Rent Payment Guide

What Your Rent Includes 💶

Your monthly rent payment covers all essential utilities and services, including water, electricity, WiFi connection, furniture, and bed linen service.

Rent Calculation 🧮

The rent is determined jointly by the PSOAS Board of Directors and Universities, based on actual operating costs. For exchange student housing, the calculation takes into account that apartments are typically empty during summer months. Rents are reviewed and adjusted annually, with changes taking effect in January.

Payment Schedule 📅

All rent payments are due by the 5th of each month, beginning from the start of your tenancy agreement. You’ll need to pay for the full month regardless of your arrival or departure dates. For convenience, you have the option to pay for your entire exchange period in advance.

Payment Methods 🏦🌐

1. Bank Transfer

• Use the details provided on your rent payment form
• Contact your bank for assistance if needed

2. TransferMate Online Service

• Recommended for payments from outside SEPA region
• Visit: psoas.transfermateeducation.com
• Complete all required payment details

PSOAS bank accounts

Bank name	IBAN (account number)	BIC
Oulun Osuuspankki	FI15 5741 3620 0685 41	OKOYFIHH
Danske Bank	FI32 8000 1500 9075 72	DABAFIHH
Nordea	FI41 1585 3000 0198 64	NDEAFIHH

Important Payment Guidelines

Reference Numbers

Your personal rent reference number is crucial for payment processing. This number is specific to you and your apartment. Always include this number with your payment to ensure proper processing. If someone else pays on your behalf, they must use your reference number. In cases where the reference field isn’t available, include the number in the payment’s message field.

International Payments

For international transfers, ensure PSOAS receives the full rental amount by including any banking fees in your payment. You’ll receive complete payment details by email before your arrival.

Payment Verification

When you use the correct reference number, your payment registers automatically in our system. While we don’t send routine payment confirmations and don’t need receipts of rent payments, you’re welcome to double-check that your payment was received.

Late Payments ⚠️

If You Cannot Pay on Time

Should you anticipate payment difficulties, contact PSOAS immediately. We may be able to arrange a payment plan, helping you avoid involvement with collection agencies.

Consequences of Non-Payment

Late payments incur interest charges according to interest law. After two weeks past the due date, we send a reminder letter with a 5 € fee. Please note that PSOAS and the universities have the authority to terminate tenancy after just one missed payment, potentially requiring immediate eviction without notice.

Additional Information ℹ️

The PSOAS office cannot accept cash or credit card payments, and rent may not be deducted from your deposit. You’ll receive detailed payment instructions in your rent invoice via email before arrival.

For any questions about payments, payment plans, or payment verification, please don’t hesitate to contact the PSOAS office. We’re here to help ensure a smooth rental experience.

Need help? Reach out to us! 📞 ✉️