According to HSBC's annual Overseas Education 2019 study, 1 in 4 students say they were unaware of what it costs to study overseas. These top 5 finance tips will help them prepare for a worry-free study abroad. As a young adult away from home, money matters can be daunting. With the right planning it need not be.
Overseas bank account – Best to set this up in your home country, before departure.
Multi-currency debit and credit card – Handy for cash, every day expenses and unexpected needs.
Health and life insurance – Complement basic protection cover and note emergency hotlines and nearby clinics and hospitals.
Housing – Budgets vary if you stay on campus, rent or buy a property nearby; expect miscellaneous expenses.
Transfers – Set up mobile or online banking so you don't miss an allowance and are ready for emergencies.
We've put together international student resources and checklists for 4 countries that are popular with international students. These will give you a better idea of what you'll need to prepare, beyond bank accounts and money transfers, for a study abroad. This includes visa and passport information; healthcare facts; and mobile phone reminders.
You can pre-open an account abroad and we can have your ATM card ready ahead of time before the move.
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