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U.S. banking connections should be established before you leave home. To transfer money to the U.S., you can instruct your home bank to issue a foreign draft on a U.S. bank in New Haven. This is preferable to presenting a draft on a New York City bank. Clearance on a draft between banks in different parts of the U.S. can result in a delay of up to two- three weeks in making funds available. Since there are expenses, which must be met immediately upon arrival, you may want to avoid unnecessary delays. A few U.S. banks have branches in foreign countries. These could be used if the U.S. bank is located within the vicinity of New Haven. If not, all large U.S. banks have what are called "correspondent" foreign banks in which they have established financial connections. In most countries you can find a local bank that has correspondent relations with a U.S. bank in the New Haven area. A transfer of money from one correspondent bank to another requires obtaining a draft from the home bank and presenting it, with personal identification, to the U.S. bank. The U.S. bank will then give credit in U.S. dollars. You may also request that your bank at home "wire" money to you once you have opened an account at a New Haven bank. Below is a list of banks in New Haven close to campus.  You should consult with the individual banks about the arrangements for transferring funds as well the different features, services and fees charged.
Bank of America, 157 Church Street and 88
Broadway, www.bankofamerica.com
Citizens Bank, 209 Church Street, (203) 821-
3080, www.citizensbank.com
Chase Bank, 234 Church Street, (212) 935-7744,
www.chase.com
TD Banknorth, 2 Whitney Avenue, (203)
782-3601, www.tdbanknorth.com
NewAlliance Bank, 195 Church Street, (203) 789-
260, www.newalliance.com
People’s United Bank, 265 Church Street, (203) 785-9119,
www.peoples.com
Wachovia Bank, 47 Church Street or Church and
Elm Streets, (203) 773-8002,
www.wachovia.com
Webster Bank, 80 Elm Street, (203) 782-4588,
www.websterbank.com


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OFFICE OF INTERNATIONAL STUDENTS AND SCHOLARS
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YALE UNIVERSITY
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Last updated: 05/07/2008 03:31:16 PM

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