Professional Documents
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The Requirements For Opening A New Student Account
The Requirements For Opening A New Student Account
• C NIC Copy
• Student Card
• Institution Verification Letter
• Current account
• Saving account
Basically banks offer student a current account because its to difficult to show your
source of income in the saving account.
Pay Order
Negotiable instrument (such as a draft) which instructs a payer bank to pay a certain sum
to a third party. Also called pay order.
Demand Draft
Bill of exchange payable on demand that is on presentment ('on sight'). Person or party
that wrote the draft is called a drawer; the person, party, or bank who is expected to pay it
(on whom it is drawn) is called a 'drawee' or a 'payer,' and the person or party who
receives the payment is called a 'payee.' A check is a demand draft drawn on a bank.
Transfer of funds, usually from a buyer to a distant seller, instrument of transfer (such as
a check or draft), or funds so transferred.
Procedure
1) Transfer or deposit money into Sydney Forex Pty Ltd account at any Westpac
Bank branch (anywhere in Australia)
BSB: 03 20 70
Account #: 29 29 49
2) Fax or Email (scanned copy) with complete remittance application form (please
make sure form is signed) with deposit slip or internet transfer receipt to:
Email: info@sydneyforex.com.au
Details required:
Sender:
1) Each transaction is required with complete remittance application form (one form
per transaction)
3) One-off copy of utility bill (please make sure your current address is printed on the
bill), certified by JP
Beneficiary’s full name, CNIC # (Computerize National Identity Card), Home address,
and phone No. (Your payment would normally be received by the beneficiary within two (2) working days)
Bank Deposit:
Account holder’s Full Name, Account #, Branch name, Branch Code, Swift Code. City
and IBAN # for European Countries (Bank deposit normally takes 2-10 working days)
Charges:
We do not Charge any fees if transaction amount AU$200/= (Two Hundred) or over
per beneficiary
Other charges
Cancellation / Refund:
Cancellation fees of $55/= (Fifty Five Dollar) do apply for each transaction.
1) Sydney Forex Pty Ltd will check with our paying correspondent to determine
whether payment has been made to the beneficiary.
2) Once Sydney Forex Pty Ltd confirms that Payment has not been made, the funds
will be returned to Sydney Forex Pty Ltd and will refund such amount to the Sender,
less any applicable fees and /or charges.
Its Sydney Forex Pty Ltd policy to refund the amount to the Remitter within (45)
business days after written confirmation from correspondent all refund required valid
written request from Sender