I have made a cash payment to secure my place in the course, and I have also applied for a Post-Secondary Education Account (PSEA) withdrawal to pay for the course fees. How long will it take for the PSEA funds to be credited back to my bank account?
All funds withdrawn from your Post-Secondary Education Account (PSEA) are paid directly to your approved institution, and not to your bank account.
Your approved institution will arrange for the excess payment you paid in cash to be returned to your bank account. Therefore, you may approach your institution directly to enquire on the status of reimbursement.
This information is sourced from MOE
Related questions
How do I apply for the withdrawal of the Post-Secondary Education Account (PSEA)?
How long will it take to process my Post-Secondary Education Account (PSEA) withdrawal request and for the amount to be transferred to the loan administering agency (e.g. agent bank, institution, CPF Board)?
Can I use my Post-Secondary Education Account (PSEA) to pay for my loans while I am still studying?
Can I apply for the Post-Secondary Education Account (PSEA) fund to be used to cover the course fees which I had paid earlier and get a reimbursement from the institution?
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