York University is a research-based public University in Toronto, Ontario Canada with over 55,700 students, 7,000 staff, and 11 faculties. The institution offers a broad selection of degrees, programs, and opportunities that have gained several recognitions and accolades. The tuition fees vary based on one’s program or faculty as well as the year one returned to York. Let us know about ‘York University Payment Options’.
Consequently, the payment options also vary based on these factors. We’ll take a look at these payment options in this highly informative article.
York University Payment Options
York University accepts several payment options for students to meet their specific educational needs. Hence, the payment can be made through one’s banking institution or internet banking.
We’ll be diving into details on these payment options here as well as the specific program to which they apply on this page.
Domestic Banks
One can make payment through one’s bank branch physically or online into one’s student account where one can see all charges and payments made. If the payment is made through a major Canadian bank such as Bank of Montreal, RBC Royal Bank, CIBC, etc., It may take up to four business days for it to get into one’s York Student account.
So how can one make payment through one’s banking institution in person?
How To Make Payments?
To pay your fees at your physical bank branch or online, just follow these simple steps.
1. How To Pay In Person At One’s Bank Branch?
When you get to your bank, inform them you would like to make a bill payment to York University. Indicate the amount you want to pay, collect your receipt (ensure it’s kept safe) and note the confirmation number. Ensure there’s sufficient time between the payment date and the due date for the funds to be placed into your account.
2. How To Pay With Online Banking?
To make payment, fix up your bank account for telephone or internet banking utilizing your York University student number, and insert the firm name/ payee as York University. Finally, indicate the amount you want to pay and make a copy of the payment receipt. The payment will be accepted so long it’s made by the due date. The school has ensured that there are extra days after the due date so the payment can get to York in time to avoid any penalty.
Disadvantages
It should be noted that this payment option is available just for domestic students. However, if you’re an international student, worry not, we’ve got you covered.
CIBC International Student Pay And Western Union GlobalPay
These two internet banking providers have been partnered by York University to provide safe online portals for international students to pay their fees. It should be noted that the institution deters students from using third-party middlemen such as agents to avoid any unforeseen cases of refunds. Hence, all fees should be made payable to York University and not a third party.
How To Make Payments?
Here’s the payment procedure for both CIBC and Western Union.
Simply log in to either of them and select your payment option (you can make use of multiple payment options). Insert your student’s details, and payment details and confirm the sending of the fund to your York University student account. International students should monitor their accounts using Passport York.
Benefits
The two sites provide benefits ranging from accessing competitive rates to the support provided by their service provider. Payments can be also made anywhere in the world and one’s preferred local currency without any extra charges.
Select from either payment option and compare their rates and pick the one that best addresses your needs.
Disadvantages
It should be noted that Russia has been suspended from making any transaction with either Western Union or CIBC until further notice. If you’re in any way affected, get in touch with the institution’s registrar services.
Caisse Populaire And Credit Union
Credit Union (known as Caisse Populaire in French) is a member-owned financial institution in Canada that offers nearly the same banking services as a regular bank. The only difference is that members are owners and there are fewer assets under management.
Making payment through it works the same way as a normal bank for York University students. The payment can be made via telephone or internet banking, mobile phone, or ATMs.
In anyways, here’s how you can pay through a Credit Union.
How To Make Payments?
Log in to the app, and search for the York University institution (you must have registered it beforehand on your bill file). Enter your student account number as the reference number, and confirm the information is correct. Select the amount, adjust the date if necessary and click the account to be debited and press OK. Finalize the information and confirm payment.
Benefits
It’s smaller, more personalized and offers are less expensive.
Disadvantages
Payment through a Credit Union takes a longer period than normal banks.
Wire Transfer
Wire transfers are a secure and fast way to move money from one bank account to another using electronic banking. It does not require a third party to transfer funds. Students can make use of wire transfers for transactions within Canada as well as internationally.
How To Make Payments?
To make payment via wire transfer (domestically or internationally), one needs to have the details of one’s York University bank account, bank or Credit Union address, the Swift code, and the currency of the destination account in case the currency needs conversion.
After all, these are in place, input the necessary details and then add your School of Continuing Studies 9-digit number as this transfer method is available, particularly for students of continuing education (one of the special programs in the school).
Benefits
It’s a quick and secure way to make payment. It’s available for both international and domestic students.
Disadvantages
It must be made into your School of Continuing bank account as making it into the school’s main bank account could result in a holdup in the enrolment process. It also takes 5 business days for the international transfer to go through, unlike the domestic one which takes just a few hours.
Other Payment Options
HigherEdpoint
With the introduction of the HigherEdpoint program, students can now fund their fees by converting Aeroplan Miles into $250 worth of credits. If you would like to learn more about how your relatives and friends can donate their points to you, visit HigherEdpoint.com.
Conclusion
York University is the third-largest and one of the best universities in Canada. It offers a wide spectrum of studies for students not only in Canada but around the world and this has earned it the prestigious position as the 494th best University in the world according to the 2022 World University Ranking.
With over 120 programs for undergraduates coupled with 17-degree types, the school has put in place various payment options to meet up with these glittering standards. So, whether you’re a freshman, an international student, or a domestic student, be sure to use this above-mentioned information to pick the payment option that serves your specific purpose.
FAQs
- How Do I Get A Refund?
To get a refund, sign up for an Electronic Fund Transfer which ensures a direct and speedy deposit of the refund into your account.
- What Is The York University Wire Transfer Details?
It depends on the currency. For a Canadian dollar, you’ll pay into 2461990135 while for a US dollar you’ll pay into 2461990135. Afterward, add the Swift code BOFMCAM2.
- Does York Accept Payment Via Credit Card?
Yes, the school of continuing studies accepts payment with a Visa card or Mastercard.
