20 18 Detailed explanation of the special account for studying in New Zealand

What do students who want to study in New Zealand know about the special remittance account for studying in New Zealand? Let's take a look at the 20 18 special account for studying in New Zealand.

Opening process of remittance special account

1. The applicant shall provide ID card, household registration book, admission notice of foreign schools (printed or scanned), fill in the Application Form for Special Account for Remittance for Studying Abroad, and sign the Agreement on Entrustment Management of Special Account for Remittance for Studying Abroad with China CITIC Bank.

2. Customers need to deposit the corresponding funds during the planned study period in New Zealand into CITIC Bank in one lump sum, including tuition and living expenses, at least RMB 654.38+RMB 05,000 per academic year or equivalent foreign currency; The bank opens a current savings account (passbook) for customers.

3. The agency freezes the funds in the customer's account. The handling fee is 300 yuan RMB.

4. The Application Form for the Special Account for Remittance for Studying Abroad and the Entrusted Management Agreement for the Special Account for Remittance for Studying Abroad shall be stamped with the official seal of the business.

The first copy is sent to the customer as a letter of credit guarantee issued to the Immigration Bureau of New Zealand, the second copy is kept by the customer and the third copy is kept by the bank.

5. Inform the customer that this form should be submitted to the Immigration Bureau together with the visa application materials, and the contents should be filled in carefully and completely.

6. The customer holds the application form for special account for study abroad remittance, the entrusted management agreement for special account for study abroad remittance, the application form for opening an ANZ bank account and other materials required for visa application. ANZ opens advanced accounts and student accounts for customers.

7. After the pre-visa is passed, students are required to provide an account opening confirmation letter (printed or scanned) issued by ANZ Bank, a New Zealand pre-trial notice (printed or scanned) and a collection account number (printed or scanned) of the overseas study institution to apply for remittance. Tuition is remitted to overseas schools, and living expenses are remitted to ANZ Bank's senior account.

8. The handling institution deducts the client's funds and transfers the position to the branch on the same day; And ensure that the balance of funds in the special account matches the remaining years of study abroad, and finally freeze the special account again.

Answers to frequently asked questions about special account for studying in New Zealand;

1. Where can I apply for a special account for studying in New Zealand in China?

Immigration New Zealand appointed CITIC Bank to handle special accounts for studying abroad in major cities in China. Please contact your local CITIC Bank for confirmation.

2. Which bank in New Zealand can withdraw money?

At present, there is only ANZ Bank, and negotiations with other New Zealand banks are still in progress.

3. What is the minimum deposit and maximum remittance of the special account for studying in New Zealand of CITIC Bank?

Planning to study in New Zealand for one year requires at least 654.38 yuan +0.5 million yuan. Based on this standard, the balance of CITIC Bank's special account for studying abroad should keep a certain proportion with the total amount initially deposited in the account and the number of years of studying in New Zealand planned to be paid with it. For example, a special account for studying abroad with a term of 3 years and an amount of 450,000 RMB should have a balance of at least 300,000 RMB in the first year and at least 6.5438+0.5 million RMB in the second year.

4. Can I earn interest on my deposit in CITIC Industrial Bank? How to calculate?

Yes, your deposit in the special account for studying in New Zealand of CITIC Industrial Bank will bear interest at the standard deposit rate.

5. How long do I need to deposit in this account?

It is equal to the planned time to study in New Zealand. This account is only used to pay tuition and living expenses, and is not used for any other purpose. It is not allowed to withdraw money from this account while studying in New Zealand.

6. How to apply for a special account for studying in a New Zealand bank before arriving in New Zealand?

When you apply to open a special account for studying in New Zealand in CITIC Industrial Bank, you will also get an ANZ bank account application form. Immigration New Zealand will assist you to inform ANZ to open a special account for studying in New Zealand, which is associated with your special account for studying in CITIC Bank. ANZ will contact you directly to confirm your account information.

7. If my student visa application is unsuccessful, can I withdraw the deposit from the special account for studying in New Zealand of CITIC Industrial Bank?

Yes, you can withdraw your deposit from the special account for studying in New Zealand of CITIC Industrial Bank with the letter of refusal or cancellation issued by the New Zealand Immigration Bureau.

8. When do I need to remit my funds to New Zealand?

After you receive the letter of approval in principle issued by the New Zealand Immigration Bureau.

9. What is the minimum amount of the first remittance?

In addition to tuition, you need to remit 12000 New Zealand dollars to 18000 yuan for one year's living expenses.

10. How soon do I need to remit money from China to New Zealand?

According to the notice of New Zealand educational institutions to pay tuition and living expenses. Regarding the living expenses, we suggest that you remit the living expenses for one year once a year.

1 1. What is the minimum balance of my special account for studying abroad in the Bank of New Zealand?

Same as above, you need to remit12,000 to18,000 NZD to your special account of New Zealand Study Bank every year.

12. How much can I withdraw from my special account for studying abroad in the Bank of New Zealand every month?

Every month, 1 0,000 to 1 500 NZD can be withdrawn from the New Zealand account as the living expenses.

13. Does this mean that I can only have NZD 65438 +0, 500 yuan's living expenses every month?

Although you can only withdraw 1 0,000 to 1, 500 yuan from the special account for studying abroad in New Zealand Bank every month, you can still open other personal accounts in New Zealand.

14. What can I pay for the special account for studying in New Zealand?

Your special account for studying in New Zealand (China CITIC Bank) is calculated in 500 yuan RMB, which can only cover your tuition and living expenses up to 1 NZD per month.

15. In case of emergency, can I withdraw money from the special account for studying in New Zealand?

No, you can't withdraw money from the special account for studying in New Zealand (China CITIC Bank) for other purposes. You can open another account in an emergency.

16. If I decide to leave New Zealand, how can I withdraw the balance of the special account for studying abroad without canceling it?

If you have completed or finished studying in New Zealand, you can withdraw the balance from the special account for studying abroad. You must apply to the New Zealand Immigration Bureau that issued your visa, and then take the confirmation letter issued by the Immigration Bureau to withdraw money from CITIC Industrial Bank.

17. What proof of funds should I submit if I use the special account for studying abroad?

Please pay special attention: Immigration New Zealand reserves the right to request any further materials they think necessary during the trial. Immigration New Zealand still requires applicants to provide proof of their parents' occupation and income. Choosing a special account for studying in New Zealand does not mean that the visa application can be automatically approved.