How can I avoid the 60 RMB commission at Pudong Airport exchange?

score:6

Accepted answer

The post you link to says about exchanging money right after hotels:

[...] Mostly people will go to banks. Remember to take your passport, which need to be presented when converting currency in the country. [...]

On another page of the same site I find bank branches listed in Pudong airport:

For your banking convenience, banks are located in the following areas:

  • Pudong Development Bank: between Gate 10 and Gate 12 in International Arrivals area
  • Bank of China: between Gate 15 and Gate 16in International Departures area
  • Industrial & Commercial Bank of China: between Gate 12 and Gate 14 in International Departures area
  • China Citic Bank: between Gate 4 and Gate 5 in Domestic Departures area

And Pudong airport has an even larger list on their site.

However I have no idea if these exchange services and banks are the ones you refer to with the 60RMB fee. I have never personally used their services.

Upvote:2

If you don't like to pay the eye-whooping transaction fee, it might be better, if not the best, to exchange it at the local bank once you gets to the city.

And in case you must have some money before getting to the bank, you shall exchange a small amount of your cash at the departure airport. This is likely to make you exchange at a bad rate, but still, it is better than the huge exorbitant transaction cost. Especially in China, you cannot use a credit card to take a taxi.

I got through my second trip to Shanghai in this way.

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