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You may bring as much money as you like, in any form, into the UK. You can also transfer money to the UK by bank draft, international money order or telegraphic transfer. However, before leaving home check if the law or your government restricts the transfer of funds overseas; how long the currency transfer takes and how much it costs and whether there are any special arrangements or allowances for students.
It is important that you have enough money to last until you have opened a bank account, which can be as quick as a few days but can take much longer, and you are able to have transferred funds into it. It is also recommended that you should not depend on the part time job. Due to the current recession, the job market is not in good position. Therefore, you should bring a certain amount of money for your own maintenance prior to finding a job. Around £800 to £1000 in cash is enough, with travellers' cheques for any additional money. You can bring the said amount of money by endorsing in your passport.
Please do not bring large amounts of cash. It is safer to bring your money in travellers’ cheques that can be cashed in banks, post offices and airports. A debit card carrying the Maestro or Cirrus logos is useful as you can use these cards to get money from cash dispensers (“holes in the wall“) each day within your limit. They are found almost everywhere, including airports.
You will also need to make sure you are able to pay your college tuition fees and your awarding body’s registration fees separately. You may wish, therefore, to also bring separate banker’s drafts made out for the correct amounts. Methods of payment include: banker’s draft that can be drawn in sterling at a UK bank; sterling travellers’ cheques; cheque from a cheque book of a UK bank; Visa, Access, MasterCard credit cards; Euros, Dollars, Sterling cash.
It is a visa requirement that you have enough money to pay for all of your expenses without needing to work part-time. The college does not have any funding available for international students who do not have enough money for the whole of the academic year.
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