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.