Chinese banks are able to accommodate all international transactions. Banks are open from Monday to Friday. It is highly recommended that international students open a bank account. It is a relatively simple process to open an account at the major banks. For this purpose you would require proof of registration, your passport and proof of accommodation while studying in Chinese.
Traveler’s cheques and foreign currency can be exchanged at most banks. Businesses, tour operators, airlines and hotels generally accept international credit cards.
Most major credit cards and traveler’s cheques in major currencies are accepted.
Information when Purchasing Foreign Exchange in China
In case you need to convert some of your foreign exchanges into Renminbi yuan, or vice versa, one may contact their individual banking offices.
- Valid passport
- Proof of travel arrangements
- Identity document/temporary resident permit
- Proof of residential address (not older than three months)