Studying Overseas: Reviewing the Best Foreign Exchange Service for Students


Hundreds and thousands of students from all across the globe come to Australia to gain admission in top-notch colleges and universities offering bachelors, masters and PHD programs in various fields. It wouldn’t be wrong to rank it among the three best places for higher education in the world.

The reasons are manifold. For starters, the Australian lifestyle is something everyone wishes to become a part of. Second, it provides ample opportunities to explore the beautiful land and third, people here regard education, culture and traditional values and understand the important role it plays in building one’s character and personality.

When any member of a family decides to seek out these opportunities and come to Australia, one of the biggest difficulties they face is exchange rates. If they begin earning while studying, the issue of transferring money to their family overseas can be a daunting task –especially when one has little information about the many options available.

These options make it even more difficult to evaluate and choose the best mode of money transfer. One has to think about the many deductions made during the process, worry if the money will reach on time if at all and how much extra will they have to pay as hidden charges.

Since a person doesn’t save an ample amount while studying, every extra penny spent has to be accounted for. Banks are known for charging extra as they offer a fixed exchange rate regardless of everyday fluctuations. No wonder they have so much to show as profits when reviewing their annual reports. The point being, such shenanigans may rip you off when you have little idea about how the process works.

One of the biggest complaints made by customers while transferring money overseas is that their amount signification shrinks after they have deposited it. This happens as a result of stinker exchange rates and unanticipated fees, which is why, many suggest going for foreign exchange companies like FC Exchange for money transfers –especially if you are a student.

FC Exchange, unlike other private firms, offers a multitude of benefits. For starters, they don’t charge hidden fees and the exchange rates available are competitive. Secondly, it transfers money across the globe so you don’t have to worry about whether it will transfer money to your home country or not. Thirdly, the payments are accepted in not just paper mode but also in other modes. You can know which modes are acceptable after talking to advisory or expert.

If this FC exchange review has got you thinking, the steps to sign up are very simple. All you need is to sign up as a personal user on their official website, select the currency you wish to pay in and then in which currency you want it exchanged. Other basic questions may include questions about the source of your fund and how often will you be making these transfers etc.

Once you have filled out the required details, you will be good to go. You can even track the progress of your transfer to ensure that it gets delivered within the promised time frame.

But just because you have read a company’s review doesn’t mean that this is the right one to opt. You must consider other variables too such as customer satisfaction, cost-effectiveness, timely deliveries, exchange rate savings etc. Many online websites make this easier for you to compare. They provide a direct company to company analysis and help you decide which company to opt for, for the most satisfactory transaction overseas. Do your research to make the best decision.