Originally Posted by mnredfox

Banks & Exchanging Money

Obtaining/Exchanging RMB Cash:

2. ATM. Many travelers feel that using ATM’s is the safest and best option to obtain cash. Presently, Chinese banks do not charge ATM fees though your home bank might. Obtaining cash via ATM’s offer some of the best exchange rates, and convenience is undeniable. Few other tips:

• ATMs are abundant in China although some smaller branches (even of major banks) may not work despite logo’s indicating otherwise. Smaller cities may not have ATM’s or may not work with your card, so plan ahead and stock up on cash in a larger city.
• Make sure your card is in good shape. It is often wise to bring two cards, with one being a backup. ATM’s accept both four and six digit PINs.
• Your home country bank may have an agreement with a local bank, so it may be worth a phone call to avoid additional fees.
• Using an ATM inside/adjacent a bank branch is advisable in case you have issues using the ATM. It is easier to work with someone live rather than dealing with an after-hours service in Chinese.
• Cash withdrawal limits are typically 2000 or 2500 RMB per transaction. This is a limit imposed by Chinese banks for ATM withdrawals. However, you can simply perform numerous consecutive transactions at a time up to your bank’s limit (no need to retrieve and then re-inset your card.