Opening an overseas account in advance before going to study abroad in Singapore is a better way for students to study abroad for the first time to carry funds. It not only saves students the trouble of finding a bank account when they first arrive in a foreign country where they are unfamiliar with their life, but also Tuition fees, living expenses, etc. required during study abroad can be remitted to this account in advance.

If you want to study in Singapore, you can submit an account opening application to an overseas branch through Bank of China Changzhou before leaving the country, and open a local account in an overseas bank in advance to avoid the trouble of carrying funds.

Relevant staff explained that if the agent account opening witness is applied for, after receiving the account opening notice from the Bank of China Singapore Branch, the student can bring the account opening confirmation letter and apply to the Singapore account according to the temporary account number provided in the notice. deposit. After arriving in Singapore, students need to bring their passport, admission notice or visa, and confirmation letter from Bank of China, Singapore to the Bank of China Sales Department in Singapore to handle procedures and address changes. After activating the account, they can withdraw cash, apply for local money orders or checks.

Before going to study in Singapore, remit money to the student’s special account. The cumulative remittance amount cannot exceed S$10,000. After the account is activated, there is no limit on the amount of remittances made by students’ parents. It should be noted that when Singaporean institutions admit Chinese students, they may issue conditional admission notices in advance. However, such notices do not mean that students will definitely come to Singapore to study. Therefore, Bank of China in Singapore does not accept conditional admissions. notify.

From a cost point of view, compared with other foreign banks in Singapore, the minimum deposit amount required for Bank of China’s agency account opening and witness business for international students in Singapore is lower. As long as you deposit a deposit of no less than S$500, you can Small administration fees are waived. Moreover, Bank of China in Singapore is the only bank in Singapore that handles direct remittances from China to Singapore. Parents of students can save more remittance costs by remitting money to the special accounts of international students at domestic Bank of China outlets. Bank of China has 6 branches in Singapore, which are close to different subway stations, and the transportation is also relatively convenient.