How to Pay

How to Pay

University Owned Accommodation

Please note that the information on this page below relates to University Owned accommodations only, and does NOT relate to partner properties.

Please note, students on a contract shorter than 30 weeks (e.g. 1 semester), will be required to pay the full cost of their contract upfront.


All students are required to pay a minimum of £300 Advance Licence Fee Deposit when they accept an offer of accommodation. Some students (e.g. international or EU) may have to pay their first instalment of rent in addition to the Advance Licence Fee Deposit.

The Advance Licence Fee Deposit is a small amount of your rent paid upfront, to secure your room. As it is a rental payment, it is not refundable at the end of your contract. The remaining rent will be split into 2 or 3 instalments, with the final instalment being £300 lower.

The card used to pay your deposit will also be used for your rent instalments if you choose the Recurring Card Payment option. If you'd like to update these details prior to your first instalment, you'll need to contact us at  



Pay in Full

All students have the option to pay immediately in full by credit or debit card when you accept your accommodation offer online.

If you cannot pay by credit or debit card, you can use the Transfer Mate service, regardless of whether you are a EU or international student. You can access the Transfer Mate payment system here, or go to the 'Methods' tab to find out more.

Pay by Instalments

You can also pay by Recurring Card Payment (RCP) over two or three instalments, depending on the length of your contract..

These instalments will be automatically set up when you enter your card details when paying your deposit to accept your offer of accommodation. You can change the card details at any point after you have enrolled.

Please see a breakdown of the available instalment plans.

Please note, students on a contract shorter than 30 weeks (e.g. 1 semester), will be required to pay the full cost of their contract upfront.

All September 2021 Starters

UK students
Instalment Amount due Due date
Advance Licence Fee Deposit £300 On Booking
Instalment 1 1/3 of rent 1 October 2021
Instalment 2 1/3 of rent 17 January 2022
Instalment 3 1/3 of rent 29 April 2022
International and EU students
Instalment Amount due Due date
Advance Licence Fee Deposit £300 On Booking
Instalment 1 1/3 of rent On Booking
Instalment 2 1/3 of rent 17 January 2022
Instalment 3 1/3 of rent 29 April 2022

All January 2022 Starters

Instalment Amount due Due date
Advance Licence Fee Deposit £300 On Booking
Instalment 1 1/3 rent (or 1/2 if shorter contract) On Booking
Instalment 2 1/3 rent (or 1/2 if shorter contract) 30 April 2022
Instalment 3 1/3 rent 16 August 2022


All May 2021 Starters

Instalment Amount due Due date
Advance Licence Fee Deposit £300 On Booking
Instalment 1 1/3 rent (or 1/2 if shorter contract) On Booking
Instalment 2 1/3 rent (or 1/2 if shorter contract) 16/08/2021
Instalment 3 1/3 rent 17/01/2022



Recurring Card Payments

Recurring Card Payments (RCP) are payment plans set up against your credit or debit card. This is a much more flexible method of payment than a Direct Debit as you can edit the payment plan until 1 day before the payment is due to be taken. There are also no fees incurred from your bank for missed payments, and any missed or failed payments will be tried again automatically five days later. This is the University’s preferred payment method.

Students who have set up a recurring card payment and wish to update their card can do this on our secure card update portal.

Credit or Debit Card

Please note we do NOT accept any of the following cards:

  • Maestro
  • Solo
  • Visa Electron

If you wish to change your credit or debit card details during the contract, you can do so at any time by contacting the FutureLets office.

The University's Finance department will send an Advance Notification for recurring card payments via email.

Security Checks

While trying to pay your accommodation fees via the website, your bank may request a security check called 3 Domain Secure (3-D Secure). This is used by certain banks to reduce the risk of fraudulent usage of bank cards.  You may be asked to enter your bank card password to enable the checks, and to make payment.

If this fails, please contact your bank directly.  They will be able to advise you on the process, so that you are able to make payment online.

Bank Transfer

Coventry University has partnered with Transfer Mate to provide a simple and cost effective service to pay your fees using a bank transfer, whether you are an International or a UK student.

You can access the Transfer Mate payment system here.

Using this system will provide you with the following benefits:

  • It allows students to make payment of their fees in their own currency, giving them transparency and a clear understanding of the cost of their fee
  • Obtain a guaranteed exchange rate for a period of up to 48 hours
  • Ensures that 100% of the funds transferred reach FutureLets, and that no expensive bank charges are deducted that may delay your registration
  • It ensures that the payment can be easily identified and allocated by FutureLets, giving you peace of mind
  • It is a secure and quick way to make the transfer ensuring that FutureLets receives the payment promptly
  • You will be notified upon receipt of your payment

Contact Details

If you have any questions regarding this service, we have arranged for Transfer Mate to provide a dedicated 24/7 Customer Service team that can aid you with any additional information on the service and its benefits and/or walk you through the process. For any of the above or any other related queries please contact:

Phone:  +44 207 659 9190

Refunds and Receipts


Your acceptance of accommodation requires that you choose a payment plan.

If you need to make a payment outside of the agreed payment plan, you will receive a receipt if the payment is made by credit/debit card or cheque made in person or over the phone to the FutureLets office.

You are advised to keep all receipts safe for the duration of your stay in the accommodation.


If you have already enrolled you will need to request the refund of any credit balance in your accommodation account by completing an accommodation Refund Request form. If you have not yet enrolled and need to request a refund for a payment already made please read the withdrawal refund policy before making your request.

If you’re eligible for a refund, it will be paid directly to the UK bank account that has been nominated or for international payments back to the back account the payment came from.


Students will receive an email from the University regarding their accommodation invoice. Students must ensure they check their University email account on a regular basis during their studies at Coventry University, as this is where all communications regarding their fees will be received.


There is no discount for paying your accommodation fees in full.

You can change the card or account your rental instalments will be paid from by changing your payment plan. Please email and our Finance team will be able to help you.

You will need to find a suitable replacement student for your contract before you can be released. You would be liable for an administration fee and the accommodation fees for the room until the replacement student takes over your contract.

The Deposit is an Advance Licence Fee Deposit, which is a small amount of your rent paid upfront to secure your room. This is NOT refundable at the end of the contract. The value of the ALFD is deducted from your final accommodation instalment.

The Deposit amount is £300 for Coventry students; however some students may be required to pay additional instalments in addition to their deposit (for example international students).

If your Recurring Card Payment (RCP) cannot be collected from your account it could be that the card has expired and you will need to contact FutureLets with the new card number to reinstate the payment.

Alternatively, the payment may not have been made due to there being insufficient money in the account, and you will need to ensure that the funds are available before you contact FutureLets to reinstate the payment. If you do not contact FutureLets the RCP will be cancelled and you will be required to set it up again for all future instalments.


Failure to pay any sums due to the University will be a breach of the Licence to Occupy, and this gives the University a right to terminate the licence.

The University will notify you of any arrears and any continued failure to pay will mean that the University will proceed with its debt collection procedures which may involve a third party debt collection agency.

The University may take formal action against you which may result in a judgement that may seriously affect your future credit rating.

Please email our Finance team at and they will be able to delay your payment date. You may need to provide evidence that your loan payment will be late, such as a loan payment schedule from Student Finance England.

Our default payment plan is termly, so you will need to choose a termly payment plan in order to accept an offer of accommodation. 

Students typically receive funding from Student Finance in the form of a maintenance loan to pay for their living costs (e.g. rent, food, travel). Our termly payment instalments are timed to coincide with the loan payments dates so you will receive your loan, and then pay your rent with that loan money. The maintenance loan amount is means-tested based on the family income.

If your loan amount does not cover the cost of your accommodation fees you could consider getting a part time job to cover the shortfall.

For information on private lettings, please visit our dedicated website

FutureLets - Your key to successful living logo

Images are intended to be representative only. Neither Coventry University nor FutureLets guarantee that the layout or style of any accommodation offered to you will be the same as that depicted. Neither Coventry University nor FutureLets guarantee that any accommodation offered to you will come with any particular contents, furniture or facilities other than those expressly stated as being available in each property as set out on the Coventry University website.

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