International Money Transfer as always has been a hassle for many individuals, especially international students who are studying abroad. It combines many charges such as Forex markup charges, currency conversion charges, convenience fees, and many more. One easy solution to this hindrance can be Unistream Bank International Money Transfer. In this blog, we will provide you with detailed insight into some benefits of using Unistream money transfer, process and much more. So spare a minute and continue reading to know about every detail related to this topic.
About Unistream Bank International Money Transfer
Unistream Bank is a leading provider of international money transfer services that cater to individuals and businesses worldwide. Founded in 2006 Unistream Bank was named Uniastrum Bank back then. Unistream Bank operates under its own banking license and provides international money transfer services as well as other financial products such as deposits, loans, cards etc. Unistream Bank also won an award back in 2019 as the Best Money Transfer System in Russia by Global Banking and Finance Review for its money transfer system.
Benefits of Unistream Money Transfer
Here are some of the key benefits of using Unistream money transfer for all your international transactions:
- Unistream charges transparent and affordable fees for its international money transfers, with 0 hidden charges and extra convince fees or forex markup.
- Unistream offers exchange rates that are close to the interbank rate, which is the rate that banks use to trade currencies among themselves which is also currently the lowest in the market available.
- You can use Unistream without even opening an account which is added like a cherry on top.
- Unistream transfers are instant and can be done online using a debit card or credit card from their app itself, via the Unistream mobile app.
- Unistream is one of the fastest and most reliable International money transfer solutions out there in the market.
- Unistream has a large network of cash payout points worldwide.
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Eligibility Criteria
Here are the basic eligibility criteria that you need to fulfil before you can use Unistream for your money transfers:
- Your minimum age should be 18 years old
- You need to have proper ID proof like your Student ID card or Driving licence
- You need to have citizen proof from which country you belong
- You must have the recipient’s details like the SWIFT code
- You must have a valid passport
- To verify yourself as an international student you may also need to show your University offer letter as a proof
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Money Transfer PROCESS
Unistream is the most simple and easy-to-use money transfer solution, as you can also transfer money internationally without opening an account, you simply download the Unistream mobile app. Register your mobile number, enter your recipient details, send and you are done. Yes, it was that simple.
But in case you find any kind of difficulty while initiating an Unistream money transfer, you can always refer to this guide and follow the instructions:
- Visit the Unistream website or download the Unistream app on your smartphone.
- Choose your destination country and payout branch from the drop-down menus.
- Enter the sending amount and you will see the exchange rate and fee for your transfer.
- Enter your personal details such as your name, phone number, email address
- Enter your recipient’s details such as their name and phone number.
- Choose your payment method (debit or credit card) and enter your card details.
- Confirm your transfer details and submit your transfer request.
- You will receive a confirmation email with a tracking number for your transfer.
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FAQs
Ans. Unistream Bank has made its name for fast and secure transactions. Unistream transfers are instant and usually take a few minutes to be processed. However, some transfers may take longer depending on the destination country.
Ans. As mentioned earlier you will receive a tracking id, this can be used to track the status of your transaction. You can track your transfer status online or via the Unistream app using your tracking number.
Ans. Commission fee of 1% of the amount for transfers within Russia and 1.5% of the amount for other countries
Conversion charges are 0% irrespective of the amount (only applicable within Russia)
The baseline fee is RUB 50 ie. INR 48 (Minimum Fees)
This was all about Unistream money transfer. Reach out to Fly Finance for all finance-related concerns to simplify your study abroad experience with zero hindrances.
