Staying abroad is a dream that almost every person has had at least once. Today, with the growing opportunities in every field, more people are living this dream. One of the important factors you should look into to have a hassle free stay abroad is money transfer. Whether you are staying abroad for educational purposes or for employment purposes you need to make international money transfers on a regular basis. If you are pursuing higher education you need to receive money from your parents to manage your expenses. On the other hand if you are working abroad you will need to send money to your family periodically. Thus a hassle free international money transfer process will be in your advantage.
In order to ensure that you have a smooth and efficient international money transfer you can follow these simple steps:
• Assign account only for transfer- You can assign a separate account just for money transfer. This will help you in the long run. First of all you can easily keep tabs on the amount that is transferred. Using a separate account will also ensure that no other transactions are made from this account. For instance, you can have a salary account and another separate account for money transfer. This in turn will make it convenient for you to keep track of your finances and manage them easily.
• Set up automatic transfers on fixed date with fixed funds- One of the best ways to make monthly international money transfers easy and convenient is to set up automatic transfers. You can schedule money transfers on a fixed date each month with a fixed amount. It is a very simple procedure which will allow you to easily transfers funds each month without having to go to the bank. You just need to log into your online banking profile, select the amount you want to transfer and the account where you need to transfer to. Then you need to choose the “Schedule Transfer” option from the Transfer Type list and select date of the transfer. The last step includes selecting the frequency of transfer and the end date.
• Set up alerts for transfer status- You can set up alerts for your transfer status. This will help you keep track of your transfers without going to the bank. You can get instant updates and alerts on your mobile through text messages.
So, following the above mentioned steps you can make your monthly international money transfer more convenient that will help you have a peaceful stay abroad.
In order to ensure that you have a smooth and efficient international money transfer you can follow these simple steps:
• Assign account only for transfer- You can assign a separate account just for money transfer. This will help you in the long run. First of all you can easily keep tabs on the amount that is transferred. Using a separate account will also ensure that no other transactions are made from this account. For instance, you can have a salary account and another separate account for money transfer. This in turn will make it convenient for you to keep track of your finances and manage them easily.
• Set up automatic transfers on fixed date with fixed funds- One of the best ways to make monthly international money transfers easy and convenient is to set up automatic transfers. You can schedule money transfers on a fixed date each month with a fixed amount. It is a very simple procedure which will allow you to easily transfers funds each month without having to go to the bank. You just need to log into your online banking profile, select the amount you want to transfer and the account where you need to transfer to. Then you need to choose the “Schedule Transfer” option from the Transfer Type list and select date of the transfer. The last step includes selecting the frequency of transfer and the end date.
• Set up alerts for transfer status- You can set up alerts for your transfer status. This will help you keep track of your transfers without going to the bank. You can get instant updates and alerts on your mobile through text messages.
So, following the above mentioned steps you can make your monthly international money transfer more convenient that will help you have a peaceful stay abroad.
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