Admissions / Schemes / Payment Modes
Course Fee Payment Modes
It is important to note that Course Fees can ONLY be paid to the “STEi Institute STFA (ESCROW)” account.
All Course Fee shall be remitted into the “STEi Institute STFA (ESCROW)” account in Singapore Dollars. The Course Fee is protected by the Escrow Bank (DBS Bank Ltd) in case of the School’s Liquidation or Regulatory Closure or Malpractices.
The Course Fee would be disbursed to STEi Institute Pte Ltd at pre-determined Time-Line as established by DBS Student Tuition Fee Account (Escrow) – Standard Operating Procedure.
We wish to inform students that the two preferred modes of payment for Course Fees are:
- a Bank Draft or
- Telegraphic Transfer (Wire Transfer).
For Singapore-based (i.e. Local) Students, payment mode can also be through a Local Bank Cheque made in favour of “STEi Institute STFA (ESCROW)”.
Miscellaneous Fees and Application Fees Payment Modes
We wish to inform students that the modes of payment for Miscellaneous Fees and Application Fees are as follows:
- a Bank Draft or
- Telegraphic Transfer (Wire Transfer)
For Singapore-based (i.e. Local) Students, payment mode can also be through a Local Bank Cheque made in favour of “STEi Institute Pte Ltd”.
It will be better to pay by cash, usually, for smaller amounts (such as the Application Fee) as it would avoid incurring of bank charges which otherwise will incur when payment via Bank Draft. The Student may wish to wish to enquire with his/her Bank before deciding on the Mode of Payment.
Students are strictly forbidden from sending Cash via Post (Mail) and STEi shall Not be Responsible for any Loss of Cash in Transit.
Students can only use the Cash Mode of Payment for Miscellaneous and Application Fees Only when they are physically in Singapore and they must immediately get a Receipt from STEi for every Payment made.
If the Student is not in Singapore, such Fees can only be remitted to STEi Institute Pte Ltd either through Bank Draft or Telegraphic Transfer.