New Zealand FTS explained: students prepay living costs via monthly releases before arrival

Published on 24 April 2026

Your money is transferred in advance, then dripped monthly

New Zealand’s Funds Transfer Scheme (FTS) lets student visa applicants handle living expenses through INZ. Instead of carrying cash, students transfer funds before arriving and receive a fixed monthly amount in their everyday account. The scheme typically needs NZ$20,000 (or NZ$17,000 annually) and covers day-to-day living costs, not tuition fees.

Students transfer funds before arriving under an INZ-managed scheme
A set monthly amount is released to students’ everyday accounts
Minimum funding is NZ$20,000 or NZ$17,000 annually
FTS covers living expenses only, not tuition

#study abroad #new zealand #living expenses #fund transfer scheme #student visa

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

New Zealand FTS explained: students prepay living costs via monthly releases before arrival

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