First of all, let's take a look at the remittance knowledge of New Zealand students.
1, credit card VISA
VISA credit card is very convenient in New Zealand. Hotels, restaurants and entertainment places can use credit cards, but it will be a bit troublesome if the consumption amount is large. You must remember the bill clearly. In addition, very small shops are reluctant to accept credit card consumption because they have to bear part of the transfer fee. So should I bring cash or bring it ~
2. New Zealand local exchange
If you exchange money locally, the handling fee is very low, which is very convenient and the time is fast, but the exchange rate will be about 0. 1 higher than the normal exchange rate. There are exchanges in New Zealand.
3. Remittance from domestic bank to New Zealand account.
This way, you can freely control the funds and remittance time, avoid the risks brought by exchange rate, and the handling fee is capped in 200 yuan. But there is a withdrawal limit, so it is not convenient to buy expensive things.
General international students will have two accounts, one is a special account for international students, and there is no handling fee and no interest for transfer; The other is a savings account, which has interest and can be chosen when there are many deposits.
4. Study abroad account of cooperation between CITIC Bank and ANZ Bank.
This account must be opened for at least two years. If you finish your study within two years, you can go to the bank to cancel your account in advance with your diploma. Remit one year's tuition and living expenses to this account every year, and the tuition will be paid directly to the school at one time. The remaining money will be divided into 12, which will be given to students once a month. You need to remit money to this account once a year and cancel it before the end of your study.
This method is simple and convenient to renew the insurance, but the annual quota is limited to 1.5w NZD-1.8w NZD, and many people have said that this account will have the bad phenomenon of delayed payment …
The company donated money to run away, or carefully chose this way.
PS: What if there is an accident?
Many students are worried about what to do when they have an accident while studying abroad. They don't have enough money and are strangers. What I want to tell you is that New Zealand has an ACC insurance system. This kind of insurance takes effect automatically without formalities and business opening.
How can I put it? As long as there is an accident in New Zealand, regardless of nationality, it is automatically guaranteed, and there is no need to go through special procedures to go to New Zealand. Foreigners have deducted this part of the expenses in their usual consumption, so don't worry even if there is an emergency. ACC will reimburse most of the expenses.
What about the rest of the expenses? Some domestic bank cards can withdraw NZD directly from ANZ ATMs, which is enough to deal with emergencies.
Then let's take a look at the remittance channels for New Zealand students.
1, international credit card
At present, there are two ways to remit money from home to abroad, namely: credit card and remittance. Credit cards need to deposit money in advance. However, if you use a credit card to overdraw in New Zealand, it will involve repayment, which is very troublesome for international students. International students are advised to choose remittance (telegraphic transfer, money order, moneygram).
2. International remittance business
International remittance is the best choice for international students in urgent need. Its biggest advantage is that the remittance speed is fast. Generally, it only takes half an hour to 1 hour, but the cost is higher. As the State Administration of Foreign Exchange clearly stipulates that foreign exchange cannot be taken out of the country in foreign currency equivalent to 5000 US dollars, and for the sake of safety, it is best for international students not to bring too much cash to New Zealand.
3. Money orders and overseas wire transfers
Money order is one of the familiar businesses and the cheapest of the five ways to study in New Zealand. International students can bring money orders to New Zealand, and then pay at bank outlets, without collecting accounts, but it takes a long time to collect money when paying. In contrast, overseas wire transfer is relatively faster, but the handling fee is much higher than that of the draft. In addition, the arrival time of bills of exchange and overseas wire transfers is related to the countries, regions and bank clearing banks selected overseas. I would like to remind you to choose the appropriate remittance route according to different situations. At present, there are fewer customers who use bills of exchange. However, there are also embassy visas that stipulate remittance by draft.
4. Traveler's checks
If parents feel that money orders and telegraphic transfers are troublesome, they can choose traveler's checks. The advantage of traveler's checks is that they are easy to use (they can be directly consumed in shopping malls, overseas hotels, taxis, etc.). ) and small denominations. It can be converted into cash at local banks and exchange agencies, but there are also some shortcomings, that is, the handling fee is relatively high. When shopping in domestic banks, the handling fee is generally 1%, and there is no upper limit. In addition, international students have to pay an extra 0.75% handling fee when they pay overseas.