Best banks for students going abroad: student file guide
Paying tuition and living costs overseas goes through a student file. Here is how it works and which banks offer it.
How a student file works
- The bank sends money on your behalf, either to the university or to your own account abroad.
- You normally need an account with the bank first, often held by the student or a guardian.
- Expect to show admission or enrolment papers, a tuition and living cost estimate, your ID and educational certificates. Country rules add items, such as an I-20 for the USA.
- Some banks require yearly renewal, and a dormant account cannot send funds.
Banks that offer student files
These banks appear in our sources. Fees and documents differ, so compare before you choose.
Questions students ask
What is a student file?
A special bank file used to send tuition fees and living costs abroad. Bangladesh Bank rules do not allow sending money directly from a local savings or current account to a foreign account.
Do I need a bank account first?
Usually yes. The student or guardian normally needs an account with the bank before it opens the file, and each bank sets its own fees and documents.
Can students going abroad get a credit card?
At least one bank states that, under current Bangladesh Bank rules, credit cards cannot be issued to non-residents or students going abroad.