Are There Banks in Chongqing That Support Foreign Currency Exchange? Planning a trip to Chongqing and wondering where to exchange your foreign currency? Luckily, Chongqing offers several convenient options for exchanging money, ensuring you can start exploring this dynamic city without hassle. Major state-owned banks like Bank of China (BOC), China Construction Bank (CCB), and Industrial and Commercial Bank of China (ICBC) have branches that support foreign currency exchange. These banks are scattered across the city, with high concentrations in business districts like Jiefangbei and Yu中 District. Most branches offer competitive rates and accept popular currencies such as USD, EUR, JPY, and GBP. However, smaller or rural branches might have limited services, so it’s smart to stick to main branches or check ahead via bank websites or apps.
Do Local ATMs Accept Foreign Cards for Withdrawals?
If you prefer using ATMs, Chongqing’s banking infrastructure is fairly accommodating. Most ATMs in downtown areas, hotels, and international airports accept foreign debit/credit cards (e.g., Visa, MasterCard). However, be aware of potential fees: your home bank may charge a foreign transaction fee, and local ATMs could add an additional ¥10–¥30 per withdrawal. To avoid surprises, prioritize ATMs linked to major banks like BOC or CCB. For example, the BOC ATM at Chongqing Jiangbei Airport (T2N) offers multi-currency withdrawals and clear fee disclosures. Always verify your card’s compatibility with Chinese ATMs before arriving, as some regional banks may not support foreign cards.
Where Are the Best Places to Exchange Money in Chongqing?
Beyond banks, Chongqing has specialized foreign exchange bureaus and hotel exchange services. The Chongqing International Expo Center and luxury hotels like the Sofitel Chongqing often have counters for quick exchanges, though rates might be less favorable than banks. For convenience, WaiMai (a popular expat service) lists authorized exchange points near tourist hubs like Hongya Cave and the Yangtze River cableway. A tip: Avoid random street vendors offering currency swaps—stick to licensed locations to prevent scams.
What About Exchanging Money at Chongqing’s Airports?
Chongqing’s two main airports—Jiangbei International Airport (CKG) and the smaller Chaozhou Urban Airport—have exchange counters in arrival halls. While these are ultra-convenient for late arrivals, airport rates tend to be higher than downtown banks. For example, as of 2023, airports might offer ¥6.8–¥7.0 RMB per USD, versus ¥6.7–¥6.9 at BOC branches. If you’re staying near the airport, use it for small emergency exchanges, but plan to visit a bank or ATM in the city for larger amounts.
How Can You Get the Best Rates in Chongqing?
To maximize your RMB value, compare rates using tools like XE.com or the BOC mobile app. Banks often post live rates online. For example:
| Bank/Location | USD to RMB Rate (Oct 2023) | Additional Fees |
|---|---|---|
| BOC Jiefangbei Branch | 1:6.75 | None |
| Airport Exchange Office | 1:6.90 | ¥10 service charge |
| Hotel Exchange (Sofitel) | 1:6.85 | 5% commission |
Timing also matters: Exchange during weekdays for better rates, as weekends or holidays may see reduced availability. Finally, withdraw larger sums at ATMs to minimize repeated fees—just keep your card secure!
Pro Tip: Always carry a small emergency stash of RMB (¥200–¥500) for immediate needs, especially if arriving late. Chongqing’s public transport and markets often favor cash, though mobile payments (WeChat/Alipay) are widely used. Happy exploring in the “Mountain City”!