Student Financial Services

Wire Transfer Instructions

Last Updated: Jul 21, 2016 03:25PM CDT

Student and families that would like to make tuition payments by wire transfer (IFT or International Funds Transfer) can now do so in CASHNet. SAIC and CASHNet (using Western Union as the "no fee middle-man") work together to offer competitive wire transfer exchange rates.


Watch the video below to help you learn how to make a wire transfer (IFT) payment in CASHNet by going to SAIC Self-Service (referred to as our School Portal in the video).
 



Pay your International Tuition through your Educational Institution's Website

This video is available in the following languages:
Spanish
French
Indonesian
Cantonese/Traditional Chinese
Mandarin/Simplified Chinese
Korean
Hindi


Overview

  1. Initiate a Wire Transfer Conversion Rate Quote in CASHNet—Obtain a Wire Transfer Conversion Rate Quote* (instructions below) in CASHNet. The quote is good for 72 hours and will expire after that. The wire transfer quote will be listed in your CASHNet account under "Your Recent Payments" as pending until the transaction has been completed by you.You may want to compare this conversion rate quote to the conversion rate you can get your own bank before you move on to Step 2.
     
  2. Instruct Your Bank To Transfer the Funds—Upon obtaining the quote from CASHNet, use the instructions provided by CASHNet to complete the transaction. Complete this by doing one of these 3 actions:
    • print the form in CASHNet and take it your bank or,
    • transfer funds via your online banking service (if applicable) using the instructions provided or,
    • transfer funds by calling your bank directly, using the instruction provided.
  3. Your Student Account at SAIC Will Be Credited In 2–5 Days—Upon receipt of the funds from CASHNet, your student account at SAIC will be credited immediately. Please allow 2–5 days for funds to be received after you have instructed your bank to transfer funds.
     

*How to Obtain a Wire Transfer Conversion Rate Quote from CASHnet

(Wire Transfer Conversion Rate Quotes expire after 72 hours)


Step 1 Login to CASHNet
Student Users—Log into SAIC Self-service and click on the CASHNet link in the Finance section. Your internet browser's pop-up blocker must be turned off. This will bring you to the CASHNet page.
- or -
Parents/Authorized User—Login in to CASHNet directly using the special URL link provide to you by the student or click here.


Step 2 Initiate the Payment Quote Process
In the upper left-hand corner, go to Your Account > Make a Payment > Tuition and Fees and enter the amount you wish to pay. Then click on Add to Shopping Cart > Checkout.


Step 3 Choose the Wire Transfer Option
At the Select Method of Payment screen, choose Wire Transfer (US and International) > Continue Checkout.


Step 4 Enter the Currency Information
Enter the data required on the Enter Foreign Currency Information screen including:

  • the country your bank is located and
  • which type of currency you will be using to pay

Follow the instructions to get your 72 hour conversion rate quote.


Step 5 Instruct your Bank to Transfer the Funds
Upon obtaining the quote form from CASHNet, you should complete the transaction by doing one of these 3 actions within 72 hours to avoid the quote from expiring:

  • print the form and take it your bank or,
  • transfer funds via your online banking service (if applicable) using the instructions provided or,
  • transfer funds by calling your bank directly using the instructions provided

Contact Us

  • Email Us
  • Student Financial Services

    Sullivan Center
    36 S. Wabash Ave., suite 1200
    Chicago IL 60603
    Phone: 312.629.6600
    Fax: 312.629.6601

    Office Hours:
    Monday–Friday (except for holidays)
    8:30 a.m.–4:30 p.m.

sfshelp@artic.edu
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