Transferring Money

Overview

Throughout your studies, you are likely going to need to get money to Australia to pay your tuition fees and living expenses. In general, a wire transfer (called a telegraphic transfer in Australia) is the most effective way to do this. There are a few options of which you should be aware. Paying attention to rates can save you thousands of dollars (in some cases over ten thousand dollars) over the course of your full degree.

Flywire

Flywire

Flywire allows students to make tuition payments in their local currency and convert their AUD tuition fees at a significantly lower foreign exchange rate while eliminating extra international money transfer fees from the equation.

Transferring your money

After you’ve paid your initial deposit via your university’s preferred method of payment (recommended), you’ll want to look into the most cost-effective ways to transfer money for the remainder of your payments.

Always check your current Canadian bank to see if they can offer you a good deal! Many banks in Canada waive international transfer fees for their clients.

OzTREKK has partnered with Flywire to help students reduce the cost of their international study.

Flywire is a secure payment platform designed specifically for students.

  • Cost-effective way to pay your tuition
  • Save on transfer fees and foreign exchange
  • Used by thousands of students worldwide

There are a ton of other money transfer companies out there. Here are a few more that our students have used: