How Can I Transfer Money Home While Teaching English Abroad?

By Lynda Galea

Wondering if and how you can transfer funds back home while traveling & teaching English abroad? Many English teachers abroad need to be able to transfer extra money home so they can meet financial obligations like making student loan payments. Transferring money home from a foreign country unfortunately isn’t always as easy as opening the Venmo app on your cell phone and punching in an amount to send. There are many factors to consider such as transfer fees, exchange rates, and the time it takes the recipient to actually receive the funds you are sending.

While this may seem confusing, there are many services, both in-person and online, that are available to aid you in transferring money home while abroad. Let’s discuss a few of the more popular and trusted options.

How Much Money Can You Earn & Save Teaching English in Thailand? [Tips & Resources]

By: Shay Ames

What's left to be said about Thailand? As I'm interviewing an International TEFL Academy staff member - who we’ll call “Erika” - she gazes out the window’s display of winter wonder-Chicago-land, and dazedly reminisces about her experience, not long ago, teaching in a warm, magical place called Thailand that is also one of the top job markets for teaching English in Asia.  

Asia is known as one of the most lucrative regions in the world & while Thailand is not the most  developed economy in Asia, it is a nation on the move and many English teachers are able to make enough to save 30%-50% of their income after expenses.  

Will I Pay Taxes While Teaching English Abroad? [For Americans]

By: Doug Waxman with assistance from CPA & Expatriate Tax Consultant Gregory Lucyshyn

So…You are planning on getting TEFL Certified and teaching English abroad?  It sounds like the experience of a lifetime and you are ready to go.  But, you want to be smart and make sure you are fully prepared regarding all financial matters you will need to consider both at home and abroad, including taxes.

My name is Doug Waxman, Business Development Director & Admissions Advisor at ITA and I have teamed up with Gregory Lucyshyn with Expatriate Tax Consulting (MY ACCOUNTANT & also ITA’s preferred expat accountant) to help you out with the question, will I have to pay taxes while teaching English abroad?


How Much Money Can I Earn Teaching English Abroad?

What are salaries for English teachers overseas?

English teacher salaries abroad depend on the teacher’s position, qualifications and the country where they teach. Some examples of monthly salaries you can earn based on the region you teach English in include:

  • Asia: Japan $1,500 - $2,000 USD /mo; China $1,250 - $2,850 USD /mo; and South Korea $1,850 - $2,150 USD /mo.  
  • Latin America: Mexico $500 - $800 USD /mo; Argentina $600 - $1,100 USD /mo; and Chile $750 - $1,000 USD /mo.
  • Europe: Czech Republic $700 - $1,100 USD /mo; Germany $1,100 - $2,200 USD /mo; and Spain $1,250 - $1,850 USD /mo. 
  • Middle East: Bahrain $1,500 - $3,000 USD /mo; UAE $1,800 - $5,000 USD /mo; and Qatar $1,600 - $4,000 USD /mo.