Tuition refunds will be based on the day the application is filed with the Cashier's Office. Establishing a Bank Account It is not a good idea to carry large amounts of cash with you or to hide your money at home. To open certain types of accounts you may also need a social security number. Choosing the right financial institution is important because it can save you money depending on checking account fees and the interest earnings on any savings account you may have. Visit several banks and compare their services, types of checking and savings accounts, and costs before making your decision.
Most banks have a wire transfer service available to their customers for a nominal fee.
Be sure not to wait until the last minute to have the funds you need wired to you. It may at times take as long as one week or longer for money to arrive and be available for your use. If you plan to wire money, check to make sure the bank you are considering using offers this service. As you know by now, higher education in the U.S. is expensive. The greatest problem international students face after arriving here is maintaining adequate finances for meeting expenses.