should give you the option to display English, or display both Chinese and English. There are various different methods the banks employ to let you select language. The Bank of China ATMs give the password screen in both languages, then on the select account screen, the options are given in two languages, English to the left, and Chinese to the right (pictured below
right).
On the select account screen (pictured right) it is essential that you use the left buttons to select your account as this is what determines the language you will be using from that point on. If you mistakenly press the buttons on the right, you will be in Chinese from that point onwards.
Other banks, like ICBC, have a separate screen near the beginning of the process which lets you select your desired language (pictured below left). At the end of some ATM transactions you will be given the option to continue or take your card (pictured below right). This is because the transaction limits on most bank accounts is set pretty low. The maximum you will be able to withdraw in one request is about 2500 RMB, sometimes as little as 1500 RMB. You can press the continue button and try to get more cash out up to the ATMs daily limit. Most
As a result of the limits set on Chinese bank accounts and ATMs, you will often experience the hell of
There are a couple of other banks which may accept foreign cards around
The ATMs mentioned here dispense Chinese RMB currency. The money will be taken from your foreign bank account. It will be converted to your home currency at a quite reasonable rate usually. The commission and transaction charges will be dependent upon your own bank's policies. If you are using an ATM / Debit card, usually the charges are comparable to drawing money in your own country (e.g. Bank of America charges $3 per transaction, which is the same as if you used a non-Bank of America ATM in the US) If you are using a Credit Card, you are usually talking about a "cash advance" which can be extremely expensive depending on your bank and how long you take to pay back the money.