St. Olaf College has partnered with peerTransfer to offer an innovative and streamlined way to make international tuition payments. PeerTransfer’s mission is to save international students and their families money that would otherwise be lost on bank fees and unfavorable foreign exchange rates. With peerTransfer, you can pay from any country and any bank. You are also offered excellent foreign exchange rates, allowing you to pay in your home currency (in most cases) and save a significant amount of money, as compared to traditional banks. In addition, the posting of the payment into your St. Olaf College account will be faster, you will be able to track where your payment is in the transfer process via a student dashboard and you will be notified via email when it is deposited into our account.
The information below includes a summary and instructions.
Log into your SIS Financials page and choose International Wire to begin the payment process.
Or you can link directly to stolaf.peertransfer.com
- To get started, select the country from which your funds will be coming from and the payment amount (in US dollars) you wish to make to your student bill.
- In most cases, the US dollar amount will be converted into your home currency at preferential exchange rates, which will translate into savings for you.
- After providing some basic information, you will visit your bank (via phone, online or in person) to send funds from your local bank to peerTransfer.
- peerTransfer will then convert the funds to U.S. dollars and forward the US dollar amount to St. Olaf College where it will be directly credited to your student billing account.
- Through the peerTransfer student dashboard you will be able to track where your payment is in the transfer process.
- You will receive an email confirmation when your payment is deposited into St. Olaf’s Wells Fargo bank account.
- No matter your time zone, you will have a dedicated multilingual customer support team available to you -reachable 24/7 via live chat, Skype, email and phone to answer any of your questions.