So, I will be working in HK for 4 months this summer at an internship. I was just wondering about the logistics of banking/credit cards/money management for a temporary stay.
1. Which bank(s) would you recommend for someone who needs an account without any minimum deposit? Especially upon opening the account, because I don't get paid until the end of the month, so I won't have much cash on me.
2. How feasible is it to operate purely on cash in HK? I don't think I will qualify for a credit card. If I'm going this route, which bank has the most ATMs that are most easily accessed? I'd also be looking for banks with no ATM fees if possible in this case.
3. Extremely dumb question - but what are some reasonable denominations to carry when shopping, let's say buying a relatively cheap meal or two? Obviously, if I'm in the US, I wouldn't go into a McDonald's and pay for a meal with $100USD. What about in HK? Should I be mostly carrying $100HKD bills? $500HKD bills?
4. If I'm buying bigger ticket items, what are the HK policies for accepting personal checks? I know in the US they require two forms of ID when writing a check. (And while I'm on this topic, most banks issue a personal checkbook, right?)
5. Would I need to pay HK taxes if I'm only here on a temporary work visa and am considered a resident of the US?
6. Final Question! I plan to transfer all the money in my account to my US bank account when I leave. Should I close my account too when I do that? Should I wait for the transfer to be completed before closing it? Or can I leave an empty account open in case I come back in the future?
Sorry for the huge array of questions. I've never even visited Hong Kong before, let alone worked there, so I have no idea what to expect or how things are done there. Thanks in advance for any help or advice offered here!