Which Apps Let You Transfer Money Overseas? When you or a family member is studying abroad, the question that comes up most often is, “How can I send money overseas quickly and safely, without worrying about high transfer fees?”
The good news is, there are now many apps and services you can rely on to transfer funds for education abroad. These range from traditional banking services and money transfer apps to digital platforms like Easylink and Wise. Let’s go over them one by one!
How to Send Money for Education Abroad
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Bank Transfer
This is the most traditional method, but it’s still widely used. You can go directly to the bank or use mobile banking services to make an international wire transfer. Generally, the bank will ask for the recipient’s full details, including the name of the destination bank, the account number, and the SWIFT code.
However, keep in mind: bank fees and exchange rates can be quite high, and transfers can take 2–5 business days.
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Third-Party Money Transfer Services
If you want to avoid the hassle of dealing with banks, services like Western Union and MoneyGram can be a good alternative. Simply visit an agent or use their app, and you can send money to various countries relatively quickly. Typically, the money arrives within minutes to a few hours. However, transfer fees may vary depending on the amount and the destination country.
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Money Transfer App
Money transfer apps are becoming increasingly popular, especially among international students and their parents. Some of these apps are specifically designed to send money abroad at more affordable rates and with a simple process right from your phone. Here are some recommendations for trusted apps:
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Easylink
Easylink is a reliable international money transfer app for a variety of needs, ranging from paying tuition, sending allowance, covering business expenses, to handling emergencies. With support for over 170 countries, competitive exchange rates, and transfer fees starting at 30,000 IDR, Easylink is a practical solution for sending money abroad.
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Wise (formerly TransferWise)
Wise is known for its exchange rates, which are very close to the market midpoint. It’s ideal for those who want to send large amounts of money and are looking for cost efficiency. The transfer process is also fast and transparent.
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Digital Banking App
Several digital banks now offer international transfer services directly through their apps. For example, Jenius, Digibank by DBS, or TMRW by UOB. But be sure to check the exchange rate and transfer fees before sending money.
Tips for Sending Money for Education Abroad
Before sending money, be sure to keep the following points in mind:
- Check the Payment Schedule: Specifically for tuition fees, make sure you send the payment a few days before the deadline to avoid late fees.
- Check Exchange Rates and Transfer Fees: Always compare exchange rates and service fees across platforms to save money.
- Use a Service with Tracking: Choose a platform that offers real-time transaction tracking so that both you and the recipient can have peace of mind.
- Consider Transfer Times: Some apps can send money in a matter of minutes, while bank transfers can take longer.
- Choose a Platform with Responsive Customer Service: If you encounter any issues during a transfer, responsive customer service is essential.
There you have it—ways and tips for sending money to pay for education abroad. No more hassle managing tuition fees or the living expenses of your children and family abroad—just use Easylink Go for it! You can transfer money safely, easily, and quickly to more than 170 countries.
So, what are you waiting for? Come on, download and use Easylink now!
