Payment Methods for Foreigners in China

Here is a comprehensive guide to payment methods for foreigners in China and how to open a local bank account, based on official information.

The People’s Bank of China (PBOC) has outlined several convenient payment options for foreigners arriving in China. There are five main choices:

1. Mobile payment

Highly convenient for daily use (shopping, dining, transport).

Three steps to get mobile payment working in China:

1. Download apps like Alipay or WeChat Pay.
2. Register with a phone number.
3. Link an international card.

Key points on mobile payment

• Linking foreign cards: Both Alipay and WeChat Pay support linking major international credit cards like Visa, Mastercard, JCB, Diners Club, and Discover.
• Fees and limits: For transactions above 200 RMB, a service fee of about 3% may apply. There are also transaction and annual spending limits.
• Using overseas e-wallets: Travelers from specific regions like Singapore, Malaysia, Thailand, South Korea, and Mongolia may use their local e-wallets (e.g., Touch ‘n Go eWallet, Kakao Pay) to scan Alipay QR codes directly without downloading a new app.

2. Bank card

Use existing international cards (Visa, Mastercard, UnionPay) at supported merchants.

Look for the card’s logo at the merchant. UnionPay cards have the widest acceptance.

3. Cash

Universal acceptance, especially useful in small shops, taxis, buses, or markets.

You can withdraw RMB from ATMs or exchange foreign currency at banks, airports, or exchange facilities.

4. Bank account

Ideal for long-term stays; enables full mobile payment features and financial services.

Open an account at a local bank (see the next section for the detailed procedure).

5. Digital RMB

An emerging digital currency option, currently in pilot phase.

🏦 How to open a bank account in China

For long-term residents, opening a local bank account is highly recommended as it seamlessly integrates with the mobile payment ecosystem.

The general process is as follows:

1. Choose a bank: Major banks like the Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC), and China Construction Bank (CCB) offer account services to foreigners.
2. Prepare required documents. Typically, you will need to bring:
   • A valid passport.
   • A valid Chinese visa or residence permit.
   • A Chinese mobile phone number (usually required).
   • Some banks may request additional documents like an employment contract or housing registration. It’s best to confirm specific requirements with your chosen bank in advance.
3. Visit a bank branch: You must apply in person. Bank staff will assist you in filling out the application forms and verify your identity.
4. Complete the process: After reviewing and signing the relevant agreements, you will make an initial deposit (the minimum amount varies by bank) and receive your debit card. Remember to set or change your PIN at an ATM afterward.

💡 Practical tips for a smooth experience

• A combined approach: For short trips, rely on mobile payment (with a linked foreign card), your international card, and some cash. For long-term stays, opening a local bank account is the best strategy.
• Transaction limits: Be aware of the single-transaction and annual spending limits when using international cards with mobile payment apps.
• Keep your card secure: Always safeguard your bank cards and report any loss immediately.

I hope this guide helps you navigate payments in China smoothly. For more specific details on bank services in a particular city, checking the bank’s official website or contacting a local branch directly is always a good idea.

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