The number of foreign students is steadily increasing. According to UNESCO (the United Nations Educational, Scientific and Cultural Organization), over 2.5 million students are studying outside their home country. They also predicted that by the year 2020 the number of foreign students will rise to approximately 7 million.
The main destinations preferred were the United States, United Kingdom, Germany, France, Canada and Australia. The greatest percentage increases in the numbers of foreign students have occurred in New Zealand, Korea, the Netherlands, Greece, Spain, Italy, and Ireland. Please find more details here.
Well done on choosing New Zealand for studying abroad. Let’s dive a bit deeper into the numbers and focus on the numbers of international students in New Zealand and some issues they can face. In 2018, more than 100,000 foreign students applied to New Zealand's universities. Boosting their self-confidence, making themselves more independent and self-sufficient, a lot of students are moving to Dunedin, Auckland, Christchurch, Wellington and other places.
The average cost of living for foreigners: between $20,000 and $25,000 per year ($380–480 per week) for rent, food expenses, transportation costs and personal expenses.
Of course, during their course of study, students are constantly supported by their families and receive money from all over the world.
However, they can face some problems with opening a bank account. Moreover, they need a secure and fast way to receive and send money.
RBFC understands the needs of international students and focuses on providing a solution for this problem. With us, using a simplified yet highly technical software, we're able to offer:
- Easy account application
- Fast wire transactions
- Fiat currency conversion
- High security of operations
We simplify the flow of digital financial transactions, giving you the opportunity to receive and transfer funds worldwide.
Grab your new friends, create a personal account with RBFC, and start receiving and sending funds safely, easily, and quickly!