Like Tree19Likes

Emptied out ATMs across HK

Reply
Page 1 of 3 1 2 3 LastLast
  1. #1

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    48,121

    Emptied out ATMs across HK

    Noticing that quite a few ATM machines have been emptied out at various locations around town.

    The only thing I can think of is mainland tourists aggressively withdrawing HKD ..

    Has anyone else tried to withdraw cash over the last couple of days?

    hongkongmusic and hin23leung like this.

  2. #2

    But it's not a holiday in the mainland. More likely it's locals panicking about a four day weekend.

    newhkpr likes this.

  3. #3

    Join Date
    Feb 2009
    Posts
    8,292

    Same thing in Australia this weekend as the main cash delivery company Armaguard is on the verge of going broke because everything is cashless these days. US billionaire Lindsay Fox just injected $10m in the business on Thursday to keep supermarkets and ATM machines stocked over Easter.

    https://www.reuters.com/business/aus...al-2024-03-28/

    shri likes this.

  4. #4

    Join Date
    Dec 2014
    Location
    Hong Kong
    Posts
    361

    It is Easter vacation, everyone is on leave.


  5. #5

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    48,121
    Quote Originally Posted by paddylast:
    But it's not a holiday in the mainland. More likely it's locals panicking about a four day weekend.
    Quote Originally Posted by james_hklocal:
    It is Easter vacation, everyone is on leave.
    I don't think it's a panic as such.. not the first time HK has seen a long weekend. Thought it was something unusual with withdrawals by mainlanders but the reality might be much simoler as you guys mention.. m
    newhkpr likes this.

  6. #6

    Join Date
    Feb 2016
    Location
    Faroe Islands
    Posts
    2,212

    Almost 1 million HKies left HK over the last 2 days. Assume they would be withdrawing $$$ for currency exchange...

    hongkongmusic likes this.

  7. #7

    Join Date
    Jan 2010
    Posts
    6,455
    Quote Originally Posted by Cheeky Kiwi:
    Almost 1 million HKies left HK over the last 2 days. Assume they would be withdrawing $$$ for currency exchange...
    They never heard of credit cards?

  8. #8

    Join Date
    Oct 2017
    Posts
    149
    Quote Originally Posted by mrgoodkat:
    They never heard of credit cards?
    u must not know chinese people. cash is still king (unless it's QR code in China).
    angeluscomplex likes this.

  9. #9

    Join Date
    Dec 2002
    Location
    薄扶林
    Posts
    48,121
    Quote Originally Posted by bobly:
    u must not know chinese people. cash is still king (unless it's QR code in China).
    That's the thing.. QR codes and credit card rewards. I regularly see younger folks scroll through 50 different cards in their wallets.

    And going to money changers? Have the 90s been calling?!
    rkenia852 likes this.

  10. #10

    Join Date
    Feb 2016
    Location
    Faroe Islands
    Posts
    2,212

    According to the HSI, yes

    shri likes this.

Reply
Page 1 of 3 1 2 3 LastLast