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Making a Fee Payment

Location: > Fees University of Toronto > Sessions > Fall Winter 2013 2014 > Making Payments > Making a Fee Payment



Contents :

I. Where & How to Make a Fee Payment in Canada

II. Methods of Fee Payment from Outside Canada

III. Confirming Receipt of Your Fee Payment on SWS/ROSI

IV. Additional Instructions for Payment for Registration 

V. Additional Instructions for Post-Registration Payments   
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I. Where & How to Make a Fee Payment in Canada


**ALL PAYMENTS ARE MADE AT A CANADIAN FINANCIAL INSTITUTION**

**CREDIT CARD PAYMENTS ARE NOT ACCEPTED**


Students are responsible for planning sufficient time for payments to reach the University’s bank account and to be recorded in the student’s SWS/ROSI account by the divisional payment due date. The transfer of funds from major Canadian financial institutions normally takes three to five business days, however the transfer from Canadian credit unions can take much longer.

Make sure you keep your receipt or your fee payment verification/confirmation number. It is your proof of payment and will be requested to follow up on any payment problems.

All payments are applied to the charges on your Financial account according to the algorithm of 'oldest first'. This means that the oldest outstanding charge in the oldest session will be cleared first; there is no distinction between the type of charge, e.g. residence fees, academic fees etc.

NOTE: If a friend or relative makes payment on your behalf and you decide not to attend the University of Toronto, note that any refunds are issued as a cheque in Canadian funds payable to the student.

Option 1 : Bank Machine or Teller

You may pay at a BANK MACHINE or at a TELLER. Take a copy of your Financial account in invoice format printed from the Student Web Service/ROSI with you. Your account number & student number printed on the invoice format account are needed to ensure the payment is credited to your account. Your account number is displayed on the top right-hand corner of the invoice format of your Financial account on the Student Web Service/ROSI. It consists of the first five characters of your surname (in capital letters) and 10 numbers which is your student number with leading zeroes unless it begins with “1”. Make sure you distinguish between the letter 'O' and the number 'zero'.

If you have a Canadian bank account at one of the following financial institutions, you may make a payment at the teller with a print out of your SWS/ROSI invoice:

Bank of Montreal (BMO)

Canadian Imperial Bank of Commerce (CIBC)

HSBC Bank Canada

Royal Bank of Canada (RBC)

Scotiabank

TD Canada Trust

Most credit unions

It will take 3-5 business days for the payment from a major Canadian financial institution to be posted to your ROSI account, however the transfer from a Canadian credit union could take longer. If you check your ROSI account using the Student Web Service/ROSI and do not see the payment listed on the Payments Report under the Financial Account tab, check again in a few days. There are daily updates from the bank to the University.

Option 2: Telephone or Online

You may pay using TELEPHONE or ONLINE banking if your financial institution offers this service. Some financial institutions will only accept telephone or online bill payments i.e. PC Financial. Just call your financial institution's telephone or online banking service and provide them with your account number and the payee name ' University of Toronto '. Your account number is displayed on the top right-hand corner of the invoice format of your Financial account on the Student Web Service/ROSI. It consists of the first five characters of your surname (in capital letters) and 10 numbers which is your student number with leading zeroes unless it begins with “1”. Make sure you distinguish between the letter 'O' and the number 'zero'.

It will take 3-5 business days for the payment from a major Canadian financial institution to be posted to your ROSI account, however the transfer from a Canadian credit union could take longer. If you check your ROSI account using the Student Web Service/ROSI and do not see the payment listed on the Payments Report under the Financial Account tab, check again in a few days. There are daily updates from the bank to the University.


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II. Methods of Fee Payment from Outside Canada

**CREDIT CARD PAYMENTS ARE NOT ACCEPTED**


Students are responsible for planning sufficient time for payments to reach the University’s bank account and to be recorded in the student’s SWS/ROSI account by the divisional payment due date. The transfer of funds from major Canadian financial institutions normally takes three to five business days, however the transfer from Canadian credit unions and from financial institutions from outside of Canada can take much longer.

University of Toronto students normally pay tuition fees at a branch of a financial institution (bank) in Canada. International students studying in Canada are encouraged to set up a Canadian bank account so that fee payments can be made by bank transfer. The Centre for International Experience has provided helpful links to Canadian financial institutions on the Money Matters webpage.  Most banks can set up Canadian bank accounts after arrival in Canada but there is at least one financial institution that can set up a Canadian bank account prior to arrival in Canada for students from China, India, Mexico, Philippines, and United Kingdom.

If you need to make payment from outside Canada, here are two methods by which you may send money to the university. All payments must be accompanied by the student's name, student number, and (if possible) the student’s program of study or a copy of your Financial Account in invoice format printed from the Student Web Service/ROSI.

NOTE 1: Payment transfers will only be accepted for the amount of tuition and residence fees. Amounts in excess of the required fees may be returned to the sender. Funds for living expenses MUST be directed to the student's own financial institution.

NOTE 2: Sometimes students may be asked by the Canadian Embassy or Consulate in their home countries to pay tuition fees in advance of a student authorization being granted, especially if there is a limit to how much money the student is allowed to take out of the country. If the timing is such that the University has not finalized the tuition schedule for the coming session or the fees have not yet been recorded on your Student Web Service/ROSI invoice, the University can provide students with an estimate of the fees payable based on the previous year's fees. It is possible for students to send a lump sum payment to the University, which will be held until actual tuition charges for the session is assessed. A receipt will be issued which the student can use as proof that tuition has been paid.



Option 1: WU GlobalPay for Students


WU GlobalPay for Students allows students from all countries outside of Canada to pay the Canadian dollar payment in the currency of choice at a local bank at a competitive exchange rate and with NO transaction charges from WU GlobalPay or the University of Toronto. Your local bank will transfer your local currency fee payment to Western Union, and Western Union will convert your fee payment into Canadian dollars and direct the payment to the University of Toronto. The payment will be converted by WU at the rate the student has locked-in and is guaranteed for 72 hours. The funds will then be delivered directly to the University of Toronto with student identification information within three business days.

This option is not available for admission, acceptance, confirmation deposits for graduate and some undergraduate academic programs and all residences. Deposit payment instructions are included in the correspondence provided to students who are required to make these payments.

New for 2013-14

Students from China:
Tuition fee payments can be made in Chinese Renminbi by:
    1) UnionPay debit card through ChinaPay; or
    2) CITIC Bank (Guangdong Province only) internet banking or going to a CITC location.

Students from India:
Tuition fee payments can be made in Rupees(INR) at hundreds of combined Western Union (with Weizmann Forex and Paul Merchants) locations across India after students record their transactions on WU GlobalPay online platform.

Students from Korea:
Tuition fee payments can be made in Korean Won by transferring funds at any Hana Bank location.


If you choose to proceed, you will be transferred to a secure website (by clicking on the WU GlobalPay link below) where you will receive instructions on how to complete the payment to a local banking institution in your currency of choice.

Step 1

After providing your student name and number you will be directed to a web page where you will be able to enter in the Canadian dollar amount you wish to pay to the University of Toronto.

Step 2

Record the amount being transferred to the University of Toronto in Canadian funds.

The amount being transferred to the University of Toronto should be for tuition, residence and other ROSI Student Account charges. This option is not available for admission, acceptance, confirmation deposits for graduate academic programs and all residences.

Step 3

You will then select your preferred currency from a drop down menu.

If your local currency is not listed on the drop down menu, then select another currency on the list even if the country name differs from your country name e.g. United States Dollar or Euro.

A conversion at a competitive rate of exchange from the Canadian dollar amount will be applied to your chosen currency through the Western Union real-time rate engine.

You will have the opportunity to view the payable amount in your local or chosen currency before committing to the transaction.

To proceed with the transaction simply click OK and you will be presented with the banking instructions to make the payment.
 
You need to proceed to YOUR BANK (DO NOT take your bank instructions to a Western Union retail outlet) immediately to ensure that the payment is transferred to Western Union within 72 hours to lock in the quoted exchange rate.

Step 4

The exchange rate quoted will remain valid for 72 hours during which time you or the payer must take the banking instructions to your bank, who will initiate the transfer of funds through Western Union for credit to the University of Toronto.

Western Union must receive your payment within 72 hours of your receipt of the applicable currency quote.

In the event Western Union receives your payment after the 72 hour period Western Union shall use the current exchange rate to convert the currency.

Step 5

On receipt of the fee payment from WU, your SWS/ROSI account will be credited. While the transfer is in progress your account will continue to show the outstanding amount. This normally takes 3 business days from the date of receipt of funds in the University of Toronto bank account.

On SWS, check the Payment Report under the Financial Account tab to confirm receipt of funds.



Click here to begin the process of WU GlobalPay for Students.

It will takes up to 3 business days for the payment made via Western Union bank to bank transfer to be posted to your ROSI account. If you check your ROSI account using the Student Web Service/ROSI and do not see the payment listed on the Payments Report under the Financial Account tab, check again in a few days. There are daily updates to the University.


Option 2: Bank Draft or Money Order in Canadian funds

Send a bank draft or money order in Canadian funds, payable to the 'University of Toronto'. Mail or courier payment to University of Toronto, Student Accounts 215 Huron Street, 3rd floor, Toronto, Ontario, Canada, M5S 1A2.

All payments must be accompanied by the student's name, student number and (if possible) the student’s program of study, or a copy of your Financial Account in invoice format printed from the Student Web Service/ROSI. 


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III. Confirming Receipt of Your Payment on SWS/ROSI


Make sure you keep your receipt or your fee payment verification/confirmation number. It is your proof of payment and will be requested to follow up on any payment problems.

It will take 3-5 business days for the payment from a major Canadian financial institution to be posted to your ROSI account, however the transfer from a Canadian credit union, or a financial institution outside of Canada could take longer. If you check your ROSI account using the Student Web Service/ROSI and do not see the payment listed on the Payments Report under the Financial Account tab, check again in a few days. There are daily updates from the bank to the University.

All payments are applied to the charges on your Financial account according to the algorithm of 'oldest first'. This means that the oldest outstanding charge in the oldest session will be cleared first; there is no distinction between the type of charge, e.g. residence fees, academic fees etc.


IV. Additional Instructions for Payment for Registration


If you do not have a financial arrangement to register without payment, payment must be made before you can register for the fall-winter session - either the total fee or the minimum payment. Both the 'Total Tuition' amount and the required 'Minimum Payment to Register' (65% of total + any arrears) are displayed on your account on Student Web Service/ROSI (invoice format).

All payments are applied first to any outstanding charges from a previous session. Therefore, your payment must be enough to cover in full any unpaid charges from a previous session as well as the required tuition payment for the summer session.

If you choose to make the minimum payment for registration in the fall-winter session, service charge will be applied to the outstanding balance of the fall-winter session fees beginning as of November 15, 2013 and as of the 15th of every month at a rate of 1.5% monthly (19.56% compounded annually) until the account is paid. Service charge billing for students who have an approved Scholarship/Award or Tuition Waiver financial arrangement will begin as of May 15, 2014.

Refer to the section on Financial Arrangements, if:

You are receiving OSAP (or another government loan) or an award and you have an approved financial arrangement to register without payment.

Your fees are being paid by an outside agency or organization which requires an invoice from the University.

You have a tuition waiver for staff or staff dependants.

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V. Additional Instructions for Post-Registration Payments


After registration, it is recommended that you make monthly payments towards your Financial account balance. The amount of each payment may vary, depending on your resources and your other financial obligations. The important point is that you continue to pay off your account. Every payment will reduce your account balance, which, in turn, will reduce the amount of service charge assessed.

There are two details to remember: (1) there is a monthly service charge of 1.5% (19.56% compounded annually) applied to the outstanding balance, and (2) your account must be paid in full by the end of the fall-winter session (April 30, 2014).

If you would like some assistance in developing a payment plan, speak with the financial advisor in your Registrar's Office http://www.adm.utoronto.ca/adm-awards/html/financial aid/counselling/directory.htm.

Your account balance reflects all charges, payments & deposits. Deposits made for future sessions are not applied to current outstanding charges.

In order to clear your current session outstanding balance, after payment your Financial account balance should reflect the full credit amount of your deposit. The deposit credit balance will be applied to the charges in the session for which the deposit was intended e.g. residence.

Your account must be paid in full by the end of the fall-winter session (April 30, 2014). If your account is not paid in full by the end of the fall-winter session, you will not be permitted to register again and production of your transcript will be blocked until such time as your arrears are cleared.

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