The most commonly used remittance methods for studying in New Zealand include the following:

1. Money order and overseas wire transfer

Money order is one of the businesses we are more familiar with. , and it is also the cheapest among the five ways to study in New Zealand. International students in New Zealand can bring a money order to New Zealand and then go to a bank branch to redeem it. There is no need to receive an account, but it takes a long time to collect the money. In comparison, overseas wire transfer is relatively faster, but the handling fee is much higher than that of a money order. .

2. Travelers' checks

Travelers' checks have the advantages of easy use and small denominations. They can be exchanged for cash at local banks and exchange agencies, but they also have certain shortcomings, that is The handling fee is relatively high. When shopping at domestic banks, a handling fee of 1% is generally charged, and there is no cap. In addition, international students must pay an additional 0.75% handling fee when cashing out overseas.

3. International credit card

Currently, there are two ways to remit money from domestic to abroad, namely: credit card and remittance. Credit cards require money to be loaded onto the card in advance. However, if you use a credit card to consume overdraft in New Zealand, it will involve repayment issues, which is very troublesome for international students. It is recommended that international students choose remittance (wire transfer, money order and MoneyGram).

4. International remittance business

Teacher Feng Xia, a gold medal study abroad expert from Tiandao New Zealand, said that if international students have urgent matters abroad, international remittance business is the best choice, and its biggest advantage is The remittance is fast. Under normal circumstances, it only takes half an hour to an hour to arrive. However, the fee is higher. Since the State Administration of Foreign Exchange clearly stipulates that the amount of foreign currency carried out of the country cannot exceed the equivalent of US$5,000, and for safety reasons, it is best for international students not to bring too much cash to New Zealand.

There are several matters that Tianxiaodao has specially sorted out, hoping that they will gain everyone's attention:

When applying for remittances for studying abroad, students need to prepare the following supporting materials: ID card or Household register, passport with valid entry visa for the country and region you are going to, official admission notice from foreign schools, and fee notice issued by foreign schools. In addition, the amount of remittance for studying abroad cannot exceed the standard stated on the fee notice. Cash remittances with a one-time remittance equivalent to less than US$10,000 (including US$10,000) shall be handled directly by a designated foreign exchange bank. If the value exceeds the equivalent of US$10,000, you need to apply to the State Administration of Foreign Exchange.

The most convenient, fast and safe way to pay tuition and large living expenses is wire transfer or draft. For daily consumption and payment while studying abroad, you can choose international debit cards and international credit cards.

When you use an international debit card to withdraw money from foreign ATMs, you only need to pay a small fee. Compared with ordinary remittances, it is cheaper and faster to use international debit cards to remit money. International debit cards are more suitable for storing living expenses. The credit card market developed relatively early abroad and is relatively mature. Many payment methods, such as online transactions and hotel reservations, use credit cards as the payment platform. Otherwise, you will experience a lot of inconvenience in your daily life. International credit cards do not require payment of handling fees when making purchases at foreign merchants, which is especially suitable for overseas students.