Did you know that the exchange rate varies between cash or credit?- eChinacities Answers

Welcome to eChinacities Answers! Please or register if you wish to join conversations or ask questions relating to life in China. For help, click here.

[ Latest Answers ] [ Latest Questions ] [ Most Answered ] [ Need Answers ]

Verify email

Your verification code has been sent to:

Didn`t receive your code? Resend code

By continuing you agree to eChinacities's Privacy Policy .

Mr_Jack

Posts: 3

Governor

Q: Did you know that the exchange rate varies between cash or credit?

Many expat may not know it but if you change foreigner cash into RMB (at Bank of China for example) you get a significantly worse rate than putting your cash (USD,EUR...) into a basic card and than exchange it into the card?

I just want you guys to know it and save your money

Also if you have more than 200.000rmb in foreigner currency you can ask first for a gold card and save most of the little fees as well.

Have a good day,

MR.Jack

11 years 6 weeks ago in Money & Banking - China

Report Abuse Email this post

Answers (1)

Comments (0)

icnif77

Posts: 19800

Emperor

Add Comment

Same Bank practice is usual at Western Banks: exchange rate for cash is always lower than 'paper' exchange.

I have Merchant's Bank Visa Gold debit card with 50 Rmb monthly fee, if balance is lower than 50 000 Rmb. I hate paying Bank fees, especially for my own money, and I am very close to reach balance limit.

Report Abuse

11 years 3 weeks ago

Know the answer ?

Please or register to post answer.

Answer of the DayMORE >>

Q: Can I get hired by a school directly without using a recruiter?

A: Add-it: Getting into the recruiters ... You could also research a

A:Add-it: Getting into the recruiters ... You could also research any school/job offering posted by the recruiters ... as an example:"First job offering this AM was posted by the recruiter 'ClickChina' for the English teacher position at International School in Jinhua city, Zhejiang Province, China...https://jobs.echinacities.com/jobchapter/1355025095 Jinhua No.1 High School, Zhejiang website has a 'Contact Us' option ...https://www.jinhuaschool-ctc.org ... next, prepare your CV and email it away ..." Good luck! -- icnif77