Tuition Payment Options

Transcription

1 Tuition Payment Options

2 Payment Options Tuition payments can be made by one of the following methods: International Cheque payable to Appleby College Online Banking Western Union Business Solutions (formerly Travelex) preferred payment method Wire Transfer alternative payment method Miscellaneous Expense payments or the $2,500 deposits can be made by one of the following methods: International Cheque payable to Appleby College Online Banking Debit Card Credit Card Western Union Business Solutions (formerly Travelex) preferred payment method Wire Transfer alternative payment method Credit Card Please note: We do not accept direct deposits into our bank account made at a branch of a local Canadian bank. Thank you.

3 Online Payment Information We are currently set up to receive payments from: BMO CIBC National Bank of Royal Bank of Scotiabank TD Trust HSBC 1) Steps to set up online banking with Appleby College: Sign onto your internet banking website. Add Appleby College as a payee Use the 7 digit Student ID as the account number (Note: If there are siblings also attending Appleby you need only set up one account. The payment will be allocated to the multiple student accounts.) 2) Paying via online banking: Select option to pay bills Select Appleby College as the payee Enter the amount you wish to pay Process the transaction as prompted by your bank s website

4 International Payments to Appleby College Appleby College has partnered with Western Union Business Solutions to provide an easy, lower cost alternative to international wire transfers for your tuition payments including new payment options from China. Advantages of using Western Union s GlobalPay for Students Convenience You make payment in the currency of your choice. This amount is then converted to Canadian dollars. The exchange rate quote is locked in for your payment for 72 hours after the quote is obtained. Savings The exchange rate is very competitive when compared to your financial institution s retail rates, and bank service fees may be reduced since the wire transfer that you initiate is a local transfer. There are NO transaction charges from Western Union or Appleby College, though you may be charged a transaction fee by your bank. Efficient and Timely Posting Please include your reference information to ensure your payment reaches your Appleby College student account quickly, typically two to five business days after your bank initiates payment. Step by Step Instructions Step 1: Navigate to the Western Union GlobalPay for Students website Step 2: Provide Student/Payer Information Complete the required fields on Western Union's website (Student s Appleby College ID number, student's first and last name, address, etc.) and select NEXT. Step 3: Enter Payment Details Enter the amount you wish to pay in Canadian dollars and select NEXT. Select the currency that you would like to pay in* from drop down list. You will notice on the right-hand side that you now see the amount that you will be paying in the currency selected.** Select NEXT. Select the checkbox if you would like to receive the payment instructions via . Complete other fields as listed if payer is not the student then select NEXT. Review conditions and select the checkbox, then select SUBMIT. o NOTE: You may need to temporarily allow pop-ups on your computer in order to view the payment instructions. Step 4: Bank Transfer Print your payment instructions and make the payment. For most countries this will be by wire at your bank.*** Instruct your bank to wire transfer funds to the Western Union bank account indicated on your payment instructions. The reference number on the payment instructions is very important. It MUST be included on your payment in order for the funds to be correctly and promptly applied to your student fee account. A reference number should NOT be used more than once. If you are making a second payment, or have a quote that has expired, please go through Steps 1-3 again to get new payments instructions with a new reference number.

5 The payment must be sent within 72 hours of the quote or Western Union shall use the current exchange rate to convert the currency. The expiry of the quote is indicated on the bottom of the payment instructions that you have printed. Step 5: Payment Finalized While the transfer is in progress your account will continue to show the outstanding amount. Appleby College will post the Canadian dollar equivalent to your student account, generally two to five days after your local bank initiates payment. * If your local currency is not an option available in the system, you will need to choose another currency on the list to arrange your payment, or contact studentaccounts@appleby.on.ca for more information. The subject line should read Western Union payment issue. Please indicate what currency you are trying to pay in, or where you are trying to pay from, and what the precise issue is. ** When paying from China or India, you will be given your rate when you process your transfer per the payment instructions. *** For payments from India, China and South Korea, you will be instructed to pay on a particular website or bank (e.g. ICICI for India). If you cannot use Western Union GlobalPay, you can send an international wire transfer instead (see next page for details). Please send a copy of your bank receipt to studentaccounts@appleby.on.ca after the payment has been made.

6 Wire Transfer Information Sender is responsible for all bank charges Please or fax a scanned copy of the bank document when transferring funds to studentaccounts@appleby.on.ca or fax number Instructions for Wire Payments to Canadian Imperial Bank of Commerce (CIBC) from Remitters Worldwide in all Currencies Bank Name: Branch: Branch Address: Account Name: Bank Code: 010 Canadian Imperial Bank of Commerce (CBIC) Lakeshore Road and George Street Branch 197 Lakeshore Road East Oakville, Ontario, L6J 5E8 Transit Number: Appleby College Account Number: IBAN: Swift: //CC (if a longer code is required, please add at the end) CIBCCATT Please ensure that the student s name is entered in the Payment Information section on all transmittals. OR 2. Instructions for US Dollar (USD) Wire Payments to Canadian Imperial Bank of Commerce (CIBC) from Remitters in the USA Bank Name: Branch: Branch Address: Account Name: Bank Code: 010 Canadian Imperial Bank of Commerce (CBIC) Lakeshore Road and George Street Branch 197 Lakeshore Road East Oakville, Ontario, L6J 5E8 Transit Number: Appleby College US Funds Account Number: Intermediary Bank: BIC: Wells Fargo Bank, N.A. New York, NY, USA PNBPUS3NNYC Fedwire ABA / Routing No: Please ensure that the student s name is entered in the Payment Information section on all transmittals. Appleby College, 540 Lakeshore Road West, Oakville, Ontario, L6K 3P1