Study abroad season is approaching, no more worries about money transfer fees

08/03/2023 10:37 PV Print article

ANTD.VN - In Vietnam, the demand for children to study abroad has increased in recent years. Along with expectations of a bright future for their children, parents are also looking for solutions to make their children's study abroad journey more convenient.

Parents' right-hand man

Accompanying his child in the first years of studying abroad, Mr. Tran Minh (living in Ho Chi Minh City) - a parent whose child is studying in the UK said: After a year of studying away from home, his child has gradually learned how to manage his expenses systematically and effectively. Every month, his family sends him a fixed living allowance so that he can arrange for his own needs such as food, rent, transportation and travel if necessary.

Minh's family uses MyVIB digital banking of Vietnam International Bank (VIB) to transfer money to their children. The operation is done right at home and the required documents are simple, so he can transfer money very easily and quickly.

Since using MyVIB, Ms. Minh Tam (living in Hanoi) no longer has to waste time going to the bank to transfer money. This digital banking application helps her transfer foreign currency to her two children studying abroad conveniently and saves time. “ One day, my child expressed his desire to join a long-term extracurricular trip with the school. After considering and finding it suitable, I immediately transferred money for him to pay the fee. Less than 2 hours later, he received the money .”

The MyVIB digital banking application also helps Mr. Minh and Ms. Tam easily track the processing status of their money transfer requests, thereby proactively managing transactions.

From July 1 to September 30, 2023, VIB will waive international money transfer fees for customers when making transactions on MyVIB. At the same time, the first 30 customers with transactions each month will receive 1 million VND/customer. With the need to regularly transfer living expenses for studying abroad of many families, the money transfer fees that customers save when transacting via MyVIB are not small.

In addition to transferring money for studying abroad tuition/living expenses, other money transfer purposes such as family allowance, settlement, inheritance, medical treatment, etc. can also be done on MyVIB. Within just 2 working hours, this money transfer request will be processed by VIB if the documents are complete and valid. Customers can transfer foreign currency to over 200 countries with 11 foreign currencies. The money transfer documents are standardized according to each transaction purpose, making the process simple and fast. At the same time, high money transfer limits, competitive exchange rates and clear listing will also help customers feel secure when using the service.

Luggage to accompany your child to study abroad

A survey conducted in late 2022 by the International Conference and Education Consulting Organization of 400 student recruitment agencies from 81 countries around the world on the study abroad situation in 2023 showed that international education is recovering strongly after the Covid-19 pandemic. Accordingly, about 73% of agencies participating in the survey predicted that the demand for studying abroad will continue to increase, coming from the benefits for students such as improving foreign language skills, immigration ability, job opportunities in the host country, etc.

When sending their children to study abroad, many Vietnamese parents pay great attention to choosing a destination. The top priority is countries with quality training programs, teaching materials, qualified teachers and prestigious degrees, recognized in many places. In addition, the place of study needs to ensure safety, comfort, and meet the interests of the children so that the process of living, studying, working part-time to experience life and increase income takes place smoothly.

In terms of finance, data shows that 90% of Vietnamese international students are self-funded. The average cost of tuition and living expenses ranges from about 3,000 USD/year to 40,000 USD/year (about more than 71 million VND/year to nearly 1 billion VND/year). This figure depends on each level of study, in countries with different consumption costs. Therefore, establishing a solid financial foundation is an important factor to help your child's dream of studying abroad take flight. And MyVIB digital bank with its fast and convenient international money transfer feature will help make the study abroad journey of students and parents more convenient.

Source link: https://www.anninhthudo.vn/mua-du-hoc-den-gan-khong-con-noi-lo-phi-chuyen-tien-post547740.antd