How do international students in New Zealand remit money?

1. Money order and overseas wire transfer

Money order is one of the businesses we are 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. . In addition, the arrival time of money orders and overseas wire transfers is related to the country, region and the bank clearing bank chosen abroad. I would like to remind everyone to choose the appropriate remittance channel according to different situations. Currently, there are relatively few customers using money orders. However, there are also embassies that specify remittance via money order when applying for a visa.

2. Travelers' checks

If parents find money orders and wire transfers more troublesome, they can choose travellers' checks. Travelers' checks have the advantages of convenience (can be spent directly in shopping malls, overseas hotels, taxis, etc.) and small denominations. They can be exchanged for cash at local banks and exchange agencies. However, there are also certain shortcomings, that is, the handling fee. 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

International credit card is a very safe payment method for international students in New Zealand. However, for large remittances of more than 100,000 yuan, it must be at the platinum level or above. of cardholders. Of course, it is also good for some parents to provide supplementary cards for students to use in New Zealand. The consumption limit of the credit card can be locked, which can prevent students from falling into the dilemma of overdraft. Parents can make regular repayments in China, which is an extremely safe method of remittance for young international students.

4. International remittance business

If international students have urgent matters while studying and living in New Zealand, international remittance business is the best choice. Its biggest advantage is that the remittance speed is fast. Under normal circumstances, , it only takes half an hour to 1 hour to get the money, but the cost is higher.

PS: The China Administration of Foreign Exchange clearly stipulates that individuals cannot carry more than the equivalent of 5,000 U.S. dollars in foreign currency out of the country. Remember to issue a certificate for carrying foreign exchange. The cost of studying in New Zealand is still much lower than in other countries. Coupled with the legal part-time permit issued by the Immigration Bureau, most students studying in New Zealand can work part-time to earn living expenses. It is best not to carry large amounts of cash and too many valuables with you, and be fully familiar with the local conditions and employment settlement in the future. From now on, life will be on the right track.