Transferring Money??
This is one of the most popular questions asked when it comes to paying for school fees, accommodations and general living expenses.
The university does give students a variety of payment options from transferring, to paying by check, debit or credit cards. Depending on your financial circumstances and your situation there is no option that is best for everyone.
When you are granted acceptance into the school and/or their accommodations the school will provide you with the necessary documentation and information in making the right decision for you.
In my experiences I found that when paying the first lot of fees writing a check was always the simplest and cheapest option to do. Certified checks for the bank is another great option that is cheap as well 9
only $3-$5 depending on your bank), cause when it comes to transferring money each and every time you transfer money the banks will charge you a fee which can range from $30-$70 depending on the bank and the amount being transfers.
Make sure you read over the information on payment options that the school will send and choose the option that suits you best.
When it comes to everyday living expense some students opt for opening up a British bank account and then wiring lump sums into this account and using when needed. This is a good option and can help you still to a solid budget, but again when it comes to transfering money, you will be charged a fee each and every time.
I found the best option was to just use my bank card from home at the instant cash machines and withdrawal money as it was needed. Withdrawing money with your home bank card is a great option and to some maybe more affordable the transfering cause this way you only have to pay small fee usually $3-$5 depending the bank.
The university does give students a variety of payment options from transferring, to paying by check, debit or credit cards. Depending on your financial circumstances and your situation there is no option that is best for everyone.
When you are granted acceptance into the school and/or their accommodations the school will provide you with the necessary documentation and information in making the right decision for you.
In my experiences I found that when paying the first lot of fees writing a check was always the simplest and cheapest option to do. Certified checks for the bank is another great option that is cheap as well 9
only $3-$5 depending on your bank), cause when it comes to transferring money each and every time you transfer money the banks will charge you a fee which can range from $30-$70 depending on the bank and the amount being transfers.
Make sure you read over the information on payment options that the school will send and choose the option that suits you best.
When it comes to everyday living expense some students opt for opening up a British bank account and then wiring lump sums into this account and using when needed. This is a good option and can help you still to a solid budget, but again when it comes to transfering money, you will be charged a fee each and every time.
I found the best option was to just use my bank card from home at the instant cash machines and withdrawal money as it was needed. Withdrawing money with your home bank card is a great option and to some maybe more affordable the transfering cause this way you only have to pay small fee usually $3-$5 depending the bank.
posted by Currency Rates at 10:30 AM
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