Bangladesh Bank Allows International Cards for Overseas Education Payments: Students Can Pay Tuition
Dhaka, August 10, 2026 — Bangladesh Bank has authorised banks to issue international cards for students to pay tuition fees and other education-related expenses to foreign institutions — responding to the growing requirement from overseas universities for international card payments.
📱 The New Policy
According to a circular issued on August 10, authorised dealer (AD) banks may issue debit, prepaid, or credit cards in the name of students or individuals financing their education. The move comes as overseas universities and admission platforms increasingly require international card payments for tuition, admission, and other education-related fees.
📋 Key Rules
- ✅ Transactions treated separately — not counted against travel quotas
- ✅ AD banks must complete all regulatory formalities before issuing cards
- ✅ Cards must be used strictly for approved education-related payments
- ✅ Banks must maintain proper records and report to BB using prescribed purpose codes
- ✅ Cards have a specified validity period
This news was originally published by The Business Standard. For the full original report, please visit: https://www.tbsnews.net/economy/banking/bb-allows-international-cards-overseas-education-payments-1511351
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