You will open an account at a bank in China once you settle down at the university. We recommend you then transfer money into this account. Your campus card is automatically linked with a bank account and serves as a debit card. CNY (RMB) is the only legal currency in mainland China. You may convert most currencies at any Bank of China branch in Shenzhen.
If you have an international credit card belonging to either the Mastercard or the Visa network, you can withdraw RMB at any ATM belonging to those networks. The transaction fee will depend your bank. There is a Bank of China ATM and Ping An Bank ATM located on campus besides Mirror Lake. The Bank of China ATM will allow you to withdraw money from foreign accounts.
