Visa money guide
F-1 student financial guide
Last reviewed
How to handle your first U.S. bank account, campus income, OPT taxes, and money sent home — without expensive mistakes.
Start with banking
Choose a checking account that is easy for campus life: debit access, low fees, and a clear path to direct deposit if you later work on CPT or OPT. Avoid overdraft products you do not understand.
Taxes while studying
F-1 tax treatment often differs from H-1B workers, especially around FICA exemptions in early years and treaty benefits. Read the F-1 tax guide and keep every Form 1042-S / W-2 organized.
OPT and CPT income
Authorized employment income still has tax consequences. Track start dates, pay stubs, and state residency changes. If you are unsure whether you are a resident or nonresident for tax purposes, use the substantial presence calculator as a learning step — then confirm with a specialist.
Credit history starts earlier than people think
Even as a student, a careful starter card or secured card can help. See how to build credit as an immigrant.
Sending money home
On a student budget, transfer FX spreads matter. Estimate costs with the remittance fee calculator before you commit.
Where to go deeper
- F-1 visa requirements and process — eligibility, documents, and the interview.
- F-1 OPT explained — how work authorisation after study actually works.
- F-1 student taxes — filing, FICA exemptions, and OPT income.
Official sources
Rules and figures change. These are the authoritative pages to check against before you act.