There are many things we need to prepare before going to study in Singapore. There are also many aspects to pay attention to regarding funds. Here are the things I have compiled for you about the funds to pay attention to when studying in Singapore. What issues should be paid attention to when preparing funds for studying in Singapore?
Prepare financial certificates in advance
If you want to go abroad, you must first apply for a visa, and applying for a visa requires certificates of deposit and other materials. Different countries have different requirements for proof of deposit. It is best for applicants to check the official website of each consulate for information.
Generally speaking, it is best to start depositing into the fund account for applying abroad one year before the application, and it is best to have multiple deposits and expenditure records, rather than a one-time deposit of hundreds of thousands of yuan. Large deposit. Some countries also require a description of the source of funds, and applicants must be prepared to provide relevant certificates.
There are many options for overseas remittances
Overseas remittances are also an inevitable part of studying abroad finance, whether it is paying tuition or living expenses. But there are many forms of remittance, which one is right for you? Currently, several remittance methods are commonly used, including overseas wire transfer and MoneyGram.
Overseas wire transfer is relatively safe, with an annual limit of US$50,000. It is suitable for remitting tuition fees and other large expenditures, but it takes 2-3 working days to arrive. At the same time, overseas wire transfers generally charge the remittance amount 1. As a handling fee, a postal and telegraphic transfer fee of 100 yuan will be charged.
The daily limit of MoneyGram business is US$10,000, and the payment can be made in 10 minutes. Any overseas bank that has launched MoneyGram business can handle the payment. MoneyGram remittance is relatively simple. There is no need to provide relevant information about overseas bank accounts, and payment can be made directly through the password. A tiered fee system is implemented, ranging from US$13 to US$35.
Dual-currency credit cards are a big help
Parents cannot help but worry when their children study abroad. If you give too much money, you are afraid that your children will spend it indiscriminately; if you give them too little money, you are afraid that your children will not have enough. In fact, faced with these problems, parents only need to apply for a dual-currency credit card with an additional card in China. The main cardholder can set the consumption limit of the supplementary card within his or her own credit limit, and there will be a text message reminder for each purchase, so that parents can not only keep track of their children's overseas consumption, but also make credit card repayments in China directly in RMB. payment.
Funds for pre-departure guidance
According to the "Interim Measures for the Entry and Exit Management of Carrying Foreign Currency Cash", the limit of RMB that passengers can carry into and out of the country is 20,000 yuan. If the policy is adjusted, the actual handling results of the competent customs shall prevail. As for carrying foreign currency out of the country, you need to follow the following regulations:
1. Outbound personnel who carry cash with an amount of less than 5,000 US dollars out of the country do not need to apply for a "Permit for Carrying Foreign Currency Out of the Country". Customs be released.
2. If an outbound person carries an amount equivalent to more than 5,000 US dollars to 10,000 US dollars, he should apply for a "Carrying Permit" from the bank, and the customs will release it based on the "Carrying Permit" stamped with the bank's seal. If multiple "Carrying Permits" are used, and the cumulative total exceeds the equivalent of 10,000 US dollars, the customs will not release them.
Tuition payment
Tuition fees can be paid by UnionPay card, credit card, check, bank draft or wire transfer. Students must pay accordingly according to the payment amount in the contract. Some schools also accept Alipay and WeChat.
Living expenses
Most shopping malls and tourist areas in Singapore have opened Alipay payment, which basically allows cashless payment. On university campuses, many vending machines also support Alipay and WeChat payments. The university's restaurant also implements cashless payment. Students can use the NetsFlashPay issued by the university after the semester starts to pay in the restaurant.
Pre-departure guidance on filling in the immigration card at entry
Before arriving in Singapore, flight attendants will usually issue an "Arrival Passenger Registration Card" to passengers, which is required for holders of study visas or tourist visas. .
Immigration procedures
After the plane arrives, students enter the immigration hall according to the signs at the airport. During immigration inspection, students need to show their passports, immigration cards and the documents sent to them by the university in advance. student visa approval letter.
After completing the immigration procedures, customs officers will keep the entry part of the immigration card, and the departure part, student visa approval letter and passport will be returned to everyone. Here is an important point. Students must keep the part of the departure card returned by customs!
If you encounter any problems when entering the country, please do not panic. Please contact the emergency contact person provided by the university as soon as possible. The university will provide corresponding assistance.