Applying for a New Zealand student visa often requires proof that you can cover living expenses. For many international students, this process feels stressful and complex.
That’s why the New Zealand Funds Transfer Scheme (FTS) was introduced — a trusted financial solution that makes proving funds simple, secure, and transparent.
What is the Funds Transfer Scheme (FTS)?
The Funds Transfer Scheme (FTS) is an account, usually opened with ANZ Bank or other designated institutions, where students deposit their living costs for the first 12 months before arriving in New Zealand.
Immigration New Zealand officially accepts the New Zealand Funds Transfer Scheme as valid financial proof for student visa applications.
How Much Do You Need to Transfer?
- NZD 20,000 → For college or university students
- NZD 17,000 → For high school students aged 13+
Funds are deposited before arrival and released monthly after you land in New Zealand, ensuring steady access to living expenses.
Why Choose FTS?
✔️ Simplifies the financial proof process — no lengthy paperwork
✔️ Boosts your visa approval chances with clear, upfront proof
✔️ Ensures steady monthly withdrawals for living costs
✔️ Officially recognised by Immigration New Zealand → transparent & safe
What This Means for International Students
By using the New Zealand Funds Transfer Scheme, students benefit from:
- Less stress during the visa process
- Reliable access to money while living in New Zealand
- Stronger chance of visa approval compared to traditional financial documents
Final Tips for Applicants
✔️ Always check the latest updates directly from Immigration New Zealand.
✔️ Compare living cost requirements with your chosen university to budget correctly.
✔️ Don’t forget to purchase student insurance – a mandatory requirement for international students in New Zealand.
