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Paying for Overseas Tuition & School Fees

#Study #Transfers #Expat #Global
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Be smart and get the best exchange rate for regular payments

Millions of international students are studying outside their home countries which can add up to be a substantial expense.

Eliminating unnecessary foreign exchange costs is therefore a great first step to  ensuring that more of your hard-earned money is spent on you and your family rather than going to a financial institution.

Of course, the more familiar big banks will be able to provide this service but often the attached fees and exchange rates will not be competitive. You should ensure that you check out the real competitors in the international money transfer market and these are specialist FX organisations. They will more often than not be able to beat the bank rates by up to 4% and most don’t charge a fee.

Specialist currency transfer companies such as TorFX or World First, are able to provide cost efficient and smart solutions to get your money to where you want it safely and securely. These are well established, award winning organisations that will generally offer a better exchange rate than the banks.

TORFX or World First will also be able to help you to set up a regular overseas payment for tuition fees. By doing this, you will save on time and money as you take away the need to re-engage, or re-apply and you won’t have to worry about your transactions every semester.

If you require a specific amount for each payment, ask TorFX or World First about the fixed foreign currency amounts and rates with regular payments that remove the exchange rate risk.

Lastly, enjoy the money you save.

 

Further Reading

 

Facebook’s Libra Is Not the Game Changer That’s Being Promised

Enthusiasts would have us believe that Facebook’s own digital currency, Libra, will instantly revolutionize the remittance industry upon its release in 2020 — except it won’t. A harsher reality awaits, with conversion costs, capital gains taxes and a lack of Libra-priced goods all likely to limit its appeal.

Last update: 6 Jul, 2019

Best Multi-Currency Accounts 2019: WorldFirst vs. TransferWise vs. OFX

We compare the features, exchange rates and security of the three best multi-currency accounts available today — the WorldFirst World Account, the TransferWise Borderless Account and the OFX Global Currency Account.

Last update: 12 Jun, 2019

WorldFirst add Hong Kong Dollar and Chinese Yuan to World Accounts

WorldFirst add Hong Kong Dollar and Chinese Yuan to World Accounts

World Accounts now let your business collect funds and pay local suppliers in HKD or make payments to offshore CNY (CNH) accounts in China.

Last update: 16 May, 2019

  

Posted to: Study Transfers

 
   

Get a Better FX Deal when you Send and Spend Abroad.

 

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