Living cost in Ningbo

The cost of living in Ningbo is much cheaper than in many cities in the world. The cost of living in Ningbo for a single international student is estimated at 2500-3500 RMB per month including accommodation, meals, entertainment and other necessities depending on life style.

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Payment methods

1. Pay by TT transfer to following bank account before you arrive (Recommend):

Bank Name : Bank of China Ningbo Branch
Bank Address : 139 Yao Hang Street Ningbo China
Swift Code : BKCHCNBJ92A
Bank Account Number : 376658330575
Bank Account Name : University of Nottingham, Ningbo, China

• For TT transferring, please note that any foreign currency will automatically be transferred into RMB and the exchange rate and any bank charges will automatically base on the bank system on the time your money arrives.
• The University will refund surplus if you pay more or recharge to you if you pay less when you arrive in the University.
• Please indicate your full name on the remarks of the remittance for our identification, and keep your voucher/remittance together with you, in case the money you paid does not arrive to the account yet due to the different bank transferring when you arrive the University of Nottingham Ningbo China, then you can show it to finance dept as the evidence.
• It is recommended to transfer money in Bank of China at your country.
• You can pay the fee in any kind of the currency above on your option

2. Pay cash to finance office (Room AB413) upon your arrival. Please bear in mind that overseas bank card can not withdraw such large amount of money at one time. So you have to bring enough cash with you if you want to pay cash.