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Send Money Overseas Cheapest way

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Trying to find the cheapest way to Send Money Overseas?

A lot of students that work overseas and are paying for an international higher education to improve their situation have to rely on parents that send money overseas directly to them and often not by the cheapest methods. If you too have a child studying abroad and need to send money for their college fees or living expenses, then there are many ways to send money overseas and often cheaper than banks. One of the conventional and safe ways that many parents still prefer is that of bank drafts.

Options to send money overseas

A bank draft that will be eventually cashed in foreign currency is somewhat similar to a cashier's check. There is however one principal difference.You can not only pay cash for a bank draft but can get the amount debited from your own account in the bank in most cases a high foreign exchange rate is taken. The banker draft is directly sent to your child in the living overseas.

You have to give the name and complete address of the intended recipient to ensure that the draft is cashed by the right person. Bankers Drafts go via courier or postal mail services the delivery time depends on the mailing service that you choose as also the location where the draft is to be mailed.

Bank draft facilities offered by international banks abroad make it convenient and safe to send money overseas or to anywhere you need to make an international money transfer. Things will also be simple for your child who gets the money through bank draft. The draft is like a cheque that can be cashed at a branch of the draft issuing bank.

If your child has a bank account, he or she can also deposit the bank draft and the amount gets credited to his/her account.

Sending money by the cheapest option

Other ways to send money abroad to USA from UK include wire transfers or making a remittance payment with foreign exchange companies like, Moneygram remittance services, Skrill remittance services or currency transfer in minutes using Western Union currency transfer services. International money transfer orders and services like Paypal also offer remittance services.

If you need to compare methods to send money abroad? Send money overseas then use our online comparison tools which offer you better rate sof exchange on your currency when sending money by the cheapest option.