International Money Transfers with ACB: Fee-Free, Stress-Free Study Abroad

Prioritizing Your Child’s Needs: The Key to Successful Overseas Education Planning

In 2023, Vietnam witnessed a record high of over 43,000 students studying abroad in South Korea, as reported by the Korea Education Development Institute (KEDI). Additionally, English-speaking countries have also been attracting Vietnamese students, with Australia leading the way, hosting nearly 33,000, followed by the US and Canada, which together welcomed 17,175 Vietnamese students.

While these statistics provide valuable insights, the most crucial factor for parents planning their children’s overseas education is ensuring it aligns with their child’s interests and abilities.

Ms. P. Loan from District 3, Ho Chi Minh City, shared her criteria for choosing the right school: “First, we consider my child’s preferred field of study, and then we look at the tuition fees. If we find multiple suitable options after these initial filters, we jointly decide based on the school’s reputation and the host country’s living environment.”

Living and studying in a foreign country can be challenging. To gain practical insights, modern parents often turn to online communities and social media groups, seeking advice from a diverse range of individuals with first-hand experience.

Mr. Đ. Phương, a resident of Ma May, Hanoi, whose child is currently studying in London, UK, emphasized the importance of cultural understanding and shared a tip: “Besides proficiency in English, I advised my child to learn about the local culture and culinary habits. When we first arrived, we felt overwhelmed by the transportation options. After much consideration, we chose a slightly farther accommodation that offered a safer environment for Asians. Commuting to school is convenient, with just a 10-minute underground or 15-minute bus ride.”

As parents navigate their children’s academic journey abroad, they also discover financial strategies, including efficient ways to pay tuition and living expenses, leveraging the benefits offered by reputable banks.

International Fee-Free Transfers: Empowering Parents with Efficient Financial Solutions

Recognizing the needs of parents with children studying overseas, ACB Priority Banking offers a fee-free international money transfer service, ensuring that parents can provide for their children’s education without incurring additional costs.

Typically, families with children studying abroad incur various expenses, including enrollment or deposit fees, semester or annual tuition fees, and monthly living expenses.

In the past, sending money internationally for these purposes often involved paying service fees to banks or financial institutions. However, with ACB’s latest benefits for Privilege Banking members, parents can now enjoy 100% waived fees on international money transfers, resulting in significant savings.

ACB’s services are known for their speed, accuracy, and simplicity, backed by a dedicated team of professional consultants who are always ready to provide support whenever and wherever needed.

For parents new to the study abroad process, ACB offers complimentary consultation on the required documentation and procedures. This typically includes the depositor’s CCCD, the school’s fee notification, copies of the child’s passport and visa, and other relevant documents.

Additionally, ACB offers preferential foreign exchange rates, providing parents with yet another attractive option for their financial planning.

Sending your child to study abroad is a long and challenging journey, but the joy and fulfillment it brings to your family make it all worthwhile. ACB is committed to walking this path with you, offering privileged services and fee-free solutions to save you time and money.

To learn more about the exclusive ‘Time Privilege’ benefits for Privilege Banking customers, please refer to our Privilege Banking Policy.