Banking Beyond Borders
Seamless financial solutions to facilitate an easy study abroad experience
International Banking made Easy
Opening a local bank account is one of the most important things you can do as an international student. It will help you to manage your finances easily, pay for tuition, get paid from part-time jobs and everyday expenses and receive money from home.
Why Rely on Us
Form to be made
International Banking Services’s Blogs
Frequently Asked Questions
When you are studying abroad, you will a bank account in which you can receive money sent from your parents, salary from any part-time job or assistantship, or scholarship funds. Similarly, you will need to pay rent, utility bills, and incur different expenses as part of your regular life. Having a local bank account will make all these transactions easy. Having a local bank account also eliminates the need to carry large amounts of cash, which can be risky when you are in an unfamiliar environment.
Having a local bank account will eliminate the need for making international payments. This can help you avoid certain charges, which when applied on large amounts, can be a sizeable figure.
Also, several local banks offer specialized bank accounts for international students which can provide benefits such as zero balance savings accounts, lower credit card fees, and added perks such as travel insurance or discounted tickets for local events.
Moreover, since you would need to spend 3-4 years in the country, you would benefit from establishing a credit history in the country which will be beneficial when you need to rent an apartment, apply for loans or other financial services, etc.
