Bank Account

How can I open a bank account?

We are still working on it. Please be patient. We understand that those details which you want to read right now might be very important for you. If you want to know more details, please send an email to contact@mestudent.com and we will reply within 24 hours.

Where will I have to go to open a bank account?

We are still working on it. Please be patient. We understand that those details which you want to read right now might be very important for you. If you want to know more details, please send an email to contact@mestudent.com and we will reply within 24 hours.

Which is better to use, Bank or PayPal?

This is up to you. One is not necessarily better than the other, but we wanted to provide you with options for cashing out your points.

If you use your bank account it is much simpler and quicker, with monies being deposited to your bank account within 18 hours from the time you click ‘cash out’. If you are overseas a higher fee will apply to transfer money from Australia to your country.

Using PayPal takes slightly longer, you may need to wait up to 3 working days for your money to be deposited. A plus for PayPal is that if you are overseas you won’t have to pay a transfer fee (you will still be subject to a conversion rate from AUD).

It just depends on your situation and your preferences. If you are in Australia, using your bank account over PayPal is usually the better option; and if you are not in Australia (you have returned to your home country) then PayPal would be the smarter option so you can save money.

Do I get more points if I have PayPal?  

We are still working on it. Please be patient. We understand that those details which you want to read right now might be very important for you. If you want to know more details, please send an email to contact@mestudent.com and we will reply within 24 hours.

Which bank should I choose?

When you choose a bank, check if it is international student friendly. Does it have services in your language ? Can you open a bank account and deposit money from overseas ? What are the fees each month ? If you have a partner and are on the same student visa does your bank offer the same conditions to your partner and treat you both as students ? In Australia there are few differences between banks. Just choose the one that fits best for you.

Is it safe to give my bank account details to the MeStudent account page?

In order to gain points and rewards like cash, MeStudent asks for your bank details so that we can pay you for your efforts.  We use [PayPal] to verify your details in a safe and trustworthy manner. If you don’t have PayPal you are still guaranteed that your bank account details are safe when registering with MeStudent, and will only be used to receive payments from us.