Should i bring usd to hong kong

Money changers Licensed money changers, such as Chequepoint, abound in touristed areas such as Tsim Sha Tsui and Central. Before the actual exchange is made, the money changer is required by law to give you a form to sign that clearly shows the amount due to you, the exchange rate and any service charges. The bills they are a-changin' If you do need to exchange money cash or travelers' checks , banks generally offer a good exchange rate.

An alternative is money changers which can be found in tourist hot spots such as Causeway Bay, Central, and Tsim Sha Tsui. The best way to get cash away from home is from an ATM automated teller machine. There are ATMs throughout Hong Kong, making a credit or debit card the most convenient way to obtain cash since it eliminates the hassle of exchanging money only during banking hours.

Be sure you know your four-digit personal identification number PIN and daily withdrawal limit before you depart.

Note: Remember that many banks impose a fee every time you use a card at another bank's ATM, and that fee can be higher for international transactions than for domestic ones. In addition, the bank from which you withdraw cash may charge its own fee. For international withdrawal fees, ask your bank. Credit cards are a safe way to carry money, provide a convenient record of all your expenses, and generally offer relatively good exchange rates.

Beware of hidden credit card fees while traveling. Check with your credit or debit card issuer to see what fees, if any, will be charged for overseas transactions. Recent reform legislation in the U. But many banks have responded by increasing fees in other areas, including fees for customers who use credit and debit cards while out of the country -- even if those charges were made in U.

Non-Application The above declaration and disclosure requirements do not apply to transit passengers at the Hong Kong International Airport who do not pass through immigration control at any specified control point while in Hong Kong.

Currency and Bearer Negotiable Instruments. Opens a new window. Last revision date: 01 Sep