Best Ways To Access Money in Hong Kong

Regardless of whether you’re going to Hong Kong for business or for pleasure, no trip is complete without testing out the world famous shopping place. This means that you’ll want to have easy ways to access money in Hong Kong. But which method or card is going to work best?

To help you choose the best approach we’ve laid out the following details to help your pre-trip planning, and ultimately this should help you save time and money.


ways to access money in Hong Kong

Purchasing Hong Kong Dollars for Travel

Exchange rates and fees will vary at each bank or currency exchange outlet so it’s important to compare before you buy your travel money.

Click here to go through our currency comparison tool.


Things You Should Know About Currency Exchange

To check out our handy tips when buying currency, click here


How much money should I bring for my trip to Hong Kong?

Although there seems to be a bank or ATM on almost every block in HK, you’ll want to have some cash in the event you run into a vendor who takes cash only. So, how much should you actually bring?

You may plan to stay in a penthouse or a hostel, your travel style and habits will dictate how much it costs. But here are some basic guidelines:


DAILY BUDGET Low HK$800 Mid HK$800-1800 High $1800 >

HK$180-300 per night

Budget hotel

HK$550-1100 per night

Luxury hotel

from HK$2000 per night

Cha chaan tang (tea house) or food stall


Chinese Restaurant


Gourmet Restaurant

from HK$800

Bus, tram, ferry ticket



HK$210 (Hong Kong International Airport to Mong Kok)

Car rental

$1200 a day (Toyota Camry)

*All prices are estimated in Hong Kong Dollars


The Best Card To Use To Access Money In Hong Kong

Travel Cards

You should have no problem preloading Hong Kong Dollars onto a travel card — but be aware that if you plan to travel on to other Asian countries such as Philippines or Vietnam you likely won’t be able to load those currencies.

It’s smart to compare the costs associated with a travel card with a travel-friendly credit card — the 3 to 5% currency conversion fee on many travel cards can seriously impact your travel budget. Sometimes it makes sense, sometimes it doesn’t.


Credit Cards

There are quite a few credit cards that don’t charge a currency conversion fee. But if you need to withdraw cash the fees can hurt, and you may also be getting charged for each foreign transaction (usually around 3%).

You’ll find that both Mastercard and Visa are widely accepted across Asia, although there is generally a preference for Mastercard.  As is true in most places, American Express is not as widely accepted.


Debit Cards

You can simply use your US issued debit card while in Hong Kong for over the counter purchases and cash withdrawals. The benefit here is knowing you’re not spending what you don’t have and won’t come home to a big interest payment.

Make sure you research your ATM card thoroughly though and know what fees you will pay for currency conversion and ATM usage.

For the most up-to-date travel money advice on Hong Kong speak to one of our experts at The Currency Shop today.

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