Make your life abroad easier with more local currency to spend. Easy Transfer makes payments exclusively for educational purposes, freeing up tuition costs from the government-imposed annual $50,000/person foreign currency exchange quota. Now, you can exchange for more local currency when you study abroad.
In China, every person who wishes to exchange Chinese Yuan has an annual foreign currency exchange quota limited to $50,000 for personal use. Educational expenses are not included in this quota, but most Chinese families do not receive this exemption when they make a currency exchange at their local bank. Bank associates are usually not familiar with the exemption application, which also requires verification of numerous documents and takes days to approve. Easy Transfer streamlines and simplifies the process to immediate pre-approval by taking everything online with our professionally trained customer service specialists, allowing students and their families to pay tuition in Chinese Yuan without taking up their personal quota.