How to pay online fees for a university in London

Posted by pooja late on November 23rd, 2018

As a parent contemplating on sending your child to study abroad, a major concern for many is the need to know how to pay these fees forex card online. You must understand that sending the tuition fees to an international university is quite different from sending to a local school.

Making an international payment like a university in London always has different steps involved due to the higher fees and the issues of currencies being exchanged from one form to another. Fortunately, there are different means available to pay your child fees, although they all come with their advantages and disadvantages.

Bank Transfer

Paying forex card online for your child fees at a university in London is possible by wiring the fees. Wire transfer or bank transfer is the common method used by most parents in making international payments because it is safer. Nevertheless, the problem with it is the expenses involved. When using bank transfer, you will be charged a large up-front, which may be up to £62. This means that paying thousands of pounds, you are expected to pay an additional hundred extra.

Remittance Services

If you don’t want to use the bank transfer, the next option is sending funds through an forex card online remittance service. When compared to the previous method, it is cheaper and faster, although you must confirm that the particular school accepts such payment. Remittance services must process and send the funds within a period of two days.

Online payment

There is the likelihood that the university will have an forex card online payment option. This will allow you to transfer funds online but you have to ascertain that the school will convert your Indian rupee to their currency

Getting the best exchange rate

For many people, the best option is opening a bank account. Once that is completed, there is a need to transfer funds. At times, you have to wait because of the exchange rate as it as a significant impact on the foreign currency you finally get. For instance, in recent months, the price of the Indian rupee is low against the British pounds. Because of this, you need to find the best exchange rate before making any transfer. The following points will be helpful to get the best rate.

Look at the exchange rate: It is crucial to look at the current exchange rates, as it will help you avoid errors. In doing this, you can visit your bank or meet a foreign exchange broker. Tell them to contact you when the exchange rate has improved. However, you can take the shortest means by using Google. For instance, you can use Google to find the rate of the Indian rupees to UK Pound.

Compare the available exchange rates: Additionally, you can improve the exchange rate to suit you. At this stage, you have to be picky about the particular service to use for your transfer. Interestingly, most banks offer up to 4.0% in their exchange rates. While it may be something huge, when you decide to transfer large sums, you may end up losing or winning up to thousands.