There are about 18 foreign banks in Beijing which have branch licenses to conduct retail banking. All transactions are conducted in foreign currency, mostly in US Dollars, as Beijing still restricts foreign banks from conducting business in RMB. Most of these banks focus on corporate banking and just a few have retail branch offices with bank tellers. For saving/checking accounts for individuals, Hong Kong and Shanghai Bank has a grand branch office in COFCO Plaza, Citibank in the Bright China Building, and ANZ Bank also in the Bright China Building. Hong Kong and Shanghai Bank has a 24-hour ATM at their branch where you may withdraw RMB from your overseas Hong Kong Shanghai Bank account. Foreign retail banks in Beijing provide service in English and bank tellers are generally more friendly, but the luxury comes with hefty fees when compared to PRC banks. All banks vary but you can expect to pay around US$20 for wire transfers, deposits, withdrawals, and buying/cashing traveler's cheques.