How does CITIC Bank launch a special account for studying in New Zealand to send money to international students?

First, CITIC Bank promoted New Zealand's "Special Account for Remittance for Studying Abroad". Two, New Zealand "special account for study abroad remittance" is a special account for New Zealand students studying in China when applying for study abroad loans. This account packages the traditional remittance business and gives the bank the function of credit guarantee, which not only provides the embassy with credit guarantee, but also reduces the economic burden of international students and improves the liquidity of funds. 3. At present, this account is jointly launched by China CITIC Bank, Immigration New Zealand and ANZ Bank. Immigration New Zealand has extended the policy of "Special Remittance Account for Overseas Students" to 15 provinces and municipalities directly under the Central Government, namely: Beijing, Chongqing, Liaoning, Hebei, Sichuan, Henan, Shaanxi, Hubei, Shanxi, Hunan, Shandong, Heilongjiang, Tianjin, Jilin and Yunnan.

4. The advantages of "Special Account for Remittance of International Students" are as follows: First, it can help parents to better understand and manage students' overseas expenses. Secondly, it is simpler and more economical. When applying for a student visa, students' families do not need to provide a large number of supplementary economic materials to explain their financial ability, and at the same time, they also reduce the bank interest to be paid for studying abroad loans. For example, in the past, if a student's academic system was three years, then the loan period in the bank must be three years, which means that if the 400,000 loan lasts for three years, the student's family will have to pay a relatively large interest for the loan. This problem can be solved by using the "special account for remittance of international students".

Before applying for a New Zealand visa, students can open a special account for studying in New Zealand in Beijing CITIC Bank, and deposit the expenses required during their study abroad in advance (for example, it will cost about 400,000 yuan for three years). Immigration New Zealand recognizes the special account for studying abroad as a valid proof of funds (the source of funds for the special account should be stated).

After the student visa is approved, the tuition fees will be remitted directly from the special account for studying in New Zealand to the school account in New Zealand, and the living expenses will be remitted to the personal account opened by the students in New Zealand every year. Students can withdraw their daily expenses on a monthly basis.