1. Understanding foreign exchange management regulations: Before transferring money, you need to know the relevant regulations of the state on foreign exchange management. Each person can only have the equivalent of $50,000 in foreign exchange every year. If this limit is exceeded, you need to apply for relevant foreign exchange certificates.
2. Confirm that the bank card information is correct: ensure that the bank card used to collect money belongs to the child himself, and provide the correct bank card number, bank and account name.
3. Know the remittance path: To know the international remittance path, you can choose bank telegraphic transfer, Western Union remittance or moneygram remittance. Among them, bank wire transfer is relatively safe and convenient, while western union remittance and moneygram can arrive quickly.
4. Confirm the requirements of the deposit: confirm the specific requirements and amount of the deposit to ensure that the transfer amount meets the requirements. At the same time, we should also know whether the institutions or schools studying abroad can accept the deposit for transfer.
5. Protect personal information: During the transfer process, protect personal information and avoid revealing important information such as bank card number and password.
In short, parents need to be cautious when transferring money to their children in the form of deposit, to ensure compliance with relevant regulations, to provide correct information and to protect the safety of personal information. It is recommended to communicate with overseas institutions or schools to confirm the specific requirements and processes before transferring.