<p>For any American students that went to a Canadian University, how much of a hassle is it to get all your money ready for use in Canada? Do they accept Visa cards or do they have their own credit/debit cards and stuff? Also how much money did you have to convert to Canadian dollars?</p>
<p>I hope this helps…
Yes we accept Visa in Canada, however many Canadian schools have stopped taking credit cards because of the fees that are associated with them. Cash, Cheque or money order are the methods of payment. Americans can use American student loans to come to school in Canada, the application process is the same, American students can also use personal or parent loans to pay for tuition. Your FSA office or bank will be able to tell you how to go about cashing your loan in Canada and they will also I imagine have some paper work for you as well.
We have a debit card system, stores also take Visa, Mastercard and American Express. You may want to set up a Canadian bank account for the time your here, then you will get a Canadian debit card and your money will be in Canadian dollars and your life will be MUCH easier.
Universities are very able and ready to help International students get their finances sorted out.
Which schools are you thinking about?
I would suggest you consider St. Thomas University in Fredericton, New Brunswick Canada. St. Thomas is a small liberal arts university with around 2,500 students. Our International tuition is $20,000 ( that includes residence) which represents around a 50% savings from small American Universities! </p>
<p>The information above is based on the International student payment options at St. Thomas University, its general information, and I still suggest that you contact the university you have been accepted to and check out their international student payment options. Each university may have different procedures, so it would be in your best interest to contact them to ensure that you don’t miss any important information.
Good Luck!</p>
<p>Do they accept American checks in Canada?</p>
<p>I believe they do.</p>
<p>
</p>
<p>If you are going to be in school in Canada, you will have to set up a Canadian bank account, and then deposit your U.S. check into your account. There is usually a waiting period before they clear and the funds are available for use. Most Canadian universities will allow for payment of fees through online banking which makes it much easier. As for U.S. checks to pay for other things in Canada? No, you will not be able to do that at most places. There are exchange issues and the way to get the best exchange rates is to do it all through a bank.</p>
<p>RMSTU, are you a representative of St Thomas Univ., by any chance? You seem to be promoting it in ever post you make. If so, you should contact one of the mods here to get yourself established as an official rep. I have to say that I have lived most of my adult life in Canada and I’ve never heard of St Thomas Univ. It must be a very small regional school. That isn’t a comment on the quality of the education received there but just to let prospective U.S. students know that this school isn’t well-known even in Canada.</p>
<p>Yes, you’ll definitely need to open a Canadian bank account. You can use your Visa cards (debit and credit) anywhere Visa is accepted, but considering that credit card exchange rates are some of the most unfavourable around, I’d avoid it.</p>
<p>And I, too, have never heard of St. Thomas University. If you’re looking for a US-style liberal arts school, Mount Allison University is generally considered the best in the country. Indeed, whatever the category, Mount Allison is considered a very good school (possibly the best) for undergraduate studies.</p>
<p>You cannot transfer $ from US banks directly to Canadian banks and if you write a check, they will hold it for 30 days, in general.</p>
<p>My DD was able to call her US bank and get a one time increase in the ATM withdrawal limit, pull out Canadian cash from her US bank account at an ATM in Canada. Then she deposited the cash to her Canadian bank.</p>
<p>If you are doing a large amount like tuition & R&B for the year, you can do a wire transfer, otherwise, ATMs are the best way to both get the best exchange rate and have no wait.</p>
<p>In my experience with US loans used abroad, they are distributed to the school directly, so no problem and they will refund you any monies due you</p>