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When you first arrive, it is a good idea to take some cash that you can exchange upon arrival at the airport. But please note: Exchange rate at the airport could be somehow unfavorable. When I was abroad, if I planned to take a trip to another country, I always chose to exchange certain amount of cash in local before I took on that plane. And I found it many times that exchange rate at the airport was always lower than at a bureau de change. So my suggestion would be exchange some RMB as emergency funds in your country, and then exchange more RMB in China’s banks or bureau de change after you settle down. But there is also another reality that not all banks or money exchangers in your country would be able to give you RMB particularly, if this is your case, maybe you have to exchange at the airport upon arrival.
During old times, the best and most reliable way to get money in China is to use a bank card linked to an international network like Visa or MasterCard. ATMs in major cities accept international bank cards and more and more ATMs in other cities do as well. However, many banks/ATMs have restrictions on how much money you can withdraw at one time or in one day. Therefore, if you need a large amount of cash (e.g. to pay for tuition or accommodation), you must plan ahead. Besides, you should be aware that foreign bank cards usually incur some fee each time money is withdrawn. Otherwise, you can choose to use Western Union or Moneygram, their service providers could be found in cities and are useful in case of an emergency. Traveller’s Cheques are accepted at major hotels and some stores and restaurants that cater to tourists. But generally they can’t be used in daily life so it’s best not to rely too heavily on them.
During our experience in past years, students would encounter many unexpected problems regarding bringing money to China and also have difficulties in making payments such as tuition fee or accommodation fee. Thus, CUCAS has fully developed a system to help international students solve this kind of situations.
Now, CUCAS is ready to introduce our users a new service, which is the money transfer service. This is an online platform for students to transfer money to their own CUCAS account. After students arriving in China, they can transfer money again to their Chinese bank account or directly pay the tuition fee or accommodation fee to the university's account.
Compared to official bank service, CUCAS transfer platform only charges a much lower service fee, which is 3% of the total amount of money that would be transferred. Additionally, CUCAS transfer service also does not have limit on the amount of money, which is superior to bringing cash in person because Chinese custom has several strictly term about the maximum of cash that can be brought in person when entering China.
>> Learn more about CUCAS Money Transfer Service
