What is the local currency?
MOP – Macau Patacas
What denominations does it come in?
There are bank notes and coins in the following denominations:
Coins: 10, 20 and 50 avos; 1, 2, 5 and 10 Patacas.
Bank notes: 10, 20, 50, 100, 500 and 1000 Patacas.
What is the best way to exchange currency?
Foreign currency or travelers’ cheques can be changed in hotels, banks and authorized exchange dealers located throughout the city. If the visitor needs to change money outside the usual banking hours, there are 24-hour exchange counters operating in the Macau International Airport (Taipa Island) and in the Lisboa Hotel (Macau).
What are commonly-used forms of payment for everyday purchases (such as groceries)?
Cash is most commonly used.
Will I be able to use my credit card around town? If not, list when I’ll need cash.
Yes, in most shops and supermarkets. For minor groceries, cash is more acceptable.
By what method are bills (such as rent and utilities) paid?
By cash or by check.
What are the requirements for opening a bank account? At what stage of the settling-in process should I open it?
The initial stage of the settling-in process involves leasing a house first, then opening a bank account with a passport.
Will foreign residents be able to find banking services in their native languages?
Banking services are available in both English and Chinese languages.
Are there any restrictions on services for those who are new to your country?
What are typical banking hours?
Typical banking hours are 9:00am - 5:45pm, Monday to Friday.
Are automatic teller machines (ATMs) available around the clock?
Is there any other money information that might help me?
Apart from paying by cash, there is a marketing effort to encourage consumers to use credit cards.
These cards can carry substantial discounts at restaurants and shopping centers, so these offers may be worthwhile to investigate.
Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.