Studying abroad can be one of the most rewarding parts of the college experience. It’s a great opportunity to broaden one’s horizons, gain a new cultural perspective, or learn about a favorite subject in a unique way.
The bad news: studying abroad can be expensive, and the expenses can add up quickly. Unforeseen costs can leave students strapped for cash and far from home.
That’s why if you or a loved one is studying abroad, it’s important to know how to send or receive an international money transfer.
There are a few different ways to send money, and your preference will probably depend on the situation. Here are a few quick and easy ways to send money abroad, whether you have time to plan the transfer in advance or if it’s an emergency.
If you can, stick to a budget
Between booking flights, picking classes, and making a list of can’t-miss sights, there’s a lot of planning that goes into spending a semester abroad. Why not make accessing money a part of that planning?
If you want access to the local currency wherever you go without carrying around wads of cash while you travel, a prepaid card is a good option.
Depending on where you’re going, sending money to yourself in advance means you can avoid ATM fees and possibly lock in a favorable exchange rate. Less time worrying about currency fluctuations means more time finding the perfect place to enjoy the local cuisine.
Financing a weekend excursion: Online money transfer
So you’ve been in country for a few weeks and are starting to get the hang of things. You’re ready to take a trip with some friends to another city, but you need a little extra money to pay for a train ticket. When you send money online, it’s easy to finance these kinds of spontaneous adventures.
Our online money transfers can be sent Next Day1 or In Minutes1 and can be tracked by both the sender and receiver.. These transactions offer a great deal of flexibility because receivers can pick up funds at a nearby Western Union® Agent location.
Lost or stolen wallet? Expedited transfer with “In Minutes1
Being stuck in a foreign country without access to money is a highly stressful scenario. Luckily, there’s a way to get your hands on some cash quickly with Western Union.
Our “In Minutes1” service is a fast way to send money abroad online. These emergency funds can be picked up at a nearby Western Union® Agent location quickly and conveniently. You’ll be breathing easy and back on your feet in no time at all.
Students have enough to worry about when adjusting to the pace of life in a new country. When you send money internationally with us, having access to currency shouldn’t be one of them.
Try out our currency converter and start planning how much you’ll need to help the student in your life make the most of everything that studying abroad has to offer.