We help students open a bank account or do it on their behalf if they provide us with a limited power of attorney-in-fact, sparing you the trouble to review documents in a language you do not understand, or advise you on possible loopholes and hidden fees written in this foreign language. In case you wonder how we do this, we have agreements with financial institutions for utilizing the EU regional support development packages for businesses under a sworn affidavit, so not only is your student loan secured, but we can also help you get special rates for various financial services.
If you get a student loan to pay for your tuition fees, you definitely need a local bank account abroad, but even if you do not plan to get a student loan, having a bank account abroad as a student can help you get various privileges and easement, including a specially designed student savings account, in addition to swift payment of your tuition fees.
Most importantly, the financial institutions we are affiliated with give priority to our students due to our agreements, as we bring hundreds of students each year, so we can help you get special rates for various banking services. Moreover, given that many university offices do not accept cash for security reasons, having a local bank account is definitely handy because it also helps you pay small fees related to small university transactions (including your photocopies card and start up library account fees or miscellaneous administrative fees, besides a meal plan card, all of which except the last one are small amounts ranging from 1-8 pounds).
Should you wish to open a bank account, our student representative can accompany you to one of our affiliated financial institutions of your choice, and assist with any interpretation concerning supporting documents, whether it concerns online banking, credit card small print, or a simple savings account. Besides giving you guidance as per the required documentation and relevant applications invariably in the local language, our representative can give you a temporary address until the documents of your lease or rental agreement is in order or until you make up your mind for the private accommodation of your choice.