How to transfer money?

  • What is the best way to transfer money while studying abroad?

  • Hey there! While there are many methods of transferring money while studying abroad, here are the most common methods of doing so.

    1. Your Bank: Your own bank can help you transfer money, but they generally charge high-interest rates to do so.
    2. E-Transfers: some institutions allow people to transfer money online to other people. To transfer money to international accounts you shall need a SWIFT or IBAN number.
    3. Paypal: Paypal could also be a method that you could transfer money through. they generally charge about 3-4% of the transfer as commission for it though.
    4. Cash: Cash could also be a method through which you could transfer money. This is generally not encouraged as it is highly unsafe to transfer money through the mail or other means abroad.

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  • You can also check out platforms like TransferWise and BookMyForex

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