CaseTrust Student Tuition Fee Account (Escrow)

• Efficiency that benefits your business
• Easy reconciliation and account monitoring
• Other generic value added services

HSBC’s Student Tuition Fee Account (Escrow) provides a simple and comprehensive way to manage your account receivable and operating requirements. With HSBC, you can be assured of fast, efficient, and accurate service, ensuring maximum convenience and minimal disruption to your business operations.

• Tuition fees received will be credited directly to your escrow account upon receipt of payment by the student. A wide variety of payment modes are accepted namely cheques, cashiers orders, telegraphic transfers and demand drafts.
• HSBC's global network and infrastructure, allows payments made overseas to be reflected quickly and accurately in your escrow account in Singapore.
• Upon receipt of the "Student Escrow Confirmation" by the bank, an acknowledgement of receipt will be issued and sent to the Immigration and Checkpoint Authority by the next business day, allowing your student to apply for his/her student visa.
• Free disbursements from your escrow account to your HSBC operating account.

• Easy reconciliation through a regular report on your escrow account highlighting payment details for each foreign student.
• Easy monitoring of disbursements from your escrow account to your operating account through a comprehensive monthly report.
• Instant accessibility to your escrow account if you opt for HSBCnet, allowing you to view real-time transactional information and download capabilities for direct interface to your accounts receivable system.

• A comprehensive range of financing solutions to meet your business objectives.

Find out more on the application process and the CaseTrust for Education Accreditation Scheme.