If you have a child that’s studying abroad, there’s probably lots of concerns going through your mind about their travels and safety. One of the big questions that you might have is how to make sure you can send them money if they need it.
Whether it’s funds for fun or an emergency, what matters is that it can get there quickly, and securely.
The good news is that now with digital money transfer services like Azimo it’s easier and faster than ever. So rest easy knowing that while your child is abroad, you can easily be in reach.
Be wary of using credit cards and ATMs
Sending your child abroad money can seem pretty complicated. You are going to be dealing with a completely different form of currency, exchange rates that can fluctuate from day to day, and crazy fees if you use your credit cards or ATMs.
ATMs, though plentiful, are actually not that convenient. If your child uses them to take out money in a foreign country not only will they be charged fees from their bank, but will also be hit with currency conversion fees and a fee from the ATM service itself.
Banks & traditional transfer companies cost time and money
High street banks or more traditional money transfer companies were usually the first choice for sending money internationally. However, bank transfers can take a few days to process, plus you also will need all sorts of information like the IBAN and BIC for both your account and your child’s. Also these companies usually charge very high fees, both for the transfer itself and the currency conversion.
With Azimo, we take away the need for all that information. Plus, as most of our transfers go through in just one working day (except during weekends or bank holidays), we take away a lot of the annoying waiting time as well. Our infrastructure is purely digital, so we are able to use only the smartest technology to ensure your payments are safely and quickly processed.
With Azimo, send money the way that suits you
To send money to your child studying abroad, you have multiple options. Transfer funds to wherever they are in the world, from anywhere in the world, with either bank to bank transfers, sending payment directly with a debit/credit card, cash-pick up, or phone to phone payments.
We have over 300,000 cash-pick up locations around the world, making it easy for travellers to take out money quickly and securely. Either on a desktop or with our award-winning app, you simply sign up and choose one of the locations that will work best for you and your child. You can pay with a credit/debit card and will then be sent a pick-up reference number. The recipient will also need this number, along with photo ID, to pick up their cash.
That’s it! Most cash-pick ups are available in less than just one hour.
Phone to phone payments
Don’t worry if you don’t have all of their information for a bank to bank transfer – you can send them money with your debit/credit card by simply using their phone number.
With our app, you enable access to your contacts, and then choose the contact that you’d like to send to. They will be sent an SMS with a link to download the Azimo app (if they haven’t already!) and claim their money.
Alternatively, the recipient also has the ability to “request” money from contacts. They can ask for a certain amount, which you will be notified of with an SMS, and when you pay it they will then receive the link to claim their cash.
We help make sending money internationally online easier than ever with a wide range of delivery methods, ensuring that your money is transferred quickly and securely.
Azimo is fully regulated by the FCA and uses the same smart technology used by banks, so your funds are always safe with us.