All Posts Tagged: cash

6 financial tips for international students

Thierry Gabadou
International Banking

It’s that time of year: Summer vacation is almost over, your bags are packed, and you are ready to move to the U.S. to begin your life as an international student. Sounds exciting, right? Of course! What’s there not to love about being an independent student in a new country with much to discover?

Group of international students sitting on the grass, discussing what is on their tablets.However, with all of the excitement in the air, there’s a good chance no one has addressed the topic of becoming financially savvy in the U.S. Here are six tips that I adapted from an international student intern’s insights on how to make wise financial decisions upon your arrival.

1. Make sure you are budgeting for all the essentials before treating yourself to luxuries – living in the U.S. can be expensive.

2. Always try to carry at least $10-20 in cash. There are many places near college campuses (particularly restaurants) that won’t take card payments or will charge a card fee.

3. Make sure you use ATM machines from your own bank. Unlike in other countries, you might be charged a fee for using other banks’ ATMs.

4. Avoid using a foreign credit card where possible – they charge transaction fees often on top of foreign currency fees.

5. Set up recurring or automatic payments for any monthly expenses (such as rent!) to make sure you do not forget these payments. Always know what margin you have in your budget to spend on other things.

6. If you’re bank doesn’t already offer it, download a money transfer app to your phone — this makes paying back friends very easy as you don’t have to settle-up in cash and small change.

And remember, life is all about the journey, not the destination. So enjoy your journey and good luck during the upcoming school year.

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Millennials share their financial literacy lessons

Paul Appleton
Consumer Banking
Young woman on an empty city street checking the cash in her wallet.

Their insights may give us all some useful guidance for helping future generations to learn.

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Have you checked your frequent flyer miles lately?

David Pollino
Fraud Prevention
Rear view of an airplane coming in for a landing at sunset.

Miles and points are currency, as they can be used for many real-world transactions such as flights, shopping, gift cards, and even cash.

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Stuff to sell after spring cleaning? Take extra care.

David Pollino
Fraud Prevention
Woman in background sorting through clothes; open suitcase in the foreground.

Here are a few tips to help safeguard yourself and reap the monetary benefits of that thorough clean-out.

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Year-end tips from our advisors

Jeff Hoffmann
Private Client Services
2 African-American men meeting to discuss financial plans sitting in front of a coffee table with open laptop.

Are there things you can do now to help make sure you’re in the best possible situation for 2015, especially in terms of your financial standing?

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