Take care of these things before sending money to children studying abroad
Take care of these things before sending money to children studying abroad
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Covid-epidemic is affecting the whole world. Students studying abroad do not have the option to return home due to travel restrictions and country-wide lockdown. Students abroad, despite universities and part-time jobs, depend on their parents for money. It is important to ensure that during lockdown they have sufficient funds to maintain their own condition so that they can manage an emergency medical emergency or other needs. Therefore, it is important to understand the fund's remittance options and to choose a platform that allows easy money transfer.

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From navigating the remittance platform to estimating exchange rates and sending money abroad sitting in your home can be a complex task. Here are some tips that may work for you:

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Take the time to compare platforms and understand various aspects, such as exchange rates, transaction limits, processing fees, customer service and experience, etc. to get accurate information. Some platforms impose additional fees on the beneficiary and there may be many other hidden costs. Make sure you choose a platform that guarantees transparency and gives the entire credit amount to your recipient.

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