The cheapest way to transfer money internationally
International students need to consider how they will transfer money internationally to pay for tuition and cost of living. Using a bank for currency transfers is easy, but often come with fees charging up to £40 every time you make an international payment. Thankfully, there is a way around this.
Using a UK bank account with a money transfer service
The first step is to open a UK bank account is the first step, to help you maintain your daily finances, rent or any other bills. You can transfer your funds to this account, and spend the money everywhere - via phone or card - across the UK without any problems.
You can get your UK bank account today here.
The second step is opening an account with a currency transfer service, such as Transferwise, Moneygram or Western Union. Currency transfers are done for a fraction of the normal cost - in many instances, it’s free. You can receive funds straight to your new UK bank account, usually within the hour.
All transactions are easily tracked via apps. You can get a free currency transfer account today here.
The whole process is taken care of through dedicated apps you can get on your phone - it’s that simple. That means one less thing to worry about so you can enjoy your life in the UK.
Isabelle Murray
University of Manchester graduate
I love to help pass on the knowledge I have of life in the UK