Top Tips to Send Money Abroad for Healthcare Purposes
Life is uncertain; it is impossible to bring your loved ones home from overseas while they are undergoing medical treatment. When this case occurs, you must look for methods to meet the requirement to remit payments as soon as feasible. Thomas Cook is a one-stop shop for all of your travel and foreign exchange needs. Thomas Cook offers a variety of bargains on Indian travel packages and helps you send money for overseas medical treatment and medical for abroad.
How Thomas Cook can help?
We at Thomas Cook make your money transfer for overseas healthcare not only convenient but safe. Convert your INR to any foreign currency with a few clicks and transfer worry-free. When it comes to foreign exchange, trust is usually a major concern. At Thomas Cook, we work hard to provide you with the best exchange rates possible, ensuring your trust in us. You may sit back in your own house and purchase or sell Forex onlin, or obtain a forex card with the touch of a button!
Not only that, but our dependable professionals will bring your foreign currency right to your home. If you want, we will arrange for a pickup at the nearest bank so that you can receive your foreign currency at the time of medical emergency.
The best currency exchange services for quick overseas money transfers for healthcare purposes:
With country borders becoming increasingly blurred, an increasing number of people are traveling around the world for education and business. It is tough to assist when your loved one is in another country and a severe condition. Money is an important factor in obtaining medical treatment. An international money transfer is when you send money to someone in another country.
At Thomas Cook, we take pleasure in offering the greatest currency exchange services available anywhere in the world. We take care of all your currency exchange needs, whether it is purchasing Forex, selling your foreign exchange, money transfer, or simply recharging your forex card, in an easy and quick manner so that your journey or transaction goes as smoothly as silk.
Quick and Effective way to send money for overseas medicine
Previously, there were few choices for transferring money, but now you have many. Furthermore, Thomas Cook reaches the beneficiary on the same day. You can transfer money to a loved one for medical care by following a simple procedure.
Things to Think About when sending money for Overseas Healthcare
- Remittances should be sent through an RBI-licensed institution that offers reasonable rates and adheres to strict processes. Thomas Cook offers competitive rates and follows transparent procedures
- If you are sending currency for the first time, it is best to seek assistance from an expert like Thomas Cook. Our advice and overseas healthcare products can make you feel comfortable and protected
- When medical for abroad is considered, use Thomas Cook as we are a reputable FX service provider operating for many years now. We can help you do so with simple steps in the most trustable ways
Things to keep in mind before sending money Abroad for Healthcare Purpose
Exchange rates are frequently sensitive to changing geopolitical scenarios and market movements, so you cannot always expect the same rate. It would be beneficial to learn more about our forex services before using them to select the best option.
When converting money from one currency to another, the foreign exchange rate is used. Exchange rates fluctuate over time and can differ based on which bank or organization you use to complete the transaction. Natural disasters or changes in leadership can have an impact on global currency markets. Interest rates and inflation can both have an impact on exchange rates. Even minor differences can soon add up, especially when transferring substantial quantities.
When your loved one is in need of medical help, you have to think about how you spend your money yet the timing and situation are not ideal to think of the fluctuating exchange rates. Thus, we have ensured that our forex products issued for overseas medical treatment can free you from this worry. Check our website for more details.
Documents Required to Send Money to a Foreign Country for Medical Treatment or Overseas Medicine:
- A letter from an overseas hospital with an estimated cost of medical treatment is required to substantiate the purpose of the remittance
- a duplicate of an Indian passport
- A copy of your PAN card
- A visa photocopy or a confirmed airline ticket
Do you wish to send money to your friends’ bank accounts in another country
FCDD and SWIFT transfers are simple ways to send money abroad that anyone may utilize. Foreign Currency Demand Draft / FCDD is an easy way to send money to another country for education. A demand draught is a paper instrument that may be submitted to international banks and used to get credit through the clearing procedure. Almost all of the desired currencies are available as FCDD. This draught is valid for three months after it is issued.
What is the maximum amount of money that can be taken as FCDD?
Send up to one lakh dollars each year under the RBI’s Liberalised Remittance Scheme. Transfer up to 2.50 lakh dollars for medical treatment every year. More funds may be sent if valuable documents from reputable sources, such as a hospital fund projection, were produced.
What is the maximum amount of money that can be sent as TT?
Swift Transfer (TT) is an electronic means of sending money internationally to be credited to the beneficiary’s account. It ensured quickness in the remittance procedure as well as complete security for your funds. Send up to $250,000 per year.
Eligibility to send the money for overseas medicine or healthcare:
The remitter must be an Indian Resident. The remitting account should be the remitter’s savings account. If you need to transfer more than USD 250,000, you must provide a letter from the concerned doctor in India or overseas describing the estimated total cost of the medical treatment. The RBI has granted licenses to several financial institutions for foreign payment transfers for medical treatments. To obtain better services, it is always preferable to approach such an authentic service provider with an approved license.
We often share the same concerns regarding exchange rate volatility and transfer speed, regardless of where you’re moving money to or from. There’s also the issue of cost, security, and convenience to consider.
So, how do you make the most of your money when transferring it abroad? How to ensure that the amount is swiftly transferred to your loved ones abroad in the time of need and medical emergency? We at Thomas Cook care for your needs! Worry not. Visit us today and get going. We are more than pleased to help you!
