Forced HKD to USD Currency Conversion by Citibank ATM at HKG Airport


Just arrived to Hong Kong earlier yesterday. I needed to get some cash to buy a local SIM card. It is often a “battle” to find a normal ATM at the airport that doesn’t charge excessive fees for withdrawing money, or try to force you to a currency conversion done by the ATM owner. I wrote about my troubles with the Travelex ATM’s in London Heathrow and the often forced DCC’s (Dynamic Currency Conversion) in China.


So, when I got to the City ATM at the airport, and tried to withdraw money, I was sure that Citi was trying to give me a ride. I was going to withdraw money from a THB nominated account in Hong Kong. The ATM, however, showed a currency conversion from HKG to USD instead.


At this point, I was sure that Citi was trying to screw me on the foreign exchange, but it wasn’t actually the case. I run the exchange on and it was within 4 cents that the Citi’s ATM quoted. To be frank, I was really surprised by this. I still believe that they do make money by doing the HKG to USD exchange.


If you enjoyed this article, get our blog updates for free!

Previous articleHilton The Great Getaway Sale 2012
Next articleBangkok Airways FlyerBonus 50% off Award Sale