Transcript Slide 1

NZ-China Student Visa Funds Transfer Scheme
Step 1. Student -> CITIC Bank
Student applies for a transfer account, deposits funds and signs transfer management
agreement with CITIC (minimum deposit of RMB150k per annum).
CITIC distributes an ANZ Account Opening Form (AOF) and/or refers to Immigration New
Zealand (INZ) website link to AOF
Step 2. Student -> INZ
Student submits completed student visa application including CITIC FTS registration
certificate to INZ
Step 3. Student -> ANZ Bank (account opening)
If Student visa is Approved-in-principle (AIP) applicant will email completed ANZ AOF,
copy of passport biopage/signature page and copy of AIP letter to
[email protected].
NZ-based ANZ branch will open account within 2 working days and send welcome email
to student.
Step 4. Student -> CITIC (funds remittance)
Student contacts CITIC to complete international TT payments to ANZ (in NZ) and NZ
Education Provider.
Note the different payment components required for aged 17 and under & aged 18 or
above. Refer to FAQ on INZ website for more information.
Step 5. Student -> ANZ
Student emails NZ based ANZ contact ([email protected]) to confirm
remittance made to their newly opened ANZ NZ based account.
Step 6. ANZ -> INZ
Following funds transfer from China to student’s new NZ based account, ANZ email funds
confirmation to INZ processing officer & cc applicant. Student visa is then issued and
returned to student (pending receipt of all AIP documentation)
Step 7.Student -> ANZ (after arrival in NZ)
Following arrival in NZ, student presents ID to ANZ and activates bank account,
Automatic Payment (AP) established, debit card is collected and other ANZ related
banking information provided.
Revised: 27 July 2011