Banking for International Students
YOUR GO TO FIN-FRIEND
Experience lightning fast, secure, fully digital banking
International Wire Transfer
Send money securely to Indian students abroad to pay for tuition and living expenses.
Buy & sell foreign currency at live and transparent exchange rates. Get the best forex rates for 40+ currencies.
Our Forex Card has been designed keeping in mind the unique needs and requirements of students going to study overseas.
Our Distinguishing Features
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FAQ's For Students Regarding Forex
What are the different options to pay for expenses abroad?
There are several options to transfer money to overseas accounts other than carrying cash or the almost redundant traveller’s cheque. For instance, you may opt for:
1. Forex cards: A forex card for Indian students is a prepaid card loaded with international currency (single or multiple) based on the local currency of the country you’ll be travelling to. It can be used just like an international credit/debit card. However, a forex card comes with limitations. There are added loading/unloading fees, inactivity fees, the amount gets locked in without earning interest, and the funds are not available immediately upon loading, etc.
2. Bank transfer: This is one of the most traditional ways of sending money abroad. Most banks or money transfer agencies facilitate international fund transfers through the SWIFT (Society for Worldwide Interbank Financial Telecommunications) network. These transfers are not instant, they undergo anti-fraud and anti-money laundering checks, which takes 1-4 working days. SWIFT allows electronic payments through a unique SWIFT code. Banks charge a combination of a fixed transfer fee and a recipient fee, and 3-5% in exchange rates for every transfer.
Benefits of Forex Card
Documents Required for Money Exchange
2. A valid VISA for the country you want to travel
3. Confirmed ticket (travel within 60 days once got the exchanged currency)
4. PAN card
5. Aadhar card