How to transfer money?
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What is the best way to transfer money while studying abroad?
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Hey there! While there are many methods of transferring money while studying abroad, here are the most common methods of doing so.
- Your Bank: Your own bank can help you transfer money, but they generally charge high-interest rates to do so.
- 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.
- 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.
- 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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There are multiple ways to transfer money from one place to another. In this digital world sending money is just one click away with the help of Domestic Money Transfer API that helps the consumer to send money to a remote location without any problem.
