As an admitted degree candidate at IE, you’ll likely want to set up a bank account ahead of your arrival so that you have funds ready and waiting upon arrival. Having your bank account ready and with a positive balance upon touchdown at Barajas means that you will more quickly be able to sign an apartment lease, get gym memberships, make that necessary trip to IKEA… However do keep the following policy in mind:
IE FINANCIAL AID DOES NOT WORK WITH THIRD PARTY SERVICE PROVIDERS WITH REGARDS TO OPENING STUDENT BANK ACCOUNTS, AND IF YOU CHOSE TO OPEN A BANK ACCOUNT WITH ONE OF THESE THIRD PARTY SERVICE PROVIDERS, YOU DO SO AT YOUR OWN RISK.
IE Financial Aid has banks it works directly with, but we can only support students who open their bank accounts directly through our department. If you open an account through a third party service provider you do so at your own risk, and IE Financial Aid will not be able to help you should there arrise a problem with your account or bank transfers.
We strongly recommend students do not use these third party service providers, and that they instead open their accounts through our central Financial Aid service. If there are problems related to funds transfer not being received, unpaid fees or other issues, IE Financial Aid will not support students who have not opened their account through IE Financial Aid.
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