All Posts Tagged: college

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.

Read More ›

Nuggets of wisdom from our UC Berkeley interns

Jenny Flores
Posted by Jenny Flores
Corporate Social Responsibility
Sather Gate on the UC Berkeley campus on a sunny day.

A total of 11 UC Berkeley students worked this summer at the bank in roles ranging from technology to finance to human resources.

Read More ›

How your home’s equity may help in financing college costs

Stew Larsen
Posted by Stew Larsen
Mortgage Banking
View from behind as male college student wearing backpack walks up a road toward campus.

As with any credit product, one of the keys to unlocking the benefits of equity in real estate is understanding the loan product.

Read More ›

College economics 101: Buy vs. rent

Wendy Cutrufelli
Mortgage Banking
Three college students walking on bright green campus toward entry door in brick classroom building.

I am apparently not the only one who sees potential advantages to buying a place for a son or daughter going off to college.

Read More ›