While traveling abroad for higher studies opening a bank account should be your top priority. A student bank account abroad is the safest and most effective way of managing your money, especially the course is more than a year long. These accounts help in paying fees and collecting payment for any part-time job on the campus. Most foreign universities have arrangements with banks to help international students open accounts. Research whether the local foreign bank on campus is more beneficial or an Indian bank in the foreign city. For instance, ICICI Bank UK PLC offers bank account in UK for Indian students.