Australian Banks/Funds in HK?

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  1. #1

    Australian Banks/Funds in HK?

    I have been looking at various savings accounts for my trip to Hong Kong. I am currently with the Commonwealth Bank in Australia. They charge Au$5 for every cash withdrawal from an ATM. I really don't want to be stung with this charge every time I need cash, so I have been looking at other banks.

    All the other banks I have looked at have pretty much the same charge... Even an HSBC account charges AU$4.50 per withdrawal.

    I also dont want to transfer all my money into another currency, incase of future unfavourable exchange rates.

    Pretty much im just wondering if theres any way you can withdraw from an Australian savings account without big charges? What are the best options?


  2. #2

    Join Date
    Jun 2005
    Location
    Hong Kong
    Posts
    23,205

    It depends what you are planning to do, but you really only need cash for taxis and MTR/bus/Octopus. Everything elese can be done by credit/debit card. So I would just get one load of cash to cover your trip, and put everything else on th eplastic. One A$5 fee is not worth worrying about.