The handling fee for using China Merchants Bank’s cards to withdraw money from Hong Kong ATMs is 0.5%, with a minimum of 10 yuan. As far as I know, it is the lowest among all banks. (The handling fee of China Merchants Bank for withdrawals from other places in the mainland is also 0.5%.)

Daily withdrawals cannot exceed the equivalent of 5,000 RMB in Hong Kong dollars.

To change banknotes in Hong Kong, it is recommended to go to an exchange shop instead of a bank, let alone HSBC. Non-HSBC customers will be charged a handling fee of RMB 50. And HSBC’s exchange rate is very unfavorable. Money change shops, also called money exchange shops, have relatively good exchange rates. The exchange rate for 10,000 yuan is generally 30-50 yuan more than at banks. Of course, you can’t go to money change shops in places like Hong Kong Airport and Hung Hom Railway Station, as the exchange rates are super rip-offs. There are more exchange shops in tourist areas such as peak season, Wan Chai, and Causeway Bay, and they are more reasonable. Just choose one after shopping around. Sheung Wan is the place with the most exchange shops and the best exchange rates.

When shopping in shopping malls, just swipe your UnionPay card directly, and there is no handling fee.