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Payment Options

 

There is a range of payment options available to you, whether you are paying for your own studies or are fortunate enough to have a sponsor.

You have a choice to pay via electronic funds transfer, cash deposit, bank transfer, online via credit card or manually over the phone via our speed point machines.

 

The payment plan allows you to pay for your studies over a maximum of 4 month, interest free, depending on the course you have chosen to study. You are required to select the payment plan option when creating a booking or quote on our website to display the payment plan terms.

 

We can only confirm bookings once we receive the following from you:

  • a deposit (minimum 20% on tuition depending on the course you have chosen)
  • a completed debit order form for the balance of the payments

 

The debit order form is emailed to you with the pro-forma invoice if the payment plan has been selected via our website. The debit order form is also available to download from the student downloads tab  on the website or you can request that it be emailed to you.

 

Products available on the payment plan

  • Home study
  • Online classes
  • Part time evening or weekend classes
  • Revision Classes
  • Workshops
  • Exam Prep Classes
  • Institute fees (student registration, subscription, exemption)
  • Exam fees (ICB and CIMA)

 

How to calculate debit order payments?

Course

Product Type

Deposit

Number of payments

Monthly % split

CIMA

Tuition (study methods)

20%

4

20%

CIMA

Institute Fees (registration + exemption)

100%

0

0

CIMA

Institute Fees (subscription)

40%

4

15%

CIMA

Exam Fees

20%

4

20%

ICB

Tuition

40%

3

20%

ICB

Institute Fees

100%

0

0

ICB

Exam Fees

100%

0

0

ACCA

Tuition

20%

4

20%

FIA

Tuition

20%

4

20%

CFA

Tuition

20%

4

20%

 

The first debit order collection will be collected the month after the initial deposit is received. 

 

When are the debit order collection dates?

There are fixed dates for collections:

  • 1st
  • 15th
  • 25th
  • Last day of the month (28th, 29th, 30th or 31st)

 

Should any of the above dates fall on a Sunday or Public Holiday, the collection date will move to the very next working day.

 

Collection files are sent to FNB 2 days prior to collections. Any changes to the collections need to be amended manually.

 

Payment plan eligibility

Only South African residents are eligible for the payment plan. Students with poor credit or previous defaulters are also not eligible unless arrangements have been made with Finance. IBTC may request additional information to complete your debit order.

 

All special arrangements are at the discretion of our Finance Department.

 


Is your company making payment?

If you are lucky enough for your company to be making payment then you can either create an invoice with your companies details and they can pay via EFT. 

Otherwise if your company takes a while to make payment, you can make a booking and then just send us a letter or purchase order confirming the payment details.

Please make sure that you have a read through the sponsored student requirements doc below for more info.

You can then email your letter or purchase order to accounts@ibtc.co.za. Need us to fill out a vendor form? No problem, send your request to the same email address.

View our courses here: CIMAICB ACCA.

pdfSponsored Student Requirements.pdf
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