Sending money to international students in France can often seem daunting, especially when dealing with fluctuating exchange rates and various transfer options. For parents and guardians in the UK, ensuring that their loved ones receive funds safely and promptly is a top priority.
This comprehensive guide aims to simplify the process, offering insights into the most efficient and cost-effective methods. We'll also introduce Equals Money, a trusted solution for international transfers, tailored to meet your foreign exchange needs.
Before delving into the specifics of transferring money to France, it's crucial to understand the basics of international money transfers. Key factors to consider include exchange rates, transfer fees, transaction speed, and the reliability of the service provider.
The exchange rate between the British Pound (GBP) and the Euro (EUR) significantly impacts how much money the recipient receives or how much is required from the sender. Look for services that offer competitive rates and transparent fee structures. Equals Money offers competitive exchange rates for over 140 different currencies and dedicated currency expertise.
The urgency of the transfer can vary. Some students might need funds for immediate expenses, while others might be planning for future costs. Services like Equals Money offer same-day and next-working-day transfers to suit different needs.
Equals Money stands out in the seas of international money transfers providers due to its user-friendly platform, competitive rates, and excellent customer support.
Equals Money offers an easy-to-use online platform and mobile app, making it easy to send money on the go or from the comfort of your home.
With Equals Money, you can take advantage of competitive exchange rates, making the most of each transfer sent to your student in France.
Security is paramount when dealing with financial transactions. Equals Money protects customer funds via safeguarding, holding them in specially designated safeguarded bank accounts, separate from their other assets.1
Currency exchange rates fluctuate constantly, and this can impact the amount you will pay for school fees in GBP. Equals Money offers payment solutions such as forward contracts that allow you to fix a current exchange rate for a payment or transfer up to 24 months in advance.
This allows you to know in advance how much set fees will actually cost you and budget effectively.2 You are committed to the rate you’ve booked regardless of how it moves after the fact, presenting a potential disadvantage in choosing a forward contract. However, many looking to pay out for international schooling find the stability offered by a forward contract outweighs this disadvantage.
Sending money to international students in France doesn't have to be complicated. With Equals Money, you can ensure that your transfers are swift, secure, and efficent. Get in touch today to experience a hassle-free way to support your loved ones studying abroad.
1Equals Money accounts don’t fall under FSCS. Please visit the Equals Money website for more details.
2Equals Money can only offer forward contracts to facilitate payments for goods and services.
Sign up to our daily market reports to get the latest news and insights on worldwide currency movements straight to your inbox every morning.
Enter your email address below to subscribe.
