exchange at Beijing airport
May 9, 2015, 3:14 am
#16
Join Date: Feb 2013
Location: China and Canada
Posts: 1,886
You need your passport and many but not all bank can do this in the center of the city. Waiting time at the bank can be long so I prefer the airport for the small difference in pricing.
I heard about these machines too but never saw one.
I heard about these machines too but never saw one.
May 9, 2015, 3:40 am
#17
A FlyerTalk Posting Legend
Join Date: Dec 2000
Location: Shanghai
Posts: 42,037
The machines are the way to go for smallish exchanges.
May 18, 2015, 6:56 am
#19
Join Date: Dec 2007
Location: PEK and BOS
Programs: BA - Blue
Posts: 4,531
I did a site search on beijingholiday because I was curious to read about the "fake 100 from the ATM", but couldn't find it. And, your LP quote makes absolutely no mention of banks distributing fake money (so is of ZERO relevance to this topic).
As for your question, here's a question in return for you: if 10 stones each weigh 10 pounds, which stone is the heaviest?
As for your question, here's a question in return for you: if 10 stones each weigh 10 pounds, which stone is the heaviest?
Re: fakes from an ATM, my understanding is that unlike western ATMs that take deposits and give withdrawals, where the two transactions are completely separate, in a Chinese ATM, the cash for withdrawal draws upon recently deposited notes. In which case, one could end up with fakes. I've heard it's best to withdraw from machines that don't take deposit, but I have withdrawn hundreds of thousands in cash and not had any problem.
tb
May 21, 2015, 9:18 am
#20
Join Date: May 2009
Location: Washington, DC
Programs: UA 1K 1MM, AA, DL
Posts: 7,418
Of course, your bank may charge a fee for withdrawals from a "foreign" ATM.
May 26, 2015, 6:47 am
#21
Join Date: Apr 2009
Location: HKG
Posts: 1,315
Re: fakes from an ATM, my understanding is that unlike western ATMs that take deposits and give withdrawals, where the two transactions are completely separate, in a Chinese ATM, the cash for withdrawal draws upon recently deposited notes. In which case, one could end up with fakes. I've heard it's best to withdraw from machines that don't take deposit, but I have withdrawn hundreds of thousands in cash and not had any problem.
Basically the trick is to do a withdrawal, take the notes out, then quickly put fake notes back in. The machine will think that you didn't take your money and take them all back.
May 26, 2015, 10:21 pm
#22
Join Date: Sep 2013
Location: IAH
Programs: Marriott Plat, Hyatt Globalist, DL Plat, UA Silver
Posts: 4,043
Actually I have heard of a case where someone put fake bills into a withdrawal only machine. However, I do not think that it is possible for it to be withdrawn by the next person.
Basically the trick is to do a withdrawal, take the notes out, then quickly put fake notes back in. The machine will think that you didn't take your money and take them all back.
Basically the trick is to do a withdrawal, take the notes out, then quickly put fake notes back in. The machine will think that you didn't take your money and take them all back.