When considering to study in the United States, it is important that you carefully think about your living and educational expenses and plan accordingly. F-1 students are required to provide proof of funding for the estimated cost of attendance before an international advisor can issue the student an I-20. However, students should be advised that these costs are only averages. Students are encouraged to allot additional monies beyond those required for issuance of an I-20 for emergencies or unexpected costs, especially if they will be bringing any dependents with them. This is important to avoid becoming a "public charge".
In the U.S., banks are generally open from Monday to Friday, 9:00 a.m. to 6:00 p.m., with half-day Saturdays. Some bank branches are open later during the week. The majority of the banks are closed on Sundays. Online banking is a convenient, fast, and secure way of accessing your account right from your home. Most major banks offer online banking when you open an account with them. All that is required is a login and password through their secure website to check your available funds, transfer/wire money, and even pay bills.
Every bank offers wire transfer services and currency exchanges. Each bank varies in service fees for these transactions. Make sure that you are aware of the fees that you may incur when transferring money from overseas.
Additional definitions and information regarding banking , living expenses, etc. in the United States will be provided to you, upon your admission to The Chicago School will provide you with. Additionally, money -related topics specific to international students will be reviewed during the international student orientation to be held in August. .
In the mean time, if you have any questions regarding money matters with regards to international students please feel free to contact ISS.