Study abroad, family financial planning strategy

In the heat of the summer, another year of studying abroad has come to an upsurge. Many students preparing to study abroad also enter the tense preparatory stage. Experts reminded that as well as applying for schools and visas, financial services abroad are also important. Especially for students and parents who plan to study abroad, financial services are more necessary. Generally speaking, financial services abroad are divided into two major steps by applying for visas as a time node. ⊙ reporter King Before the visa application to complete the deposit certificate or study abroad loan tip one: The deposit certificate should be more appropriate in the process of processing a study visa, the bank provides proof of the assets played a very important role. The immigration officer in the destination usually needs the student to issue a certain deposit certificate to ensure the students ' study and living expenses while they are abroad. Everbright Bank Shanghai Branch of the Retail business division, said Xu Xian, and this deposit certificate, generally appropriate and less. According to Xu Xian, generally speaking, the certificate of deposit required by the country of destination countries is more than 6 months of continuous deposit, to different countries, there are different requirements. Canada's requirements are most stringent and the time required for proof of deposit is more than 18 months. And the amount of money in this deposit certificate is better than 600,000 yuan, If you are going to London to study, the capital requirements even higher, reaching 800,000 yuan. But what if, for those students and parents who plan their studies temporarily, they are not prepared to meet the required deposit certificates? Experts say there are 3 more ways to remedy this. "According to the circumstances of different countries, it is not required that the certificate of deposit must be more than 6 months." Xu Xian said. Therefore, the first remedy is that parents can put together all the previous certificates of deposit in the family, combined with the bank's transfer bill to prove the family's asset status. The second way is for many private owners. Because their funds are usually placed in their own enterprises or companies, liquidity is less, it is difficult to issue a large amount of funds to prove. Then you can prove the assets of the student family by issuing the dividend certificate of the enterprise, as long as it reaches the fund "after tax, and is a regular source of income "requirements, even if the deposit time of less than 6 months of requirements, can also obtain the trust of the consulate." The third way is to make up for the lack of margin through cooperative projects of specific institutions. Tip Two: Study abroad loans can also solve the urgent problems for those who are difficult to provide hundreds of thousands of yuan deposit certificates or a little cash flow difficulties of parents, in the form of deposit proof, there is the use of student loans "Third Way" to go. According to the reporter understand, the Bank of China, Everbright Bank, Citic Bank and other banks can start the relevant business. In contrast to the certificate of deposit, the bank is generally able to do it in 3-5 working days. There is no need for a deposit certificate to have a period of deposit freeze. The loan for studying abroad is usually realized through the mortgage pledge. According to Chinese bank staff, many parents are currently mortgage or deposit certificates to other goldFinancial assets pledged to obtain loans for study abroad. Through the way of mortgage, the amount of study abroad loan can not exceed 60% of the appraisal price of real estate, and the amount of deposit amount is 90% by using the form of deposit certificate. Make good use of pre-opening account and abroad package [page] tip one: Pre-open account is the most convenient "after the visa, actually more need financial services." Before studying abroad, Xu Xian said, the most common problem that parents and students encounter is the carrying of money. How to carry a large amount of money abroad safely and conveniently is the most concerned. Right now, more and more banks have opened their pre-opening business in overseas accounts through cooperation with foreign banks. This means that before the students go abroad, they can set up overseas accounts in the territory, and the tuition fees, living expenses and so on should be remitted to the account in advance. If the opening of such an overseas account, the first to foreign students to arrive at the destination, you can avoid the cumbersome procedures for overseas accounts, directly to the relevant agencies to handle activation procedures on it. Xu Xian Introduction. According to the reporter understands, at present Bank of China, Everbright Bank and merchant bank and so on already opened the related service. The Bank of China has opened a proxy account for students studying in the UK. Another overseas pre-opening account for BOC is the "Golden Age" of BOC UK branch Student accounts. This account is suitable for those cities that have a BOC network. China Everbright Bank and Barclays Bank in the domestic early open account business is also applicable to students studying in the UK. If you want to study in Australia or the United States, you can also choose the ANZ Bank and the Sino-American Bank's overseas account pre-opening business. Students who want to study in Canada can solve the problem of money-carrying by opening a service in the Bank of Montreal, which is provided by China Merchants Bank. Tip Two: The cost of overseas financial packages in the provision of almost full coverage of the financial services abroad, the banks also provided the corresponding foreign financial packages, which are mostly in the form of "one-stop" services, with advantages not only to help students and parents save time and energy, but also to offer good deals. The preferential intensity is the "go Abroad through train" service offered by Everbright Bank. This package includes most of the services in finance such as overseas account pre-establishment, personal purchase, overseas telegraphic transfer, traveler's cheque and loan certificate. And a lot of concessions, such as reservations open offshore account handling fee 50 percent, For personal purchase of the exchange to enjoy the base rate price 50 points down the preferential exchange rate, the overseas Telegraphic transfer telegram fee 60 percent, the issuance of loan proof handling fee 70 percent and so on. In addition, the Bank of China's "Golden Age" student account also has a certain preferential services.