New Zealand's Funds Transfer Scheme (FTS) is designed to help international students manage their finances while studying in the country. Operated by ANZ Bank New Zealand Limited and overseen by Immigration New Zealand (INZ), the FTS requires students to deposit a minimum of NZ $20,000 for tertiary education into a dedicated savings account. This amount is intended to cover living expenses, excluding tuition fees. Upon arrival, students can access a fixed monthly allowance, with NZ $1,666 available for those who deposit the full amount. The scheme is mandatory for some applicants as part of the visa approval process, although it does not guarantee visa approval. Students must activate their accounts in person after arriving in New Zealand and can only access additional funds in cases of financial hardship, subject to bank approval. If a visa is declined, students can request a refund by providing the rejection letter to the bank. The FTS plays a crucial role in ensuring that international students have adequate financial resources during their studies.