What is the Student Expenses solution used for?
Flywire's Student Expenses Solution is for living expenses like rent, groceries, utility bills, supplies, and transportation.
What currencies can be sent/received?
We accept payments being sent from India (INR) to the United States (USD), Canada (CAD), Australia (AUD), United Kingdom (GBP) and Europe (in EUR).
Who can receive funds?
The receiver of the funds must be an Indian citizen who is a student actively studying overseas in the United States, Canada, Australia, United Kingdom and Europe.
Who can be a sender of the funds?
Anyone can be the sender of funds from India as long as they are (1) an Indian citizen, (2) directly related to the student, and (3) the payment is initiated from a bank account in India (denominated in INR).
Only the following relatives can make payment to a student's account:
- Student (if he/she is India)
- Parents
- Spouse
- Siblings (not cousin)
- Son / daughter , if he/she has pan card
RBI DOES NOT consider grandparents as immediate relatives and hence they cannot make payment to the student.
How much can be transferred annually?
The total limit to be transferred by an individual annually is $250,000 USD. Ideally, one should take note of FX payments sent to a particular PAN number in a journal or document.
For more information on the Liberalized Remittance Scheme, visit this page.
What are the benefits of using Flywire & EbixCash?
Flywire and EbixCash make it easy to send payments through digital document processing, a simple display, and no hidden fees. For repeat payments, there is no document upload required.
To visit our Student Expenses platform and get the process started, please click here.