1. Write the date on which you are issuing the cheque;
2. Write the name of the person or business to whom you are making payment;
3. Write the amount of the payment in arabic numerals;
4. Spell out the number of dollars included in the payment and write the number of cents in the form of a fraction, e.g., 50/100 means $0.50 or 50 cents;
5. Sign your name to the cheque.

Customer service representatives at the bank are available to answer any questions you may have on any banking process.

Travellers Cheques

These cheques provide the safest way of carrying about large amounts of money when travelling. Travellers cheques are sold for a small fee at the bank and the customer service representative will explain how to fill them out. One big advantage of travellers cheques is that if they are lost, they can be replaced. They are also more easily accepted by hotels and businesses in areas away from your home.

Banking Hours

In Fredericton, the Bank of Montreal on campus is open from 10:00 a.m. to 3:00 p.m. Monday to Friday. Instabank, an automated banking machine, is available 24 hours per day.

Instabank is located in the lobby of the Bank of Montreal, Campus Branch. This is also an Instabank in the Student Union Building.

Other banks in the Fredericton area may have slightly different hours. Some may be open for a few hours on Saturday, but in most cases they are not. Check with your bank to find out banking hours.

In Saint John, there is a bank machine for withdrawing cash in the lobby of the Thomas J. Condon Student Centre. For other banking needs, the closest banks to campus are the Bank of Nova Scotia at 725 Millidge Place and the Royal Bank at Lansdowne Place.

 

Canadian Currency : Coins

(not to scale)

(Maple Leaf) Penny - $0.01	(Beaver) Nickel - $0.05	("The Bluenose" Schooner) Dime - $0.10	(Cariboo) Quarter - $0.25
(Loon) Looney - $1.00		(Polar Bear) Tooney - $2.00

 

 

Money Management Hints

1. Do not carry large amounts of money with you or keep large amounts in your residence. Deposit it in the bank.
   
   
2. Budget carefully. You have a specific income and certain basic expenses. Work out how much you can really afford to pay on major items such as housing. See also the budget tips page.
   
   
3. Pay bills at the start of each month so you know how much money you have left.
   
   
4. Credit. Although it may seem like a good idea to use credit for large items when you do not have enough cash on hand, remember that you will be paying a large amount - up to 20% - in interest. You should add this expense when estimating the total cost of your purchase.
   
   
5. Buying Second Hand Items. Second hand books are often advertised on notices around campus and may result in great savings. Garage sales for clothes and household items happen frequently. They are sometimes advertised in the paper. You may also see signs outside houses. Check bulletin boards in public areas, such as food markets, for sales. Ask students. When you leave, sell the items you don't need in the same way by advertising in notices. The Salvation Army sells second hand articles.
   
   
6. Be careful of the amounts you spend eating out. If you are not in residence, it may seem faster and easier to eat in restaurants than to prepare your own meals, but this can become an expensive habit.
   
   
7. Watch for sales. Check the newspapers for advertisements. At the end of a season particularly, certain stores may sell items for a lower amount than usual.
   
   
8. Banking machines, checking accounts -- always monitor your balance!!

Financial Aid

Our financial aid is provided in the form of government subsidized tuition fees. No formal aid is offered, instead it is "built in" to your low tuition costs. Although we ask that students from outside of Canada pay an "International Differential Fee," this fee still only represents a portion of the cost to study at UNB for one year. The remaining amount is covered by the Canadian Government.

Scholarships

The UNB Scholarship Guarantee program provides scholarships to new 1st year students. If you have an admission average (determined by the Registrar's Office) of 90% and above you will receive $1,000. Students with an average of 85%-89% will receive $500. Our Registrar's Office will determine the equivalency between your country's education grading system and the Canadian system. You are not required to submit a scholarship application to be considered for the UNB Scholarship Guarantee program.