UCL Students Abroad
- Why Study Abroad?
- Where can I go?
- Making a decision
- Academic matters
- How do I apply?
- Preparing to go abroad
- Your arrival
- While you are abroad
- Documents & Forms
- Returning to UCL
- International and Study Abroad Ambassador Scheme
Contact the Global Student Assistance Programme
Free, confidential support is available anytime, any day, for a variety of professional or personal matters.
REVERSE CHARGE CALLING: +44 208 987 6573
TEXTING: +44 790 934 1229
USERNAME: UCL • PASSWORD: student
Please use the links below to access information about managing your money whilst on your year abroad. For information about insurance refunds, please contact the Study Abroad Team.
If you find yourself in a position of financial hardship, or are worried that you might be facing this at some point in your year abroad, it is important that you contact us or the UCL Student Funding Office as soon as possible so that we can offer you support. Please see below for contact details:
Tel: +44 (0)20 7679 0004
The Student Funding Office is open Monday to Friday, 9am–5pm for telephone and email enquiries
You can also find information on the UCL Financial Support pages.
UK bank cards
Most UK bank cards will allow you to withdraw money from ATM machines abroad, allowing you to continue all your banking arrangements via your bank account at home. Do check on the charges incurred, however, as they can vary from bank to bank and can be considerable if you make a large number of withdrawals.
Pre-paid currency card
An alternative to using your credit or debit card to access money abroad is to purchase a pre-paid foreign currency card. This is a chip-and-pin-protected card which you can top up by cash, debit card, credit card or bank transfer, and then use to withdraw money or make purchases overseas. The principal advantage of a pre-paid card over a credit or debit card is that, when withdrawing cash from an ATM overseas, you will typically be charged a fixed withdrawal fee rather than a percentage commission.
However, as with credit and debit cards, fees and charges do apply, so investigate the different options carefully to determine which is the most convenient and inexpensive method of accessing your cash while abroad. Providers of pre-paid foreign currency cards include the Post Office (Travel Money Card), FairFX (Euro Currency Card, US Dollar Card and Anywhere Card) and Travelex (Cash Passport).
You may wish to open a local bank account, for example if you are receiving a salary or to receive your CAF in France. If you know you will need an account, think about getting one before you go through your home bank - HSBC for example can offer accounts in 49 different countries. Be aware that if you are only in the country for a short time (5 months for example) then you may have difficulty opening an account.
In general, to open a bank account abroad you will need some or all of the following documents
- Valid passport
- Local residency permit*
- Proof of address
- Proof of student status
- A sum of money to deposit
Updates regarding your Erasmus grant payments will be emailed to you directly. Please remember that the Erasmus grant should not be relied upon as a source of income and should be looked upon as a supplementary amount. You should therefore make arrangements to have enough funds to cover you for your arrival and first month or so.
More information about the Erasmus grant can be found in our Erasmus Grant FAQ.
Page last modified on 07 jan 15 10:27