First, the use of bills of exchange

If it is an international financial bill, the applicant needs to deposit the money in a bank account or a post office first, and can take out the money to use as long as the passport authentication is completed.

It should be noted that the value of international bills of exchange will change according to the exchange rate of the day, so the total cash will increase or decrease. If it is large, sometimes there will be a lot of losses.

A bank draft is very similar to an international financial draft, except that it requires money to be deposited in a bank account. If you have a money order, you can withdraw pounds from the British National Bank.

If the bill itself is denominated in pounds, there is no extra charge, which is much more cost-effective than using domestic currency.

2. Handling international credit cards

Most credit cards are universal in Britain, and it is easy to shop or withdraw money from ATMs.

However, it should be noted that some Chinese restaurants and supermarkets in China do not accept credit cards from China or signature cards, so be careful when using them.

In addition, the ATM here will charge a handling fee for withdrawing money from the credit card, which varies according to the bank and the amount of cash withdrawn, and it should also be made clear to the original bank in advance. "

Three. cash

According to the Interim Measures for the Administration of Carrying Foreign Currency Cash into and out of China issued by the State Administration of Foreign Exchange, foreign currency cash with the equivalent of less than $5,000 can be taken out of China.

(The amount of foreign exchange exchanged is less than or equal to the equivalent of US$ 50,000, and you can go directly to the bank with your ID card and a copy of your ID card; Proof of foreign exchange use is required to exchange foreign exchange exceeding the equivalent of $50,000).

When carrying cash, you must pay attention to safety.

Fourth, remittance.

Remittances can be divided into two types: money order remittance and wire transfer.

T/T: The fastest.

Draft: It is more convenient and the procedure is relatively cheap.

Students are advised to draw two bills of exchange, one is the tuition fee charged by the school, and the payee writes the full name of the school and gives it directly to the school when registering.

The other is the students' own living expenses. The payee fills in his name, and when he arrives in the UK, he directly uses this draft to open an account in a British bank near the school. There is no handling fee, but the collection time can be long or short.

At present, many banks in Britain offer some incentives or discounts for students to open accounts. You can choose your favorite bank after comparison.

In addition, carry around 2,500 pounds in cash in case of emergency.