Banks

Major banks are open from 9am to 4:30pm Monday to Friday, and 9am to 12:30pm on Saturday. They close on Sundays and public holidays. Some banks and branches are open slightly longer hours. Some banking services are not available an hour before closing.
Automated teller machines (ATMs) can be found almost everywhere and some HSBC "Electronic Money" machines provide 24-hour cash withdrawal (HK$) facilities for Visa and MasterCard holders. American Express cardholders have access to Jetco ATMs and can withdraw local currency and travellers' cheques at the Express Cash ATMs in town.

Currencies

Legal tender is the Hong Kong dollar (HK$). There are 100 cents in a dollar. Coins, issued by the government, are bronze-coloured for 10 cents, 20 cents and 50 cents; silver-coloured for HK$1, HK$2, and HK$5; nickel and bronze for HK$10. Notes issued by HSBC and Standard Chartered Bank have denominations of HK$10, HK$20, HK$50, HK$100, HK$500, and HK$1,000. The Bank of China issues all of the denominations except HK$10.

Since the mid-1980s, the value of the Hong Kong dollar has been pegged at HK$7.8 to the US dollar, and consequent rates of exchange to other currencies. However, the market rate exchange to the US dollar fluctuates marginally. Banks and money changers charge commission. Similarly, commissions are payable in hotels and major retail outlets which provide exchange facilities for their customers. As elsewhere, the rates of exchange for cash and travellers' cheques are marginally different and coins are not exchangeable.

The display of net rates of exchange by money changers is a legal obligation. Visitors are advised to check them - and also the amount of any additional commission payable for the exchange of travellers' cheques - before handing over the money for exchange. Receipt notes must be issued by law. There are no restrictions on currencies being brought in or taken out of Hong Kong.

(Extracted from Hong Kong Tourism Board http://www.discoverhongkong.com/eng as at March 2007)