4.Financial Services

1Currency exchange

There are many bank branches offering foreign currency exchange service inChongqing, and we strongly recommend that you do not exchange money with any institutions or individuals unauthorized by the government to avoid fraud. A branch of Bank of China at Sigongli(opposite to the university gate) is the closest place for foreign currency exchange, with about 10 minutes’ walk from CTBU. If you need to make a large amount of exchange, you are suggested to go to Bank of China Nan’an District Branch at 29,West Rd, Nanping, Nan’an District.

 

2Bank card

Cards issued by many international credit-card institutions can be used on the ATM machine inChina. VISA and MasterCard are the most common ones while others (such as AmericanExpress/Diners/Discovery/JCB, etc.) are seldom used.

If you need to withdraw large sum of cash, you have to go to Bank of China Chongqing Head Office at Guanyinyan. Cards can be used for payments in most big stores, supermarkets and other places for consumption. Therefore, we suggest that you apply for a local card after arrival inChinaso as to save unnecessary charges arisen from withdrawals. However, the groceries on the campus only receive cash.

 

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