Please note that there might be fees involved and the refund amount you receive back may differ from the amount originally paid for various reasons:
- The refund process includes your institution, who approves and initiates the refund. It's possible that your institution may charge a refund fee or an administrative fee. You'll need to check with the institution directly to understand their refund policies and fees.
- When Flywire processes a refund for a payment that went through currency conversion by Flywire, any returned funds will also undergo a currency exchange. Keep in mind that the currency exchange will be based on the real-time exchange rate at the time your refund is completed.
- Flywire may charge additional fees, including up to a 1% refund processing charge that apply to the processing of your refund request.
Note: Unfortunately, it is impossible to tell what the exact rate applied to your refund will be before the completion date as foreign exchange rates fluctuate constantly.