how to use the Bpay payment method in Australia?

when using the bank App or online banking to pay, you need to provide two key information of Bpay on the bill: BillerCode and ReferenceNumber. The former is the code of the collection institution, and the latter is your account number in the institution. Every customer is unique, so don't make a mistake when paying.

BPAY is a bill payment system jointly launched by mainstream financial institutions in Australia, and more than 45, Australian institutions support BPAY to pay bills. Commonly used bills, such as water, electricity, coal, internet, telephone charges, tickets, tuition fees, Councilfee, FIRB application fees, etc., can be paid through BPAY.

payment methods for studying abroad in Australia

1. Bpay

Bpay is the most common way to pay tuition fees in Australia. As long as you have an Australian bank card, you can easily pay it.

on your tuition invoice, your BillerCode and Ref number will be displayed, usually consisting of your student number. As long as students open the app of the corresponding bank, such as commonweath or ANZ, they will have the option of Bpay, enter the two numbers, and then enter the amount to easily complete the payment.

2. Remittance

If students want their parents to remit money directly from China, the process is relatively troublesome.

first, find the column of international remittance from the invoice sent by the school, and check the information-bank name, bank address, BSB, account number (usually your student number), account name (school name), Reference (your last name), Swiftcode, and write it down, then go to the domestic bank to get the remittance slip and fill it in accurately.

it should be noted that international remittance usually takes more than 3 working days to arrive, and a certain handling fee needs to be paid, so remittance must be made in advance, and an extra 2 yuan will be remitted. If the remittance is delayed or the amount is insufficient, a fine of 1 yuan will probably be imposed.

Third, credit card

Because of the amount and handling fee, it is generally not recommended to pay by credit card, but if time is tight, credit card is also a good choice.

the method of credit card payment is very simple. Just log in to official website, check the options of paymyfee, select paymyinvoice, select PaywithAustralian/International Credit Card, and then enter your student number and amount, and you can jump to the credit card payment page and make payment directly.

It should be noted that different credit cards charge different fees. Credit card payment fees in Australia are lower than those in China, and parents of students should also consider the exchange rate.

how to use the visa card of BOC in Australia

You can spend it directly by swiping the card.

consumption abroad: There is no handling fee for UnionPay cards. Non-UnionPay cards will charge an international currency exchange fee when they spend currencies other than US dollars or Japanese yen. VISA and MasterCard will charge 1.5% of the transaction amount, while JCB will charge 1% of the transaction amount.

so if you spend in Australian dollars in Australia, first of all, it will be converted into US dollars at the exchange rate on the day you swipe your card. You said that you pre-deposited RMB in your card, so the Bank of China will exchange RMB for repayment at the exchange rate of RMB against the US dollar on your repayment date. Of course, if you have US dollars in your bound automatic repayment account, you will pay it back in US dollars in your bound repayment account first.

China Bank VISA Credit Card charges in Australia. Is there a handling fee for direct repayment in RMB?

Price list of credit card services of China Bank:

consumption abroad: UnionPay cards have no handling fee, while non-UnionPay cards will charge international currency exchange fees when they consume currencies other than US dollars or Japanese yen. VISA and MasterCard will charge 1.5% of the transaction amount, while JCB will charge 1% of the transaction amount.

Some credit cards in China Bank are temporarily exempted from international currency exchange fees, such as global pass cards. I suggest you call the customer service hotline for consultation.

the above contents are for your reference. please refer to the actual business regulations.

How to swipe a credit card in Australia is cost-effective

MasterCard and Visa are easier to use than other cards, but in many places, there is a handling fee, but there is no handling fee for cash.

a full-currency card is more cost-effective than a dual-currency card, with less money exchange fee.

is there a handling fee for using ICBC's multi-currency VISA card to swipe Australian dollars in Australia? Whether the exchange rate is calculated according to the credit card date or the repayment date.

At present, ICBC VISA multi-currency credit card has an Australian dollar settlement account. If you spend Australian dollars, you will owe money in Australian dollars, and no currency exchange fee will be charged during this period. If self-service purchase of foreign exchange is used for repayment, it shall be calculated according to the foreign exchange quotation at the time of repayment.

(Answer time: November 19, 219. In case of business changes, please refer to the actual situation. )

Is there a handling fee for swiping a credit card in Australia?

among the bills paid by cardholders for overseas credit card spending, the credit card fee is generally between 3% and 4%, among which international card organizations such as visa or MasterCard charge the card issuer an international transaction fee of 1% to 1.5% of each transaction, although it is charged from the bank, which is actually borne by the card swiper; In addition, banks charge handling fees or exchange fees, ranging from 1% to 2%.

most banks charge 1.5% for overseas credit card swiping. For example, CCB, BOC, China Merchants Bank, Xingye and Guangfa all charge 1.5% and Everbright 1.7%, while Shenzhen Development Bank and Bank of Communications both charge 1.75%, and Shanghai Pudong Development Bank implements the standard of 2%.

if it is a unionpay single-currency credit card, or a dual-currency credit card with unionpay and VISA (or MasterCard) dual logos, there will be no handling fee for spending money by swiping the card overseas and taking the unionpay line.

This concludes the introduction about how long it takes to swipe your credit card in Australia and how long it takes to receive it. I wonder if you found the information you need?