In addition to being a popular destination for overseas settlement, the United Kingdom (UK) is one of the most sought-after study destinations for students. Are you studying in Cardiff, UK, living at Student accommodation in Cardiff and your parents in India regularly send money to you for your needs? Then you should be aware of the fee for international money transfers from India to the UK.
Popular Methods For Sending Money From India To The UK:
There are numerous well-liked ways to transfer money from India to the UK. International money orders, demand drafts in foreign currencies, bank transfers, and online money transfer services are a few of the most widely used techniques.
Bank Transfers: One popular method of sending money from India to the UK is through bank transfers. Although they can be costly and time-consuming, they are dependable and safe. In addition, the currency rate could not be favourable and banks might impose a fee for the transfer.
Bank processing fees for wire transfers range from INR 500 to INR 1000, so it might be expensive. The majority of foreign banks that receive the funds also impose a foreign correspondent fee, which typically varies from GBP 10 to GBP 40.
Online Money Transfer Companies: Online money transfer providers frequently provide reasonable conversion rates in addition to being speedy and easy. You may use a mobile app or website to transfer money from India to the UK with several of these providers. They might, however, impose greater costs in contrast to bank transfers.
Foreign Currency Demand Drafts: A demand draft is a cheque that is made out in a currency other than the one being used. It can be placed into the UK bank account of the recipient. If the beneficiary living in Cardiff student accommodation doesn't have a bank account or the bank isn't in the same town or city, this method can be helpful.
International Money Orders: Another option for transferring money from India to the UK is through international money orders. Though they are issued by post offices, they resemble demand drafts for foreign cash. They can be tracked and are rather safe, although they might not be as efficient or rapid as other approaches.
Lumis student living
One of the best places to stay in Cardiff is Lumis Student Living, which offers a range of dorms and ensuite rooms for students. It's simple for students to choose between living alone in a single flat or sharing accommodations with a housemate. There are plenty of shops, bars, and restaurants within a minute's stroll from the city core. The Lumis Student Living Cardiff is in a prime location—it takes only 15 minutes to walk to both Cardiff University and the University of Wales. There are many options available to students looking for university housing in Cardiff.
Howard Gardens
Cardiff is home to the student housing Howard Gardens. It is a lively residence that caters to students. Howard Gardens Cardiff is a great choice for students because of its handy location close to stores, pubs, public transit and prestigious colleges. It's easy to find outdoor activities and a vibrant nightlife around Howard Gardens, as everything is accessible by foot.
Both Cardiff University and the University of Wales are close to Howard Gardens student housing and the city core, about a 20-minute stroll away. The distance to Cardiff Queen Street rail station is ten minutes on foot. You can get to the Dumfries Place HX bus station in nine minutes on foot.