You are paying into a Convera bank account, and then Convera will deposit the payment in Canadian dollars into the University of Toronto bank account. The payment will then be delivered directly to the University of Toronto with student identification information within 2-3 business days. The payment will be converted by Convera at the rate the student has locked-in and is guaranteed for 72 hours. Your local bank or online payment partner will transfer your local currency fee payment to Convera, and Convera will convert your fee payment into Canadian dollars and direct the payment to the University of Toronto. You pay the Canadian dollar fee payment in the currency of choice online or at a local bank at a competitive exchange rate and with NO transaction charges from Convera or the University of Toronto. The University does not accept wire transfer payments. The University of Toronto has authorized Convera to process incoming international student tuition and residence fee payments for the University of Toronto. Setting up a Canadian bank account will allow fee payments to be made by bank transfer from Canadian bank. View Information on ‘ Making a Refund Request’. Refunds are issued to the student even if someone else made the fee payment. Refunds are issued to the student by direct deposit or cheque (no credit card refunding). There is no distinction between the type of charge, e.g. All payments are applied to the oldest outstanding charge on the ACORN invoice. This is proof of payment and is required to investigate any payment problems. Keep your receipt or your fee payment verification/confirmation number. The University reserves the right to hold payments in excess of the tuition and residence fees for a subsequent session or to return to the sender. Payments for living expenses not billed on your ACORN invoice should NOT be made to the University. Do not pay more than your tuition, residence, meal plan, and other fees billed on your ACORN invoice. View Fee Payment & Monthly Service Charge Billing Deadlines. To reach the University and to be recorded in the student’s ACORN account by the payment due date (registration and post-registration). You are responsible for planning sufficient time for payments Important Information about Making a Fee Payment If payments exceed the amount of your tuition and residence fees or no fees were billed, or a payment for living expenses was made to the University, the University reserves the right to hold payments in excess of billed fees for a subsequent session or to return to the sender or to request that the student contact his/her bank to cancel the payment. The Student Receivables & Accounting Office does not accept payments by wire transfer and/or demand draft/money order and reserves the right to hold or return these payments. Students who choose to use other services do so at his/her own risk. The University does not authorize other payment services to handle incoming international student fee payments. This is the safest and most secure fee payment option and allows the University to return the fee payment if the student does not study at the University. There are bank-to-bank payment and online options for non-Canadian denominated credit cards (Master card, Visa, Unionpay). The University of Toronto has authorized Convera and Flywire to process incoming international student tuition and residence fee payments for the University of Toronto. Home » Making Payments » Make a Fee Payment From Outside of Canada
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