Credit card, check or transfer:
Australian schools generally have several fixed payment methods, usually credit cards, checks or transfers. Some schools will let you send them checks, some schools can pay online with credit cards, some accept foreign bank transfers, and some don't. 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 arrive in Australia before the deadline, take cash and check, open your own account there, and then transfer the money to the school.
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.
2. How do parents send money to students?
Dual currency credit card:
For studying abroad, many parents have prepared enough funds. It can be said that studying abroad is not bad money, but they are afraid that their children will spend money indiscriminately. At the same time, because the children are not around, parents can't control it. In this regard, you can consider handling a dual-currency credit card, students can take the attached card out of the country to spend money, and family members can regularly deposit RMB for repayment in China. At the same time, they can also master their children's consumption through the statement.
Give money to students in batches:
First of all, parents are not advised to exchange tuition and living expenses for Australian dollars for students in one lump sum. After all, the money is huge. If students go to universities in Australia, the annual tuition fee is usually 15000 to 25000 Australian dollars. If the monthly living expenses are calculated at 1.500 Australian dollars, it will be around 20,000 Australian dollars for the whole year, and the four years add up to 65,438+.
Opening an overseas account in advance:
Parents can open overseas accounts in China in advance through banks such as ANZ, and students can use these accounts after arriving in Australia. After obtaining the student ID card, you can go to any local branch and change the account to the student account type, which can exempt the account management fee.
Handling time deposit business in Australia:
If parents remit all the expenses to their children at one time, parents are advised to let their children pay tuition for one year (Australian tuition can be paid once every six months or once a year, and many schools enjoy preferential tuition for students who pay once a year), and then set aside a certain amount of living expenses and deposit the rest in Australian banks, because the deposit interest rate in Australia is high. Of course, parents can also handle Australian dollar deposits in Australian domestic banks such as ANZ Bank, and the interest rate is also high.
Learning through housing:
At present, housing education is also a popular financial plan for studying abroad. Parents can buy a suite with two bedrooms and one living room or three bedrooms and one living room for their children in Australia, and the other house is rented, and the rent is the child's living expenses. However, there are certain restrictions for overseas people to buy a house in Australia. For example, they can only buy newly developed real estate, and they can only buy it after obtaining government permission. At present, the market price for buying a two-bedroom or three-bedroom apartment in Australia is 400,000-600,000 Australian dollars, and the rent for renting a house is about 700-800 Australian dollars. If you rent two rooms, the rent is enough for the children's living expenses in Australia.