For families studying abroad, the process of studying abroad needs to prepare a lot of financial asset management, including study abroad loans, study abroad insurance, financial guarantee and so on. After going abroad, how to deal with the cash part and how much money the children bring are the most concerned issues for parents. In this regard, the bank asset manager put forward professional suggestions.

The relevant person in charge of the international business department of a bank suggested that international students can spend money abroad in various ways, but the biggest problem is the safe use of daily funds and safe remittance. Usually, when they go abroad, their money goes abroad in various ways. So, what is the proportion of various ways? Bank staff calculate an account: first, the cash part is risky. After going abroad, prepare a small amount of cash, take the airport bus to the destination, go through various formalities, and pay the living expenses for about 2 weeks. The recommended ratio is 10%.

How to transfer money safely and save money? It depends. Since most students studying abroad spend nearly half of their tuition fees, it is best to pay attention to the recent trend of RMB exchange rate, grasp the short-term exchange rate trend, and make appropriate purchases at the right time.

At present, the existing ways to carry foreign exchange abroad include foreign exchange cash, wire transfer-global express, money order, traveler's check, international credit card and so on. Among them, those who carry less than $5,000 (inclusive) and do not need to apply for a card can apply for a card at the website designated by the relevant bank.