Best Remittance Service for Students for International Fund Transfer in 2021

Summary:- While planning your studies abroad, managing your finances is quite daunting. Apart from paying your tuition fee and accommodation rent, you need to be able to easily manage your other expenses as well. And when you are in urgent need of money, you could ask your parents to send you money or you could borrow some from your friends. The latter may seem like the easier thing to do, but the former is a safer bet. 

While planning your studies abroad, managing finances is one big thing and when it is the sorted transfer of money is another major concern for you. With the advent of digitization transfer of money is not a big task but the only big concern is to choose the right, cost-effective and safest medium to do it. 

As a student going to study abroad, you need to send and receive money internationally from your family back home, or simply you will need to send money to yourself and your money is in a bank account in another country or your home country. Hi, I am Sunidhi Shahi from University Living and today I will let you know ways how you can send and receive money globally.
 

Sending or receiving money anywhere in the world is done online which is easy, fast, and often inexpensive or free. There’s no need to get cash or worry about it getting lost and you don’t need to wait for checks to move through the mail. Just a few clicks on the app or website of the provider and you are done with it.

What is needed?

In order to avail of remittance service for international student and send and receive money abroad, you need to have a bank account with an active money transfer facility. Also, you should be ready to levy transfer fees, like the currency fixed fee for sending money, a funding fee, and a transaction fee.

Now the question is about making the choice of the service and before that also knowing about the ways of remittance available worldwide. Since the entire experience of moving to a new city is quite daunting you would want a solution that is safe, reliable, and done almost instantly.

Services to remit funds?

You can send money online in various ways through:-

• Providers who charge less in fees than big banks, whose fees average about $40.
• Person-to-person apps and services also let you send funds from debit cards, which are linked directly to your checking account and are usually free. However, if you use a credit card to fund international payments instead, you may have to pay a small fee.
• Wire-transfer is another way to transfer money from one bank account to another which is relatively expensive and depends on the bank on what fee they charge.
• Money Transfer Services also send funds but these services charge fees for their services. There are several apps that charge a $16 fee for sending a maximum of $2,500.

Choose the right service with the right provider

Websites like University Living (UL) help you send and receive money or in other words do international money transfer anywhere in the world with ease through their trusted partners.

Underlying features:-

• A comprehensive money transfer solution as it provides a reliable and transparent platform.
• Simple Sign up method through registered number to instantly transfer money to and from your account.
• Instant money transfers to and from anywhere, at any time.
• Features to easily manage your other expenses as well.
• No hidden or bank charges to your account.
• Better exchange rates with over 24 currencies.
• Convenient solution when you are in urgent need of money without having to wait in long queues and getting your cheques processed.
• Great for you and your parents can transfer money within minutes.

So get ready to send and receive money internationally to any bank account, anywhere in the country, or receive money from anywhere across the globe, at any time through UL trusted Parmer.