How much do I need to deposit for the certificate of New Zealand study visa fund?
The amount of guarantee for studying in New Zealand also varies according to the type of courses applied for, and the amount of guarantee is also different when deciding on visa processing. Generally speaking, the guarantee for undergraduates is around 450,000 yuan; Graduate students have a guarantee of about 300 thousand; However, the deposits of primary and secondary school students will vary according to the different entrance scores, and more funds are needed.
New Zealand study visa fund preparation method
1, deposit certificate method
If you plan to study abroad in advance, have enough time to prepare funds and other related materials, or have a corresponding amount of bank deposits at home, you can directly issue a deposit certificate in the bank as long as you have a deposit history of more than 6 months before signing the contract. The advantage of this method is that this part of the funds can be unfrozen and used at will after signing the contract, but the disadvantage is that the time requirement is very strict, and it is not necessarily possible to use this method to start studying abroad in a short time. This method is more suitable for families who prepare for studying abroad early, at least one year in advance.
2. Special account for studying abroad (also called FTS special account for studying abroad)
If you are late in preparing for studying abroad and don't have the habit of bank deposit, New Zealand study abroad also provides a special study abroad account to solve this problem, but most people don't know much about this method. The FTS special account for studying abroad is a project jointly launched by CITIC Bank and ANZ Bank, and officially recognized by the New Zealand Immigration Bureau. You only need to apply for opening an account at CITIC Bank and deposit the corresponding money. Then, the bank will issue relevant materials to provide you with proof of studying in New Zealand.
The advantage of this method is that the time is quite flexible, and there is no need for a deposit history, as long as the bank handles the relevant procedures before handing over. FTS will automatically transfer NZD 1250 to the students' local ANZ bank account in New Zealand every month, which is very convenient for parents to monitor their children's fund use in New Zealand.
However, if FTS study abroad account is used to provide proof of funds for studying in New Zealand, this guarantee cannot be used for other purposes before the students graduate, and can only be used for studying abroad. So on the other hand, students' funds during their study in New Zealand will not be disturbed by family accidents. This method is more suitable for families with tight time and insufficient historical bank deposits.