
5 things to know before transferring money abroad
Table of contents
The world has become a global village and we are constantly crossing borders for a lot more reasons than we did before. Vacationing abroad has become common, studying abroad has become a need and travelling for work has become an essential. While you or any of your family members go broad for any of these reasons, sending or receiving money across nations is inevitable. But before you go ahead to transferring money abroad, here are a few essential tips that you must keep in mind.
Tips to keep in mind before transferring money abroad
Reasons for transferring money abroad:
Money transfers are either made at regular intervals or at once. Regular transfers are generally made to a student studying abroad, a freelancer or for paying a mortgage, single transfers if you are buying property abroad, transferring money for a family affair or planning a trip. Consider the reason and then choose the organisation accordingly.
Exchange rates:
Another important thing to consider when transferring money abroad is the fact that not everyone gives you a good exchange rate. These rates also keep fluctuating and hidden fees will definitely affect the final transfer amount, specifically in cases when the amount being transferred is high.

Transfer fees:
If you regularly transfer small amounts of money abroad, you should go with an organisation that charges transfer fee based on the amount (the higher the amount, the higher the fee). If you are transferring a huge amount and only once, you should go with an organisation that charges a standard fee, irrespective of the amount being transferred.
Safe and secure medium:
It doesn’t matter if you are using a bank or a money transfer company for forex, make sure you cross check what government body regulates the company. That way you can be sure that your hard earned money has reached your family safely and securely.

Take some expert advice before transferring money abroad:
If you are transferring money for the first time, make sure you talk to someone who has made a transfer before or an expert who has been in the business for a while. It will help understand the fee structure and rates involved. It will also help you make an informed decision and pick the most affordable option available.
Delivery time and method for transferring money abroad:
The fees and rates levied differ depending on the bank/organisation, method of payment, the urgency and the amount transferred. Make sure you consider all these factors before transferring money abroad.
Keep the above tips in mind before you send money abroad. If you have any other tips that can help others who want to transfer money, do mention them in the comments below.
Table of contents
Our Forex Offerings
7 Wonders of the World: Amazing Facts About the World’s Greatest Wonders
Paris Attractions: Famous Places and Experiences to Discover
A Guide to the Best Places to Visit in Nepal
Choose the Right Forex Solution for Your Travel Needs
At Thomas Cook India, all your foreign exchange needs are in safe hands. You can buy forex or sell forex at competitive rates for a variety of purposes like travel, education or overseas transactions. Select from a variety of smart solutions like a secure forex card (one currency card or a multi-currency forex card), buy cash currency or do online transfer.Also, stay updated with live currency exchange rate trends, including INR to USD, USD to INR, AED to INR, AUD to INR, INR to AED and many more. Whether you want to send money to India, load a forex card or exchange currency, Thomas Cook has a fast, transparent, and seamless experience online and across its branches.
Recommended Articles for you
Must-See Things to Do in Dubai: Top Adventures Beyond the Malls
0 0 Planning your international Dubai Packages? Here are the must see places in Dubai. Must Do Things in Dubai 1. Ride through the sunset on an at the picturesque Dubai creek, and all for just one dirham. Close your eyes […]
Flower Shows Around the World: A Celebration of Flowers and Fragrances
0 0 When God created the world, his most beautiful imagination led to the creation of flowers. If we take a close look at our lives we can see that the most special celebrations of our lives are adorned with […]
Guide to Visiting the Temples of Angkor Wat
0 0 A Guide to Temples of Angkor Wat at a Glance Angkor Wat Cambodia is one of the world’s most remarkable temple complexes. It is also the world’s most famous historical landmark. There are hundreds of ancient monuments in […]
Guide to Exploring Busan in South Korea
0 0 A Guide to Exploring Busan at a Glance Busan is known for: beaches, seafood markets, temples, colourful neighbourhoods and lively urban culture. Best places to visit in Busan: Haeundae Beach, Gamcheon Culture Village, Gwangalli Beach, Haedong Yonggungsa Temple, […]
7 Wonders of the World: Amazing Facts About the World’s Greatest Wonders
5 0  Seven Wonders of the World at a Glance The seven wonders of the world are part of the history that everyone should witness at least once. Here’s some information about them: The 7 Wonders of the World: Great […]
Italian Cuisine: Famous Dishes, Regional Specialities & Food Culture
0 0 From creamy northern risotto to spicy southern seafood, every area does its own food thing in Italy. It’s about simple, quality ingredients, eating together, and local rhythms. Skip tourist traps, eat what’s in season, and always save room […]
Paris Attractions: Famous Places and Experiences to Discover
0 0 When you ask a novelist to weave a tale of romance or when a painter intends to bring the most romantic backdrop to his canvas, it is the image of Paris from which they draw inspiration. Intrinsically beautiful […]
A Guide to the Best Places to Visit in Nepal
1 0 Nepal is geographically small, but it crams ancient temples, Himalayan treks, jungle safaris, and mountain lakes into one trip. Indians don’t need a visa. Hit Kathmandu for culture, Pokhara for views, Chitwan for wildlife. Trekking needs a licensed […]
Amazon Rainforest: Wildlife, Tours, Best Places to Visit & Travel Guide
0 0 The Amazon has got a bit of everything – wildlife, river trips, jungle hikes, and some real cultural stuff too. Brazil, Peru, or Ecuador are your main entry points, so pick whichever lines up with what you want […]
Busiest Airports in the World: Top Airports Around the Globe
0 0 Picture this: you’re running a little late for your flight. You leap out of the cab, collect your bags (with little or no grace) and walk into the airport, only to be hit by a wave of travellers […]
Guide to Planning an Ideal Day at Ocean Park
0 0 Ocean Park Hong Kong rolls theme-park rides, giant pandas, marine-life exhibits, scenic cable-car rides, and family-friendly stuff into one massive park. It’s split into the Waterfront and Summit, so you’ve got loads to get through in a full […]
Oktoberfest: Explore the World’s Biggest Beer Festival in Munich
0 0 If you call yourself a beer aficionado, you mustn’t miss out on Oktoberfest – the biggest beer festival in the world. Celebrated in Munich every year for 16-18 days, Oktoberfest marks the marriage ceremony of Prince Ludwig and […]
Guide to Visiting the Great Wall of China
0 1 Best sections for first-time visitors: Mutianyu for scenery and a balanced experience, Badaling for accessibility, and Jinshanling for longer, quieter walks. Best time to visit: Spring and autumn offer comfortable weather and beautiful mountain scenery. Summer can be […]
Guide to Visiting Palm Jumeirah in Dubai
0 0 The best travel memories do not begin with a checklist; rather, they begin with a moment that makes you pause and think, “I’m really here.” Imagine watching Dubai’s skyline glow gold from a beachfront café as the sun […]
The Ultimate Bali Vacation Guide: Things to Do & Offbeat Places
0 0 The Indonesian island of Bali is one of the most popular tourist destinations in the world. Both adventure lovers and holiday mongers love visiting this beautiful island to spend a few days of fun and relaxation away from […]
Finland Named the World’s Happiest Country: A Joyful Journey
0 0 Topping the world Happiness Index is something quite common for Nordic Countries today and as such, it is no wonder that the 2018 Annual Happiness Report saw Finland at the top. The country jumped from number five in […]
World Heritage Sites: Explore Iconic Places Around the World
0 0 When it comes to travelling; tourists usually like to visit beaches, hill stations and places that are renowned for monuments and wonders of the world. Â But how many of you have visited world heritage sites? A world heritage […]
Things to Do in Dubai: The Ultimate Guide to Beaches, Desert & Shopping
0 0 The soft golden sun and clear warm beaches of Dubai offer the most glorious sights that we can ever witness. Every year thousands of travelers flock in to this part of the world from across to globe only […]
Chinese Cuisine: Traditional Food and Dishes to Explore
0 0 The touch of regality that comes along with Mesmerizing China essentially extends over its cuisine as well. Being dainty enough, Chinese Cuisine are huge favorites with people all over the world as they have transcended over geographical boundaries. […]
Australia Student Visa (Study Permit) Guide 2026: Eligibility, Fees & Requirements
0 0 The Australia Student Visa, officially the Subclass 500, lets you live in Australia for your full course at a recognised institution, with limited work rights built in. Covers everyone from a bachelor’s student in Sydney to a vocational […]
Call Us
18002099100

