Travellers Cheques

Replies: 7 - Last Post: 17-Apr-2007 01:54 Last Post By: chrisj

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rob18

16-Apr-2007 02:27
Posts: 156

Travellers Cheques

Quick question on Travellers Cheques - do the major places accept UK Sterling TC's or should i just bring them all in dollars (id lose out on exchange rate), also will all the major banks accept TC's?

Also when going from China to Hong Kong where should i change money? - Should i do it before i get to HK (to the train/bus station) and is it possible to exchange my UK pounds into HK dollars - same question about Macau - can i change UK pounds into Macau currency.

When in Beijing is it possible to exchange any Yuan or UK pounds into Mongolian Tugrik as i cant get this currency here?
thanx!!

phbriggs

16-Apr-2007 03:13
Posts: 572

OP, if you are from the UK, take pounds.

In China most banks and FEX counters have similar rates. Usually TCs have a small charge for exchange, cash has none.

If you feel comfortable carrying cash, cash (pounds) is usually better than TCs.

If there is no food, isn't that food for thought?
And if you are bored and want to know more about our Chinese teaching experience, there is our website to read.

rob18

16-Apr-2007 04:38
Posts: 156

i will be going for a long time so dont feel safe carrying too much cash hence i think i will get some TC's (anyone know if sterling are as easy to change as dollar TC's) - i will also take a debit card but its got a high transaction fee (couldnt get the nationwide one as they mucked up my application and i only realised till too late:/)

rob18

16-Apr-2007 12:57
Posts: 156

by the way - anyone tried changing the new 20 pound notes in China - will they accept them or will beaurcracy not allow to accept them? thank you

phbriggs

16-Apr-2007 21:04
Posts: 572

20 pound notes can be changed - as long as they are not ripped or in poor condition.

If there is no food, isn't that food for thought?
And if you are bored and want to know more about our Chinese teaching experience, there is our website to read.

manulike

16-Apr-2007 23:45
Posts: 313

Hi Rob,
No worries at all about UK TCs. I use American Express, but any other will do the trick to.
Macau and Hong kong dollars are interchangable. As the Chinese Yuan is quite a hard currency and is actually worth a tad more than the HK/Macau dollars now - any traders at the border will gladly change Yuan to either one for you, for free.
Enjoy your trip

any gay lads in Cardiff or South WALES

chrisj

17-Apr-2007 01:49
Posts: 5,875

Take an atm card, as well as Amex TC, & Cash, The 3 different forms are good backups to each other. eg if there's a power failure, atms won't work. If your card is lost/ stolem/ damaged, you can scrape by on Travellers Cheques. Use a concealed money belt too.

............. III\\//III
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chrisj

17-Apr-2007 01:54
Posts: 5,875

ps: Some banks in smaller towns don't accept TC, but almost every town in China has a "Bank of China" that accepts atm cards with visa, cirrus, or mastercard logos.

............. III\\//III
........... o @@ o
----- o00o-(_)-o00o-----

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