PMT KB Article 10 – 007 - What exchange rate will be applied to my Domestic RMB Transfer?

PayMyTuition offers students wholesale currency exchange rates that are significantly better than most main street banks. Currency exchange rates change every second, and as an international student, it can be difficult to keep track of the latest rates and trends. We offer a Rate Guarantee to give you the confidence that you are getting the best possible rate.

We often hear from students and payers who look at mid-market rates on Yahoo, XE.com and Reuters to determine what the real-time rates are. The quotes provided by these sites are “inter-bank” tradeable rates for currency transactions between banks, and are not available to the public.

Keeping with our Rate Guarantee, we urge students to compare our rates to those of your banks. We want to ensure that you get the lowest possible price on your international tuition payments.