For those of you proud parents whose children will begin the next phase of their lives when they start attending the university/college of their dreams in the UK soon, it’s time to rejoice!
However, with the excitement comes the stress…..the exorbitant fee… and also how it should be remitted to the university from time to time. Here are some options use can consider to transfer money to England for educational expenses.
Wire transfer
The fastest and the easiest way to send money from India to England is through a direct transfer from bank account to bank account. The account can be that of your child or of the University/College he/she is attending. It is fast and easy but the can be somewhat expensive. Banks and currency changers charge anywhere between Rs. 250 to Rs. 1,000 for a wire transfer. (BookMyForex offers the lowest rate of Rs. 200 for a wire transfer in India). Moreover, even the foreign banks receiving the money charge an exorbitant foreign correspondent fee ranging from USD 10 to USD 40 on the transaction.
Demand Draft
Another very safe way to send money from India to England is through Demand Draft. In this option also the charge varies from bank/currency exchanger to bank/ currency exchanger, so it is advisable to check out the rates beforehand (BookMyForex offers the lowest rates in India). The pros of demand draft are it is an easy and cost effective way to However, courier charges can be high and it can take upto 10 days for the recipient to receive the money.
Travel card/Forex card
You can also use a prepaid travel card to transfer money to England for educational expenses. You can top up the card from India from time to time. It has a limit of upto USD 1 Lac. The student may directly pay the fees using this card. However, it will be an expensive option if the university/college does not accept payment through travel card, since heavy bank charges are applicable on withdrawing money from the card.
For all the above aforesaid options and other forex-related products and services, BookMyForex is your one-stop solution….and not just that…we also guarantee you the best rates in India! Not only do you get the benefit of booking an order online, you can reduce the cost of remitting money to England substantially by availing our live and best rates in India.
For any further queries or assistance on how to transfer money from India to England for education expenses, login @ http://bookmyforex.com/blog/send-money-from-india-to-england-for-educational-expenses or speak to our team of experts @ 8130191134.
However, with the excitement comes the stress…..the exorbitant fee… and also how it should be remitted to the university from time to time. Here are some options use can consider to transfer money to England for educational expenses.
Wire transfer
The fastest and the easiest way to send money from India to England is through a direct transfer from bank account to bank account. The account can be that of your child or of the University/College he/she is attending. It is fast and easy but the can be somewhat expensive. Banks and currency changers charge anywhere between Rs. 250 to Rs. 1,000 for a wire transfer. (BookMyForex offers the lowest rate of Rs. 200 for a wire transfer in India). Moreover, even the foreign banks receiving the money charge an exorbitant foreign correspondent fee ranging from USD 10 to USD 40 on the transaction.
Demand Draft
Another very safe way to send money from India to England is through Demand Draft. In this option also the charge varies from bank/currency exchanger to bank/ currency exchanger, so it is advisable to check out the rates beforehand (BookMyForex offers the lowest rates in India). The pros of demand draft are it is an easy and cost effective way to However, courier charges can be high and it can take upto 10 days for the recipient to receive the money.
Travel card/Forex card
You can also use a prepaid travel card to transfer money to England for educational expenses. You can top up the card from India from time to time. It has a limit of upto USD 1 Lac. The student may directly pay the fees using this card. However, it will be an expensive option if the university/college does not accept payment through travel card, since heavy bank charges are applicable on withdrawing money from the card.
For all the above aforesaid options and other forex-related products and services, BookMyForex is your one-stop solution….and not just that…we also guarantee you the best rates in India! Not only do you get the benefit of booking an order online, you can reduce the cost of remitting money to England substantially by availing our live and best rates in India.
For any further queries or assistance on how to transfer money from India to England for education expenses, login @ http://bookmyforex.com/blog/send-money-from-india-to-england-for-educational-expenses or speak to our team of experts @ 8130191134.
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