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For security and convenience reasons, CEU does not disburse stipends
in cash. Fellowship students receive their monthly stipend in Hungarian
forints (HUF) by bank transfer. At the beginning of the academic
year, CEU assists students with opening a bank account with one
selected bank (Inter-Europa Bank); students will receive a bank
card provided the Financial Aid & Residential Life Office questionnaire
is returned on time. Alternatively, students may, if they wish,
open an account with another bank in Hungary using their own funds
or cash transferred by CEU as a stipend, but CEU cannot offer individual
assistance. Detailed information on banking is provided by the Budget
and Finance Office.
The Budget and Finance Office (BFO) pays stipends to students based
on the lists provided by the Financial Aid & Residential Life
Office each month. These lists contain the names of students who
are entitled to receive stipends for the coming month, the amount
of the stipend and the approvals of the relevant Department Coordinator
and Financial Aid Officer. The stipend is transferred to the student's
IEB account by the 4th day of each month.
All payments to students are managed through a transfer into their
HUF account. Payments include stipends, travel grants, research
grants, etc. In cases of travel abroad, students are responsible
for converting the stipend/grant into the relevant foreign currency
through their IEB bank account.
If a student is absent from CEU, stipend payments can be advanced
in HUF for a maximum of three months. For advance payments of a
stipend for more than three months, the student must document the
request and obtain the department's endorsement that this absence
is a part of his/her study plan.
These are doctoral students receiving the Doctoral Research Support
Grant at a foreign institution for up to six months. Their subsistence
funding is awarded in EUR. In addition to purchasing their ticket,
CEU provides an advance payment of up to 500 EUR for the purposes
of visa and settle-in cash after arrival. Any subsequent grant payments
are wired in installments in EUR into the student's bank account
in the country of temporary residence.
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