Secure Guide for Sending School Fees from Overseas to Indonesia: Transfez is the Solution

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As a parent or guardian working or living abroad, sending school fees from overseas to Indonesia often becomes a complicated and expensive process. Transfers via conventional banks require convoluted procedures, many documents, and impose high hidden fees.

Are you tired of paying expensive transfer fees and dealing with a long process that risks delaying your child’s tuition payment? The lack of transparency in transferring education funds can make it difficult for you to record your finances. Don’t let administrative complexity distract your focus from your child’s education.

This article is a guide that dissects the most efficient, legal, and secure methods. The main solution is to use a digital remittance platform like Transfez, which provides a specific Remittance Purpose feature for education. Transfez ensures your child’s school fees arrive quickly, transparently, and are allocated for their intended purpose.

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Two Options for Sending Money for Education Purposes

Before choosing a platform, it is important for you to understand the two main paths for transferring funds for education expenses.

1. Direct Transfer to the Recipient (Manual)

This is the method where you send money from abroad to your personal account or a family member’s account in Indonesia. After receiving the money, the recipient (family/guardian) then has to manually withdraw the money or make another separate transfer to the school’s account. This method is not wrong, but it is bothersome and prone to human error.

2. Transfer with Remittance Purpose (Automated)

This method uses the Transfez remittance service, which allows you to explicitly state that the purpose of the transfer is for ‘Education/School Fees’. The process involves using an application like Transfez, and during the transaction, you must state ‘Education’ as the Remittance Purpose. In this method, you will input specific details such as Bank Details (Destination Bank, bank account information, e.g., account number, IBAN, SWIFT, etc.).

For Additional Information, you need to provide the following: “Purpose of Remittance,” and “Source of Funds.” After confirming the transaction, you will see a summary of the transaction, and you can track the status of the transaction. Once complete, the school can receive the funds you sent directly. For contingency, you can screenshot the payment success page as proof for the school. This feature guarantees that your money is allocated for its intended purpose. It also simplifies financial reporting on your end.

Why Is Transfez the Best Choice for School Payments?

Transfez offers a combination of features that specifically benefit parents who routinely send funds for education.

Guaranteed Legality and Security

Transfez operates with an official license from the financial authority in the sending country (e.g., MAS in Singapore). This legality removes your worries about the risk of illegal transfers. Every transaction is protected by Anti-Money Laundering (AML) regulations.

Remittance Purpose Feature (Compliance)

This is a key Transfez feature that is very important. When creating a transaction, you are required to include the Purpose of Remittance (such as ‘Education’ or ‘School Fees’).

Compliance Advantage: This feature helps Transfez comply with international financial regulations, and most importantly, it provides proof for you that the funds are intended for education purposes, serving as a history marker for the user to know the purpose of the transfer.

Efficient and Transparent Fees

Low transfer fees are crucial for routine transfers. Transfez offers a low flat fee and transparent exchange rates, which is very advantageous compared to the exchange rate markup of conventional banks. Real-time speed ensures that tuition payments are not delayed, and you can check the delivery status yourself in the application.

6-Step Guide to Sending School Fees via Transfez

Transfer Uang dengan Aplikasi Remittance 2

Sending money for school payments using Transfez is designed to be fast, easy, and detailed. Follow these steps:

1. Initiate Transaction (Choose Pathway)

You can start sending education funds in two easy ways in the application: by clicking the “International Transfer” button on the home page or by clicking the “Send Money” button on the navigation bar.

2. Calculator Page

After choosing the pathway, you will be directed to the Calculator page. Here, you can determine the destination country (Indonesia), the amount to be sent, or the amount you wish to receive. You can also instantly check the exchange rate and the total flat fee charged.

3. Select and Fill Recipient Details

You can choose an existing recipient or create a new one. The information you need to specify includes: Recipient name, Beneficiary relationship (e.g., ‘Child,’ ‘Guardian,’ or ‘Educational Institution’), Bank Details (Destination Bank, account number, and other bank information), and Recipient Details (Address and Phone Number).

4. Input Compliance Information

This is a mandatory step for education fund transfers:

Purpose of Remittance: You must specifically choose the relevant category, such as ‘Education’ or ‘School Fees’.
Source of Funds: You are required to fill in the Source of Funds for compliance purposes.

5. Confirmation, PIN, and Complete Transaction

You will see the final summary of the transaction created, including the total fee and the applied exchange rate. After confirming that all details are correct, you can proceed by clicking the confirmation button and entering your PIN to complete the transfer.

6. Real-time Tracking and Transaction Proof

The transaction is complete, and the process moves on to tracking. Transfez will process the transfer with an estimated time of 5-10 minutes.

Utilizing the Transaction History Feature for Financial Administration

One of the biggest problems with manual transfers is the difficulty of recording and archiving transfer proofs. Transfez overcomes this with the Transaction History feature.

Importance: This feature is very important for you because it simplifies administration and potential audits. You no longer need to search through emails or physical receipts.
Detailed Reporting: You can view all types of transactions created, including: In-progress Transactions, Completed Transactions, Failed or Rejected Transactions, Wallet Top Up, and Wallet Balance Withdrawal.
Audit Ease: The search and filtering features make it easy for you to record the total education costs incurred. You can also download the transaction receipt from the detail page, ensuring you have a complete and tidy record for your personal accounting needs.

Conclusion

Sending school fees from overseas to Indonesia demands more than just speed it demands transparency, compliance, and efficiency. Using Option 2 (Transfer with Remittance Purpose) through a legal platform like Transfez is the best way to guarantee that your funds arrive safely and are allocated as intended. Currently, sending funds from overseas for education purposes can only be done from Singapore to Indonesia.

Transfez offers a superior solution: low flat fees, instant speed (5-10 minutes), guaranteed legality, and the Remittance Purpose feature that greatly simplifies compliance for parents.

Take the smart step immediately. Stop wasting money on hidden fees. Register with Transfez, utilize the Remittance Purpose feature, and ensure your child’s education funds are transferred securely and efficiently.

Download Transfez for shipping from Singapore to Indonesia. Get free shipping and flat fees for you.

With a busy work schedule, don’t let transfers interrupt your break time! Transfez helps you send money 1-2 times a month safely and economically without any drama. Just one click, and your money arrives in real time. Want to send money to your village? No worries, you can! Transfez is ready to be your regular go-to. Check it out and download the app now on the App Store or Play Store! #SantaiTapiSampai