I am paying with an INTERNATIONAL DRAFT. What are the requirements for using this payment method?
If payment cannot be sent in the form of a check in U.S. dollars drawn on a U.S. banking institution account,
we recommend that payment be sent via Wire Transfer.
International drafts must:
- be drawn on U.S. banking institutions* (or U.S. financial institutions)
- be made payable to "University of Southern California"
- include student name and USC-ID on the front of check / draft payment
To prevent late fees and finance charges, mailed payments should be mailed at least 5-10 business days before the settlement deadline if mailed within the continental U.S., (allow more time for HI, AK and international mail) so that they may be received by the settlement deadline.
* If an international bank is referenced on the check, our bank will initiate the special domestic bank collections process. This process can take several weeks before we receive the funds from our bank and the payment may be posted to your account. In addition, because it is not possible to estimate the cost of domestic bank collection charges and currency exchange rates, only the NET COLLECTED (the amount we actually receive from our bank) will be credited to the student account.
Categories: Payments, International Students