What Foreign Exchange Students Should Know About Their Financial Options?
The financial situation of every international student is different, so it is important to discuss your financial eligibility with college officials instead of following the recommendations of your peers. Tutors from answershark.com/ will always be there to help you with any educational questions. Here are the main recommendations that foreign exchange students should know to navigate themselves financially during the first year on campus.
Many international students and their families open accounts in banks that have branches exclusively in their countries, which makes money transferring challenging. You should also remember that your student account cannot be used to withdraw cash.
Therefore, you should figure out in advance whether your home bank has branches in U.S.A., and if yes, what variants they offer to transmit money or to open an account. The banks I know of offer international banking options and have branches in the U.S. They are Bank of America and HSBC.