A draft is a public check. Many banks and public/private institutions issue bills of exchange. China Bank, Bank of Communications, Industrial and Commercial Bank and China Merchants Bank are generally used in China. Bank of China is recommended, which can be used in many countries around the world. You can call the bank specifically.

Pay tuition for studying in the United States:

1. Money order, please pay attention. You'd better check with the school and bring it to the school. You can also pay application fees and various deposits in this way.

It is mainly used to pay tuition fees, and it is also the safest and most economical way to carry large sums of money. For example, you can go to the Bank of China and draw a draft for the school, the amount of which is exactly equal to the tuition fee, so as to pay the tuition fee. Because the payee wrote the name of the school, even if the manuscript is lost, there will be no economic loss. For banks that take them to the United States for cash or collection, they can open accounts directly with bills of exchange, which is relatively safe.

2, wire transfer, you need to find the school to get the account number and SWIFTCODE. Or Peertransfer, similar to third-party payment.

First, ask for an account number of an American bank, which is generally one of the ways to pay tuition fees; Or some schools will help students open bank accounts in advance, so that they can remit money to their own accounts. The handling fee is more expensive than air ticket remittance. The advantage is that it is fast, and it can usually arrive on the second working day.

3. Credit card

Credit cards can only be used for consumption, and the withdrawal fee is high, which is extremely uneconomical. Moreover, it is inconvenient to use a domestic credit card when studying in the United States for a long time, and it is only used as a temporary emergency. And tuition fees are generally relatively large. If you pay tuition by credit card, it also involves the credit limit of credit card, which may not be covered. The handling fee for paying tuition by credit card is very high.

4. Cash, cash

According to the relevant regulations of China Customs, it is necessary to declare and pay a certain fee for carrying more than $5,000 in cash. The total amount carried is equivalent to 5000.

Above USD, you must apply to the bank for an exit permit with foreign exchange, and the amount shall not exceed the equivalent of USD 65,438+0,000.