A new exciting episode in a student’s life could be their commencement of abroad studies. You come across different people and different scenarios in that new walk of life. But the financial needs required remain the same. Your parents would be required to send money for overseas education for a smooth educational abroad life.

You can send money to foreign universities through wire transfer and demand draft. The demand draft is the cheapest way to send money abroad since it doesn’t have any additional charges other than the draft fee. But this method takes 5-7 days to transfer the funds.       Here you need to send the physical draft to the receiver to get his funds.

But the wire transfer overcomes all the disadvantages of the demand draft. It is quick and, it is secure. It is so because it uses the SWIFT network abbreviated to The Society for Worldwide Interbank Financial Telecommunication. It connects banks from every corner to create a network to facilitate the fast transfer of outward remittances. It takes just 10 – 15 hours for the whole process to complete. It also can be done online at any time, which gives you the much-needed comfort.

You can also pay the fees with a forex card. This too is a great option to pay fees abroad owing to its simple and remarkable design of use. You can recharge it from here and swipe it there to complete the payment.

Whichever method you opt for, double-check the forex rates and charges of the particular dealer to get the best deal.