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Thread: Changing money at Shanghai airport rip off
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Old Mar 24, 2010 | 2:03 pm
  #26  
ckjmglee
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Originally Posted by ckjmglee
My bank, Wells Fargo, charges $5 for any ATM transaction outside the US. Do the ATM's in China also charge a fee for using the ATM?
Oops, it's even worse than I thought... I called Wells Fargo and they told me that its $5 plus +3% of the transaction to use a non US ATM (plus any fees from the owner of the Chinese ATM -1%?). Using the ATM for a 2,000RMB withdraw will mean about fees totaling 115RMB...

Seems like the best bet might be to pay the 50RMB fee in the terminal to exchange USD to RMB so that we can pay the taxi driver...

Or am I missing something?
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