First, wire transfer

For overseas students, if they want to pay their tuition with a designated account or a specific currency, most people prefer telegraphic transfer. First, because the international wire transfer business started earlier and people are quite familiar with it, many banks can handle it; Secondly, the speed of international wire transfer is relatively fast. Generally, you can reach an overseas account within one week, and the cost is not high.

Especially at present, many overseas schools require international students to pay tuition fees by telegraphic transfer. Students studying abroad must know the payee's name and address, payee's account number, payee's bank name and address and other information. When remitting money, the charges for wire transfers in the same city will be different for the same amount, which is caused by the transfer fee between banks. So choosing the right remittance route is also an important condition to save money.

However, banks have different regulations on handling fees, and parents have to pay a certain telecom fee. If it is cash remittance, the difference between cash and remittance needs to be paid according to the exchange rate of the day.

Second, the draft

Bill remittance means that parents go to the bank to handle a foreign exchange promissory note, which is taken abroad by mail and paid by their children in overseas banks. If bill remittance is selected, the remitter should provide the correct name and address of the payee, but don't forget to leave the contact address in the bank so as to contact in time when there is any problem with remittance.

Compared with telegraphic transfer, remittance by draft is slower, but it can save a telecommunication fee. However, if the bill is not taken out of the country by myself and needs to be mailed, it will lead to mailing costs and risks. Remittance handling fee reference table 1 telegraphic transfer business charges, regardless of telecom charges.

Third, send money immediately

Sometimes some emergencies may require parents to handle emergency remittance. At this time, the ordinary telegraphic transfer method will become far away and cannot put out the nearby fire. At this time, parents can choose instant remittance services such as "Western Union Remittance" or "Quick Money Transfer".

Western Union has agents in China Agricultural Bank and China Post. Western Union remittance can reach the payee from the sender in a few minutes. You can pay at any time without opening an account, and the payee does not have to pay a handling fee. The moneygram business is represented by ICBC, and the remittance currency includes all foreign currencies represented by ICBC. Remittances to overseas countries through MoneyMoney range from 1 USD to 1 000 USD per day, and are charged in stages according to the remittance amount, with a maximum charge of $30.

Four. International debit card

For overseas students, international debit cards are versatile and secure, which can avoid the trouble of carrying cash. Compared with ordinary remittance, international debit card remittance is cheaper and faster. Nowadays, general international debit cards have the functions of main card and auxiliary card. Students studying abroad only need to bring a supplementary card, and parents can use the main card to handle deposit business in branches of domestic banks at any time (deposit is free of charge), which is convenient and fast.

Children only need to pay a small fee to withdraw money from ATMs abroad. However, the international debit cards of general banks are mainly US dollar cards, and it is necessary to pay exchange fees to withdraw the currency of the current country from ATMs outside the US dollar zone.

Verb (abbreviation for verb) international credit card

In foreign countries, credit cards are relatively mature, from shopping malls to convenience stores. Therefore, it is also a good choice to use international credit cards for studying abroad, and there is no need to pay handling fees for using international credit cards in foreign merchants. If necessary, you can also use an international credit card to withdraw cash from foreign ATMs (there is a handling fee for withdrawing cash with a credit card). When handling the main card and the auxiliary card, parents can set the overdraft limit of the main card and the auxiliary card respectively, which can limit the child's fund penetration limit.

At present, there are international credit card services such as euro and Japanese yen in China, so you should choose different international credit cards to study in different countries. For example, in the past, when spending in the euro zone, the US dollar card was used and the US dollar was used as the basic conversion currency. When using RMB to repay credit card overdraft, it needs the conversion process of euro, US dollar and RMB, while using euro card only needs to directly convert from euro to RMB, saving a sum of foreign exchange and the next expense.

How to pay tuition for studying abroad is more cost-effective

There are many ways to pay tuition fees, the most common ones are: telegraphic transfer, credit card, traveler's checks and other third-party payment platforms. Today and tomorrow, we will learn about the advantages and disadvantages of various payment methods:

Third-party payment platform

1, domestic: Yi Sihui.

This is a new payment platform developed by a startup company invested by Yuhe, which is similar to Alipay and serves as a bridge between international students and American universities. It is supervised by Minsheng Bank. Under the premise of ensuring the safety of funds, the cost will be greatly reduced. The handling fee is about 80+, which avoids all kinds of complicated bank procedures and arrives within 48 hours.

It is really special! Shit! Suitable! It is the preferred payment method recommended by Bailey and major universities in the United States.

Most importantly, as a local APP, it is explained in Chinese, and the customer service voice is sweet, so don't worry about the wrong operation and the wrong money! Please ask Baidu for the specific process ~

2. Abroad: Flywire and PeerTransfer.

Xiao Kan recently came into contact with these two payment methods.

Flywire can provide online payment, claiming that there is no handling fee, but the exchange rate is too high.

Comparatively speaking, PeerTransfer is more humane. Provide payment services for international students, which can be paid in US dollars or RMB, and also support Alipay. The most important thing is that the email it sends is in Chinese, so don't worry about not understanding it at all. As for the handling fee, it will be more favorable than Flywire, but it is not low.

So how to choose? Depending on the requirements of the school, if both are acceptable, it will be better to choose the latter as far as possible. For example, new york University cooperates with Flywire.

credit card

This is the most local way, and it is also the way many students choose at the beginning of studying abroad. Of course, it is used less now.

What are its advantages? That is "quick"! Arrive immediately! If your tuition must be paid immediately, if you are a real local tyrant, then there is no doubt that this method is the most suitable for you.

But in the eyes of the middle class, the tuition fee of 3-8w, plus the handling fee of 2%-3%, is a thorn in the flesh; In the eyes of local tyrants, it is completely a small case.

So, if you are a local tyrant, please feel free to choose a credit card boldly; If you feel that the handling fee is not good, please bypass other channels and save a lot of money!

International remittance

This is the most common payment method for our students in China. You can go to the bank to consult the information you need first, then contact the school to get the relevant information, and then everything will be done.

Now the warehouse director will come to Amway to discuss the common necessary information: the bank information of the school, the international code of the bank, the remittance route number, the student number and so on. You need to go to the bank for consultation, queue up, get the number and fill out the money order yourself. Of course, there is a handling fee for this method, which is generally 0.65438+ 0% of the remittance amount. Of course, there is an upper limit. Please consult the bank for details.

draft

Students studying in Bailey before paid the application fee by draft. Yes, you are right, it is the application fee, so you are still familiar with the way of the draft.

A draft is to deposit money in the bank first and then go to America. Bank of America checks the information according to the draft, and then it can withdraw money from the bank. Relatively convenient, but a bit "old-fashioned" ~ you need the detailed name and specific amount of the school. You can do it directly at the bank, but remember that the payee must write the name of the school, so that even if you accidentally lose it, others will not get it.

cash

I really don't know what to say about this. Such a big pile of money. Let's not talk about customs issues, just talk about safety. It is estimated that there are not many candidates! It is irrational to think about it!

Other banking business supplements Nowadays, many banks are engaged in various businesses in order to seize resources, and the international student market is no exception. Say a few familiar ones.

Bank of China has branches in new york and Los Angeles. You can open an account directly in China and it will be approved in two or three days. Then you can pay the tuition fee directly by wire transfer (the handling fee is 50-260 RMB), which is still very cost-effective.

China Agricultural Bank also has many good businesses, such as its e-tourism service and Western Union remittance. E-travel can be handled by filling in the application form and ID card, and it can be recharged at any time. MasterCard can tip at some merchants and ATMs in 2 10 countries and around the world.

Western Union is the largest electronic remittance financial network in the world. It has cooperated with many banks, but the cooperation project with Agricultural Bank of China has the largest remittance amount. Its biggest feature is its instantaneous arrival. The operation process is also very simple. But the disadvantage is that the handling fee is high, especially for small collections. If you are interested in this business, you can ask the bank.

Studying abroad is the most cost-effective way to buy air tickets.

1. International students should plan their tickets in advance.

International students usually go abroad from July to September, which is the tourist season and the airline sales season. If you buy a ticket near the departure time, you will definitely spend more money. From May to early July, airlines will provide students with preferential air tickets. Therefore, international students try to buy tickets before August, which will be more than 30% cheaper than buying tickets before departure in September.

2. Compare prices before purchasing tickets and pay attention to route selection.

If you are traveling in Europe for a long time, you can choose to transfer from the Middle East or Hong Kong. You can transfer from Hong Kong to Australia. Different airlines, different travel websites and different ticketing platforms have different prices. International students can buy more cost-effective air tickets according to their actual needs.

3. Pay attention to the additional conditions when buying student tickets.

Generally speaking, you need to rely on relevant documents to prove that you can buy international student tickets, including admission notices from foreign universities and student visas that passengers have successfully applied for. According to the regulations of some international students' air tickets, students who purchase tickets under the age of 29 should provide copies of China international students' passports, visas or admission notices, and their immediate family members should also provide copies of their household registration books. At the same time, most flights are not allowed to sign and transfer, and there is a service charge if they are changed.

There are also restrictions when applying for extra baggage. Generally speaking, international students' air tickets in Europe and Asia-Pacific regions are specially allowed to check 30-40 kilograms of luggage for free, and some student tickets in the United States allow students to carry 1 to 3 pieces of luggage, each of which does not exceed 23 kilograms. Some airlines only offer student price concessions, not student luggage concessions. International students should know the relevant regulations in advance.