Under the EduTrust Certification scheme, all EduTrust-certified Private Education Institutions are required to adopt the Fee Protection Scheme (FPS) to provide full protection to all fees paid by their students. (Students may refer to the website link of Council of Private Education: www.cpe.gov.sg)

Nanyang Language & Business School adopts escrow scheme to protect all fees paid by students. The escrow service is provided by HSBC Bank Limited.


Payment Methods :

FPS Escrow: Cash, cheque or Telegraphic Transfer to be deposited into HSBC Escrow Account
* All payments must be in Singapore dollars
* Please specify payable to Nanyang Language &  Business School Pte Ltd

Details on implementation of FPS

Escrow Scheme :

A. Students to provide signed copy of Student Escrow Confirmation (SEC) slip to NLBS so that:

1. Student’s Personal Escrow account can be established on HSBC website.

2. Payment vouchers can be generated.

3. When Payment Vouchers are received, students to check that course fees, applicable period, course name, number of instalments and expected payment dates are accurate.

B. Students will pay course fees directly to the HSBC FPS Escrow Account according to agreed payment voucher schedules.

C. Original receipt will be prepared by NLBS and issued to student within three working days upon receipt of payment in the Escrow Account from HSBC.

D. Students are to check that the information on the receipt is correct - student name, date of payment, course title, course fee paid, and outstanding amount (if any).

For Nanyang Language & Business School’s FPS Escrow bank details, click here.

Click here for Nanyang Language & Business School’s FPS Escrow Account Operational Procedure.