QUOTE(kenv09 @ Jun 24 2009, 10:42 AM)
okay! I head about traveller's cheque. What is it?
Correct me if I am wrong but I don't know of anybody still using these nowadays when going over to UK for studies.
I will just recap what I wrote and some addition:
My suggestion:
1. Bring about GBP500 in cash for your everyday usage lasting about 2 or 3 weeks while waiting for account to open.
2. If your uni accept bank draft, buy a bank draft for the EXACT amount of fees that you needed to pay.
3. Buy another bank draft for your living expenses for next few months or for a year or whatever.
As for account opening.
1. If your parent is a HSBC Premier customer, get Malaysia HSBC to open a free UK Premier account for you while you are still in Malaysia.
2. Do it there yourself with any bank you choose.
Malaysian ATM card. For the just-in-case-emergency need for money FAST.
Open a joint Malaysian bank account with your father. Then get a Malaysian ATM card. Make 100% sure it has either the PLUS or CIRRUS logo or else it is useless. Better still, get an Malaysian HSBC ATM card. Reasons being:
1. If you needed money IMMEDIATELY, bank draft takes about 2 weeks(include sending & clearance) and telex transfer takes 2 or 3 days, but with ATM, if your father in Malaysia deposited the money into the Malaysian bank, you can IMMEDIATELY withdraw that same money from any UK ATM machine a couple of minutes later. There is no faster way I know of in sending monies from home to UK.
2. With other bank, the charges is RM10 - RM12 per withdrawal.
3. Withdrawing from any UK HSBC ATM machine using M'sia HSBC ATM Card, the charges is only RM5 or free for Premier account holder.
Hope that helps.
This post has been edited by Optiplex330: Jun 25 2009, 09:21 AM