Common questions about money as an international student in China.
Can I open a Chinese bank account?
Yes. Bring your passport, visa/residence permit, student ID (or a university letter) and a local phone number. Some branches may ask for a small initial deposit.
How do I pay day to day?
With Alipay or WeChat Pay by QR code. Link a Chinese bank card (smoothest) or an international card where supported.
How does my family send me money?
By bank wire or an international transfer service. Compare fees and exchange rates — online services are often cheaper than wires. Check that the service supports transfers to China and compare the current rate.
Are there limits on international cards?
Often yes — foreign cards may have lower limits or reduced acceptance in some apps. A Chinese bank account avoids most of this.
How much will I spend per month?
It depends on the city and your housing. Dormitory + canteen living is far cheaper than an apartment + eating out. See our cost-of-living guide.
Do I need cash?
Rarely, but keep a little as a backup — some small vendors prefer it.
Can I get a refund of tuition if I don’t enrol?
Policies differ by university. Check the university’s terms before paying.
Is it safe to use informal money changers?
No — use banks or regulated services. Informal exchanges can be illegal and risky.
Bank rules, limits and fees change. Confirm with your bank and the transfer service you use.