依个人需要，生活费的转款额度为每年4,800 – 18,000纽币。
汇款额度一般每年在15,000到 18,000 纽币间浮动。
每个月您可以从您在新西兰的帐户提取纽币1,250 ~ 1,500元作为生活费。
Why did Immigration New Zealand (INZ) introduce this scheme?
The aim of the FTS is to help facilitate the processing of student visa applications from Chinese people who want to go to New Zealand to study for 12 months or more.
The benefits of this scheme are that it:
allows students’ parents to have control over the amount of money that their child has access to in New Zealand
is a more convenient method than current alternatives to demonstrate the financial position of the applicant and his/her family;
helps the immigration officer to determine the ability of parents to fund their child’s tuition and living costs in New Zealand. Usually this is done by the parents having to provide a range of documentation to show their financial position, which the immigration officer then has to scrutinise and verify.
How does the FTS work?
For a student visa application, a sum of money is deposited into a remittance account in China for the purpose of studying in New Zealand. If the application is approved the funds will then be transferred to the New Zealand education provider to cover the tuition payment and to a New Zealand bank to cover the living costs of the student. The bank in New Zealand will then manage the students’ bank account by allowing a limited amount of money to be withdrawn each month to cover living costs.
Who can apply for this scheme?
Any applicant in the Beijing, Shanghai and Hong Kong branch catchment areas of China is eligible.
Which immigration offices accept the FTS?
All three Immigration New Zealand branches in China─ Beijing, Shanghai and Hong Kong ─ accept the FTS as evidence of the student’s financial standing.
Where can I apply for the remittance account in China?
Chinese students can apply for FTS accounts at approved banks in China. A list of the approved FTS accepting branches is available under the introduction of each FTS scheme.
Which banks in New Zealand can I withdraw my money from?
Only the ANZ bank at this stage, but we are open to considering other New Zealand banks with a base in China.
What are the minimum and maximum amounts of money required for the remittance account?
RMB 150,000 or NZ$30,000 is the minimum amount required to open a remittance account for one year of planned study in New Zealand.
The account balance should be maintained proportionately (on a pro-rata basis) to the original FTS deposit amount and length of time planned to be covered by FTS deposit. For example, a three-year FTS deposit of 450,000 RMB should have a minimum of 300,000 RMB in the first year, and 150,000 RMB in the second year, held with the bank in China.
Those applicants whose intended study plan in New Zealand is fully covered financially by the amount deposited in the FTS will not be required to provide additional banking documentation, although certain conditions apply.
Students with long-term study plans may be asked to provide evidence of their family’s on-going ability to cover international education costs in New Zealand. Those applications partially covered by the FTS may be required to provide additional financial documentation.
Will my deposit with the bank in China earn interest? How will it be calculated?
Yes, your deposit with the bank in China will earn interest, which will be calculated at the standard interest rate.
How long must I keep my money in this account?
The money remains in the account for the period of time you intend to cover the costs of your study in New Zealand. You are not allowed to use this account for any other purpose other than to cover the tuition fees and living costs. You cannot withdraw money from this account while you are studying in New Zealand.
How can I apply for a New Zealand bank account before I go to New Zealand?
When you open the remittance account with the bank in China, you will be provided with an ANZ Bank account opening form. You can also download the form from the INZ website and email it to ANZ directly after your student visa has been approved in principle by INZ. ANZ will then contact you directly to inform you of your account details.
Can I withdraw the deposit from the bank in China if my application is unsuccessful?
Yes. You can withdraw your deposit from the bank in China by showing a decline or withdrawal letter issued by INZ.
At what stage should I transfer my funds to New Zealand?
You do not need to transfer your funds to New Zealand until you have received an Approve-in-principle letter from INZ.
What’s the minimum amount of money required for my first remittance transfer?
The requirements are different depending on your age.
Students aged 17 and under need to make two international funds transfers.
The first funds transfer should be made to the intended education provider in New Zealand to cover both tuition fees and a homestay payment (accommodation). This amount covers the first course of study, usually around 12 months.
The second funds transfer is to the ANZ bank to cover cost-of-living expenses for the same length of time.
Depending on your needs, the amount to be transferred will range from $NZ4,800 to NZ$18,000.
Students aged 18 and over also need to make two international funds transfers.
The first transfer is to the intended education provider in New Zealand covers tuition fees, but does not include payment of homestay or other accommodation costs.
The second funds transfer is made to ANZ bank to cover cost-of-living expenses.
The amount to be transferred will usually range from NZ$15,000 to NZ$18,000.
How often should I transfer my money from China to New Zealand?
The New Zealand education provider will send you an invoice for your tuition and accommodation payment, if applicable. We suggest that you make one transfer to ANZ to cover living expenses for the year.
How much can I withdraw from my account each month while I am in New Zealand?
Every month you can withdraw NZ$1,250 – NZ$1,500 from your remittance account to cover your living costs.
Does it mean that I can only access NZ$1,500 per month for my living costs in New Zealand?
Although you are only allowed to withdraw up to NZ$1,500 from your remittance account per month, you can still have other personal bank accounts in New Zealand.
What payments can my remittance account cover?
Your remittance account can only cover your tuition fees and standard living costs of up to NZ$1,500 per month.
Can I withdraw money from my remittance account for use in an emergency?
No, you can’t withdraw money from your remittance account for other purposes. You may want to have a separate bank account for use in an emergency.
If I decide to leave New Zealand, how can I arrange to withdraw money in my remittance account without closing it?
You can withdraw all the money in your remittance account if you have completed or ceased your study in New Zealand. You need a certificate
confirming this, which you must apply for from the INZ branch that issued your visa. You can then take the certificate to the bank in China to arrange a refund.
Are there any other financial documents that I need to provide for my visa application, if an FTS is used?
Please note that INZ is able to request any further documentation they deem necessary when processing the application. INZ still requires evidence of your parent’s employment and earnings. Participation in the FTS does not mean that the application will be automatically approved.