I. Bank and international wire transfer (bank wire transfer)
If you have a small partner with a school remittance account, you can choose to go to the bank for international wire transfer in person. Please note the following points:
1. Please change money in advance and prepare the equivalent US dollars.
2. It must be used for studying abroad. Due to the continuous improvement of the foreign exchange system, the strictness of remittance is getting higher and higher. Tuition remittance at this stage, if there is no clear school name, then the payee in the collection account must clearly mark the word education to prove that it is tuition remittance.
Please make an appointment with the bank in advance. Tips: Some international remittance businesses are not very mature and will take a long time, so it is very likely that you spent a whole afternoon in the bank and still failed to remit money. It may be that there is a problem in filling the money order, or that the staff is not skilled in business, and so on. So make an appointment in advance without numbering, which greatly saves time.
4. Handling fee: the remittance amount is more than the stipulated amount 15-25 USD. Due to the transfer between different banks, the handling fee will be deducted.
Everyone has a foreign exchange limit. At present, the foreign exchange limit per person per year is 50,000 dollars.
Two. Third-party remittance platform or institution
With the increase of international students, more and more financial institutions have developed platforms for international students, such as Easy Transfer, Flywire and Paypal. The advantage of these institutions is that the remittance speed is faster and the handling fee is relatively less. However, the small partners studying abroad should also measure in many aspects and find a method with relatively low exchange rate and procedures.
3. Remittance from the office to the school
If time permits, friends studying abroad can go to the office to pay in person. You can choose to pay by credit card, cash payment or bank savings card.