Fill in the form here to receive a maximum of 4 quotes from currency exchange providers. This will save you up to 5% of your money!
Financial support is a critical aspect of foreign education and a major challenge for international students. When students study abroad, the income they receive comes from their parents. As a parent, you may think that the fastest way to transfer money to your child is through bank transfer. We also understand that you want your money transfer to be protected for any amounts you send.
However, you may not agree with an average of 5% transaction fees. The 5% transaction fees are the costs of sending money abroad while handling transaction paperwork. For example, every $ 4000 will cost you $200 for the fees. Meaning, during the 4 years it will end up in a monstrous amount of lost money due to this transaction fee. If your parents filled in the wrong information it will cost a few more extra days because all the transaction procedures need to be redone and repeated.
Another way to manage the students budget is to get a credit or debit card. Parents can easily top up the amount they want each month or pay the amount later that their children used during the month. It might sound as the best option but for every transaction that is made the exchange rate of the specific transaction and the spread between the different currencies will be summed up by the end of the month. Sometimes it might be an unbelievable amount of money depending on when and where the money was spent.
Foreign students and their parents need to find an affordable way to send, receive, and exchange the money. The best alternative to those two options above is a Money Transfer Organizations (MTO). Many parents are still not familiar with MTO organizations. The main advantage of using the MTO services that the money can be sent very quickly at any time and from anywhere.
When your child is moving abroad it is always good to compare the prices and services with other moving companies and choose the best option. The comparison can save a lot of money and reduce the moving expenses for the family. By using the most popular websites such as the-relocator.com or ship-stuff.com you can easily compare the prices and services for the international or domestic moving. It takes only 2 minutes to fill in the form and after 24 hours you will be contacted by the 6 different moving companies with the special offers regarding the moving specifications. Furthermore, our money transfer partners can assist and save you significant amounts of money on the exchange rates up to 8 times cheaper.
