1 Currency and foreign exchange fees

Domestic payments usually use domestic currency, while overseas payments may involve foreign currency transactions, which may result in additional foreign exchange fees and exchange rate fluctuations.

2 Payment Applicability

Domestic payments are typically used for domestic transactions such as shopping, bill payments, and withdrawals. Overseas payments are mainly used for international transactions, such as paying for study abroad fees, travel expenses, and cross-border online shopping.

3 Costs and exchange rates

Domestic payments typically involve lower transaction costs as they are conducted within the same currency system. Overseas payments may involve higher foreign exchange fees and poorer exchange rates.

4 Security and Fraud

Domestic payments are usually regulated and protected by domestic banks, while overseas payments may involve more risks, including foreign financial systems and possible payment fraud.

5 Withdrawal convenience

Withdrawals within the country are usually more convenient because ATMs and bank branches are more widespread. Withdrawals from overseas may involve higher ATM withdrawal fees and limited withdrawal points.

PART.02 The necessity of bank accounts for international students

1 Tuition payment and scholarship collection

Overseas accounts can be used to pay tuition fees and scholarship receipts, ensuring the safety and speedy arrival of funds, and reducing fees related to remittances.

2 Cross border transaction and remittance convenience

Overseas accounts can facilitate international transactions, including paying accommodation fees, purchasing study materials, and paying other fees, which can reduce the impact of foreign exchange fees and exchange rate fluctuations.

3 Daily living expense management

Overseas accounts can be used to manage daily living expenses such as rent, food shopping, and entertainment expenses, which helps to better control budgets and avoid unnecessary financial troubles.

4 Establish credit records

In some countries, overseas accounts can help international students establish credit records, which is very helpful for future financial transactions such as applying for credit cards, loans, or renting.

PART.03 How to choose an account opening bank

STEP-1

Study bank options, examine their reputation, service scope, and fee structure

STEP-2

Understand service fees and choose a bank with reasonable fees to avoid unnecessary expenses

STEP-3

Check ATM and branch networks to ensure that the selected bank has a wide range of ATM networks and branch offices in the study abroad area, facilitating withdrawals and obtaining customer support

STEP-4

Consider the bank's foreign exchange rates and cross-border payment options

STEP-5

Ensure that the bank provides excellent online banking services to manage accounts at any time, as well as good security measures to protect your account and personal information

STEP-6

consider

STEP-7

Recommended bank:

Bank of America

Chase Bank

Citibank

wells fargo

PART.03 Account Opening Process

STEP-1

Bring the necessary documents to a bank branch near your residence or school;

STEP-2

After opening an account, you will receive a package containing account information, a temporary bank card, and a small amount of checks. Please keep them safe;

STEP-3

To ensure that official bank cards and checks can be received as soon as possible, it is necessary to provide the bank with a genuine and valid address in the near future (friends' addresses are also acceptable).

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PART.04 ABOUT US

1 Introduction to the Kane Project

The Kane International Credit Certification Center is a professional credit assessment organization that evaluates and certifies the mutual recognition of credits between domestic and foreign universities. The course credits obtained by students from Chinese higher education institutions can be evaluated and certified by the "INKAN ICAC". Course credits that have been evaluated and certified by the "INKAN ICAC" can be transferred to cooperating universities in North America or the UK.

2 How can students join the International Transfer Program?

PART.05 Introduction to partner universities

1 William Jessup University in the United States

A private comprehensive university recognized by WASC in the United States, with strong faculty and degrees officially recognized by both China and the United States. It is renowned for its outstanding academic tradition, rich campus culture, and outstanding educational reputation, offering a wide range of disciplines and academic opportunities. Vibrant clubs, inclusive and diverse campus atmosphere, and well-equipped infrastructure enable students to better adapt and enjoy studying and living abroad.

2 Lincoln University

One of the first schools recognized by the Chinese Ministry of Education, established nearly a century ago. Located in the San Francisco Bay Area, the world's financial center, its business management program is renowned; The school is committed to promoting equality and diversity, and is known for cultivating leaders, emphasizing social responsibility, and providing diverse academic programs. It is a truly diverse international institution.

3 Peiding University in the United States

WASC is a member with strong faculty and officially recognized degrees in both China and the United States. It offers applied professional courses and is dedicated to business management degree programs, providing students with the ultimate experience of integrating education and technology. At the same time, its education and psychology programs have excellent employment rates, making it a highly cost-effective university.

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