Many parents face difficulties when transferring money for their children's overseas education for the first time.
In recent years, studying abroad has continued to be a popular choice for many Vietnamese families seeking to broaden their children's educational and developmental opportunities.
However, according to many parents whose children are studying abroad, the money transfer process often encounters obstacles such as lengthy transaction processing times, complicated procedures for verifying academic records, and unclear purposes for the transfer. In addition, each money transfer usually requires visiting a bank branch/transaction office, which is quite time-consuming due to waiting times and travel.
Exchange rate fluctuations are also a major factor. A difference of just a few hundred dong per unit of foreign currency can increase the total amount converted by millions of dong for each money transfer.