How To Send Money Overseas To Someone Travelling Abroad If you are a parent who wants to send money to a youth travelling abroad overseas what is the best way?

The cheapest option would probably be just to deposit money into their bank account so that the youth can withdraw this money with a debit card (or write a check).

This way everything can be done without any hassles.

Also, because all of the money conversion is handled by the bank, the exchange rates are going to be pretty good (compared to say a small money exchange shop which needs to make money on these transactions).

Any debit card carrying the Visa, Mastercard, Interlink, Plus or Cirrus logo will be usable in most countries.

In this respect, owning a debit card issued by one of the megabanks has huge advantages for foreign travel.

Another option for sending money is a cash transfer. This could be done via Western Union, and the person travelling abroad simply needs to locate an agent nearby where they can pick up the money.

You can use the online agent finder at http://www.westernunion.com using the 'Find Agent' feature. There is also a fee calculator at the site.

You may want to check the fees first, as it can be expensive to send money with Western Union.

It all depends on how you look at money though. $30 to $50 to send $500 is a lot of money if you are an immigrant worker...

But if your kid is travelling abroad in Europe for the summer and desperately needs $500, the $30 fee is dismissable and you just want the easiest most reliable transaction. Western Union probably has the highest distribution available and the most agents. You can also check out sending a MoneyGram with http://www.moneygram.com Or you can send an iKobo iKard with http://www.ikobo.com