If you are planning a trip to China, the issue of cash has possibly come up. You should not only find out about the local currency, but also what type of funds you should bring. Before you make a money transfer to China through any pathway, consider the possibilities so that you always have a form of payment that you can easily use in this area.China's currency is the renminbi, usually called the yuan, and $1 USD is equal to about 6.8 yuan. American dollars are not taken here, though Hong Dong dollars sometimes are in the southern part of the nation. You may bring U.S. dollars to exchange into yuan, but you should keep your receipts when you do exchange cash, since about half can be converted back into American dollars when you exit. Cash is accepted everywhere, of course, and is the most popular form of payment in this country. This is particularly true for small purchases, so do not be afraid to go the simple route and just bring cash.Another alternative you have is to create a money transfer to China through a prepaid debit card. You probably use cards often in the United States, and you can continue this habit in most cities of China. Larger areas like Beijing, Shanghai, and Hong Kong have lots of ATMs and merchants who take cards. This is especially true at major hotels, stores, and restaurants.However, many convenience marts or smaller stores accept cash only, so be prepared with at least some yuan.
You can of course also use your normal debit or credit card in this country, but if it gets lost or stolen, you will probably be more anxious than if anything happens to a card with a set amount of funds on it. You can add as much as you want to your prepaid debit card for just a few days at a time, and then add more if you realize you need it so that you do not risk losing much money if you lose the card.Some people still prefer to use traveler's checks over creating a money transfer to China through a card. This is okay in China, and you should be able to easily exchange them at hotels, banks, large stores, and airports, such as Beijing Capital Airport, Shanghai Pudong Airport, and Xiamen Airport. Overall, this is still a good choice if you do not want to use a debit card to initiate a money transfer to China. Of course, you could use all three of these popular options when you visit China so that you always have funds available.
You can of course also use your normal debit or credit card in this country, but if it gets lost or stolen, you will probably be more anxious than if anything happens to a card with a set amount of funds on it. You can add as much as you want to your prepaid debit card for just a few days at a time, and then add more if you realize you need it so that you do not risk losing much money if you lose the card.Some people still prefer to use traveler's checks over creating a money transfer to China through a card. This is okay in China, and you should be able to easily exchange them at hotels, banks, large stores, and airports, such as Beijing Capital Airport, Shanghai Pudong Airport, and Xiamen Airport. Overall, this is still a good choice if you do not want to use a debit card to initiate a money transfer to China. Of course, you could use all three of these popular options when you visit China so that you always have funds available.
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Everything they never told you about sending money to China revealed! For more insider tips and information be sure and check out sendmoneytochina.org. Unique version for reprint here: How to Send Money to China.
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