Fast delivery and low cost.
The advantages of overseas wire transfer are fast arrival and low cost. The disadvantage is that if you choose a small bank, there are many intermediate turnover links, and you have to charge extra fees.
Convenient, students spend money by credit card abroad.
The advantage of international credit cards is convenience. Students swipe their cards abroad, and parents only need to repay them at home. There is no handling fee, which changes with the exchange rate. The disadvantage is that if students withdraw cash, credit cards may charge higher fees. If the credit card is accidentally lost, the replacement process is more troublesome.
Money orders are cheap and convenient.
The advantage of draft is its low cost and convenience. Many schools accept draft. The disadvantage is that you need to go to the bank to draw a draft.
You can exchange cash at the local bank.
The advantage of traveler's checks is that they are permanent. It can be converted into cash in local banks, or directly consumed in overseas hotels, shopping malls and other occasions. The disadvantage is that the handling fee is relatively high. It is not very convenient to use.
Fast speed and low handling fee.
The advantages of international remittance are high speed and low handling fee. The disadvantage is that although there are two commonly used methods, Western Union remittance and moneygram, the currency and location are limited. For example, cash withdrawal in the post office only supports cash payment, and it is not safe to carry a lot of cash.