Two forms of deposit
There are two main forms of study abroad guarantee in Australia: deposit and study abroad loan. International students can choose their own guarantee form according to their actual situation.
Strict guarantee requirements
Australia has strict requirements on the guarantee funds for international students, and all the guarantee funds need to be kept for at least 6 months. If the length of your course is more than 3 years, the guarantee will be calculated according to the tuition and living expenses for up to 3 years; If it is less than 3 years, the tuition and living expenses shall be calculated according to the actual years.
Proof of deposit is required when signing.
When signing a contract, international students need to provide proof of deposit for 6 months. This is one of the necessary materials for studying in Australia, and international students need to prepare in advance.
Recognized financial institutions
There are six recognized financial institutions in Australia, including China Bank, China Agricultural Bank, China Construction Bank, China Industrial and Commercial Bank, CITIC Industrial Bank and Shanghai Pudong Development Bank. International students can choose one of them as their own deposit bank.