If you're sending money internationally to cover rent or tuition, you're likely paying more than necessary. Whether it's a student living in Europe, a family member abroad, or your own overseas relocation, making regular payments in foreign currency can quickly turn into a financial headache.
Banks and legacy payment systems often hide fees, use poor exchange rates, and take days to complete transactions — not ideal when deadlines matter.
So, what’s the best way to handle rent or tuition payments abroad? Let’s break it down.
When paying rent or tuition, on-time delivery matters. Delays can lead to late fees, stress, or worse — housing problems or school issues.
You want to know exactly how much you’re sending and how much will be received — without surprise deductions or vague exchange rates.
Being able to set up recurring payments or schedule transfers for specific dates saves time and ensures you never miss a deadline.
Wise (formerly TransferWise) offers an ideal setup for international payments, especially recurring ones like rent and education fees.
Wise uses the real, mid-market rate — the same one you see on Google. There are no hidden fees in the rate, which is where most banks and services sneak in charges.
Before you pay, Wise shows you:
The exact fee (usually under 1%)
The exchange rate
The delivery estimate
The total amount the recipient will get
No surprises — just clarity.
Set up automatic payments for rent or tuition, choosing:
Amount
Frequency (weekly, monthly, custom)
Currency pair (e.g., GBP to EUR or USD to AUD)
It’s perfect for sending regular payments on time, with less effort.
You need to send £850/month to your landlord in Spain.
| Provider | Exchange Rate | Fees | Amount Received (EUR) |
|---|---|---|---|
| UK Bank | 1.13 | £20 | €961 |
| PayPal | 1.14 | ~3% | €970 |
| Wise | 1.17 (mid-market) | £4.89 | €994 ✅ |
✅ You save over €30/month, or nearly €360/year — enough for a flight home or a few nice dinners out.
Paying rent for an apartment abroad
Paying university or private school fees
Sending money for student housing or host family stays
Supporting family members studying overseas
Covering recurring accommodation costs for digital nomads
A Wise account
Recipient's bank details (IBAN/SWIFT or local info)
Transfer route (e.g., GBP ➜ EUR)
Optionally: a recurring schedule or reminder
You can also hold currency in advance, then convert and send when rates are favorable.
Whether you're paying rent for your flat in Spain or covering a loved one’s tuition in France, the best payment method is one that’s:
✅ Fast
✅ Transparent
✅ Low-fee
✅ Flexible
Wise checks all those boxes, helping you manage your international financial responsibilities without overpaying.
✅ Set Up Recurring Transfers with Wise
✅ Send Rent or Tuition Abroad Today
✅ Compare Currency Transfer Options
At 247 Expat Insurance, we understand the challenges of living and managing finances abroad. From international money transfers to expat health coverage, our mission is to make your life simpler, safer, and more affordable.
We carefully research and recommend tools that help expats like you save money and avoid unnecessary fees — wherever life takes you.
Looking for more tips and trusted services?
👉 Explore our expat guides and tools to make the most of your journey.