I am relocating to Shanghai over the summer for a couple of months and I am concerned about how I am going to access money whilst I am in China.
I current bank with nationwide and I have a premier account with HSBC as well. Usually when Im on holiday in Europe etc I just use my nationwide debit card to lift money from the hole in the wall as it has no fees associated with it. Also I use my nationwide select cc to pay when I can as it has no fees and it gives me a running total of what I have spent on my travels.
These cards are both VISA cards which I have been told are not widely accepted throughout China, especially the credit card. I really dont want to go and exchange loads of money before I go as I dont think its safe. I thought I could ring HSBC and ask if they can open a Chinese credit card for me to use whilst abroad which would generate a statement in Chinese yuan then pay it off with my nationwide debit.
Is this even a remote possiblility or am I barking up the wrong tree? I know HSBC can open me a Chinese bank account for free but I dont really want to be doing international bank transfers!
Thanks in advance