At present, many foreign schools require international students to pay tuition fees by telegraphic transfer. If overseas students want to wire the tuition fee, they must know the name and address of the payee, the payee's account number and the payee's bank name and address.
When you choose the remittance method, you only need to provide the correct name and address of the payee. At the same time, don't forget to leave your contact address with the bank so that the bank can contact you in time when there is a problem with remittance. Generally, the living expenses for studying abroad are mostly borne by bill exchange.
Remittance and telegraphic transfer have different charging standards. Usually, remittance is much cheaper than telegraphic transfer, but if the draft is not taken out of the country by itself, it will be mailed, which will lead to mailing costs and corresponding risks. In addition, the time of remittance arrival is slower than that of wire transfer.
Bill remittance is cheap and wire transfer is fast, both of which have their own advantages. You can consult the bank staff when handling remittance business, and choose the appropriate remittance method based on your own needs and the situation of the city you are going to.
Some citizens may find that when sending money, the handling fee for the same amount of wire transfer to the same city will be slightly different. This difference in fees is due to the transfer fees between banks, so choosing the correct remittance route is an important condition to save money.
China Bank has a huge network of institutions overseas, and customers choose China Overseas Bank as the payee, which can save the transfer fee of remittance and speed up the time of payment arrival.
Materials required for remittance:
Cash for cash is different; If you carry cash, you need to open a letter of credit, and the remittance exceeds the limit.
To study abroad at one's own expense, you need to prepare the following documents, namely, ID card or household registration book, passport with valid entry country and region visa or Hong Kong and Macao passport, formal admission notice from foreign schools, and charge notice issued by foreign schools.
The amount remitted by studying abroad in cash cannot exceed the standard indicated in the expense notice; One-time remittance of cash equivalent to less than US$ 6,543,800+0,000 shall be handled directly by designated foreign exchange banks. If it exceeds the equivalent of US$ 6,543,800,000, it needs to apply to Shanghai Branch of the State Administration of Foreign Exchange.
Many students studying abroad are used to leaving some foreign exchange to take abroad as living expenses or pocket money when remittance. According to the relevant regulations of the state, China residents can leave the country with less than US$ 5,000 in cash or the equivalent in foreign currency.
Those who exceed this limit must show their foreign currency cash carrying certificate to China Customs when leaving the country, and the maximum amount is equivalent to 1 10,000 US dollars. Students studying abroad can open foreign currency carrying certificates with their passports, valid visas, foreign exchange certificates of deposit or passbooks in China Bank.