Current location - Loan Platform Complete Network - Foreign exchange account opening - Australia is now under lockdown and cannot go to the local area. The school gives several payment methods. Does anyone have any advantages and disadvantages?
Australia is now under lockdown and cannot go to the local area. The school gives several payment methods. Does anyone have any advantages and disadvantages?
I am a graduate student at the University of Sydney this year. Because of Australia's policy towards international students, I am currently studying at zoom University in China (sigh). In fact, most of the transfer methods for studying abroad are very different, just like credit cards, checks or wire transfers in the past, and so are Australia, so the payment method given by official website is the most reliable according to the specific situation ~ Some schools will let you send checks to them, some schools can pay online with credit cards, some accept foreign bank transfers, and some don't, but few schools accept cash directly ~

First of all, you should look at the payment method stipulated in your CoE, and then look at the deadline. If you have arrived in Australia before deadline, bring cash and checks, open your own account there, and then transfer money to the school, but be careful not to bring too much cash on the plane ~

Australian dollar telegram:

The handling fee can be consulted by telephone with Bank of China, which seems to be 1% of the remittance amount. Foreign banks receive overseas wire transfers, and the handling fee is about 10-20 Australian dollars. You need to provide Australian bank name, BSB number, account number, Australian account name and SWIFT number, and the time is about 1 week, which is low risk.

Australian dollar cheque:

Similarly, the handling fee was asked by the Bank of China. The payee writes the account name in Australia on the cheque. After the cheque is sent, it can be deposited in the account of the payee's bank, and the Australian bank is free of handling fees. It needs to be mailed, and it is better to send an international receipt letter, which is safer.

Credit card, take the domestic card, fill in the card number, cardholder's name and expiration date in the designated place, open the card-free payment, and send it to the school, and the school can deduct the money.

Third-party payment:

Besides these traditional payment methods, there are also some third parties. There are a lot of miscellaneous things in the market, and there are only a few big ones. It depends on your own choice. The advantages of these tools are obvious, almost simple to operate, with few procedures and fast receipt. What should be carefully compared is safety and price. When I was studying in Western Australia, I used Feihui. Because it cooperated with our school, it was particularly conspicuous on the official website page. There is a payment option on the first page. After I use it, I can understand why the school does this, because once I accept the remittance fee, I can set it up simply and quickly, and I don't want to use wire transfer or credit card to pay! The most exciting thing is that you can pay directly with Alipay and domestic bank cards, and you can automatically exchange foreign exchange, which can be in line with the exchange rate set by the bank (you need to apply for "preferential price protection" separately), so the price is actually very reasonable.