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Money Transfer via Expatrio Payments

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Expatrio
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With Expatrio, you have the possibility to transfer your Blocked Amount in several different ways.

For this, we have developed a solution called Expatrio Payments. Of course, you are completely free to choose your preferred way. 

About Expatrio Payments

Expatrio Payments has been developed individually and exclusively for the needs of international students by Expatrio in partnership with global education payments provider Cohort Go. With Expatrio Payments, we enable you to benefit from cheap transfers in your own currency in many countries while also giving you the possibility to transfer in USD or in EUR. It will also save time and you will receive your "06 Blocked Amount Confirmation" document even faster.

  • Cheap: favorable exchange rates, no extra fee1

  • Fast: same-day Blocking Confirmation2

  • Secure: our partner Cohort Go is licensed as a regulated Payment Service Provider for educational payments

Note: Once you are initiating your transfer, the currency conversion rate (or FX rate) will be frozen for you for a limited period of time (varying between 24-72 hours) after this period it will be updated to the current rate.

The Payment Process

1) You will be able to initiate your transfer from your Expatrio User Portal. Select 'Transfer Now' under Blocked Account. 
Choose the country of payment initiation. The transfer must be made from a bank account located in the country of payment initiation you have selected here.

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2) Read detailed instructions shown on this page carefully.

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3) Choose the payment method of your choice (Displayed list of possible payment methods vary based on the country of payment initiation).

 

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To benefit from a cheap, fast, and secure fund transaction process, Expatrio recommends you use the 'Domestic Bank Transfer' method.  

Note: You will usually have the possibility to transfer the funds in your local currency to a local bank account as well as transferring the funds in USD and/or EUR. In certain countries, you are even able to choose an instant payment method (like Alipay in China). Should you not be able to transfer in your local currency, we cannot offer this possibility in your country at the moment. However, you can still transfer the funds in USD or EUR.

A) Domestic Bank Transfer & International Bank Transfer in USD

4) Indicate who will be making the transfer. This might either be yourself or someone else (e.g. your parents, other family members, friends, etc.)

 

 

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5)

A: In case someone else will be transferring the funds to your Blocked Account, please indicate their personal information as requested on the page.

B: In case you yourself are transferring the funds, please proceed and double check your own personal data on the following page.

 

6) Read detailed instructions shown on this page carefully. (the content might differ based on the country of payment initiation of your choice)

 

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7) Done! You have initiated the transfer. Now, you can download the "Blocked Account Transfer Details" document under 'Downloads' in the 'Documents' section in your user portal.

You can simply click the "Go to download page" button.

 

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Note: In case you are using an instant payment method like Alipay, you will be redirected to another checkout page where you can finish the transfer. We will receive your funds within a few minutes. In turn, you will be able to download your "06 Blocked Amount Confirmation" from your User Portal. Steps 7)-9) will not apply in this case.

 

8) Download the "Blocked Account Transfer Details" document from your 'Downloads' page and follow the steps in the document. 

 

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9) Once you have executed the transfer (i.e. you have sent the funds to the account stated in the document), please upload the transfer proof under 'Blocked Account' in the 'Products' section. This is needed for regulatory reasons and will speed up the allocation of your transfer.

 

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10) We will receive your funds within 1-5 business days. Once we have received the funds, you will be able to download your "06 Blocked Amount Confirmation" document from the Expatrio User Portal.

B) International Bank Transfer in EUR

If you are planning to make an international transfer by using a traditional bank wire or online remittance services like Instarem/NIUM, Transferwise or xCurrency, choose the 'International Bank Transfer' EUR transfer option. Afterward, you will receive your Blocked Account details (German IBAN, etc.) and you are free to choose how to transfer the funds to your Blocked Account.

Note: For certain countries, the process for transferring the Blocked Amount in EUR will look like the process described above. This is the case because of the different cross-border payment regulations in different countries. Please do not worry and follow the steps above.

 

4) Read detailed instructions shown on this page carefully and click finish to proceed.

 

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5) You have initiated the transfer. Now, you can download the "05 Opening Confirmation" document under 'Downloads' in the 'Documents' section in your user portal. You can simply click the "Go to download page" button.

Note: Based on the country of payment initiation of your choice, we will show recommended remittance services. If you have changed your mind and want to use the 'Domestic Transfer' method, click the "Switch to Cohort Go" button. 

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6) Download the "05 Opening Confirmation" document from your 'Downloads' page and follow the steps in the document. 

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Note: Please make sure to send the funds in Euro. Should you not send the funds in Euro, we will not be able to credit the amount to your Blocked Account and the funds will bounce back to the account of transfer initiation. This would cause extra costs on your side. 

 

7) Transfer the funds to your German Blocked Account via international bank wire or by using a remittance service of your choice (e.g. Instarem/NIUM, Transferwise, xCurrency).

 

8) Once you have executed the transfer (i.e. you have sent the funds to your Blocked Account as stated in the document), we will receive your funds within 1-5 business days. Once we have received the funds, you will be able to download your "06 Blocked Amount Confirmation" document from the Expatrio User Portal. 

 

 

1 Expatrio’s payment partner Cohort Go converts your payments at foreign exchange rates usually only available to large corporations and we pass these savings on to you. Besides, Cohort Go does not charge any additional fees.

2 In certain countries, we offer real time payments (e.g. via Alipay in China) or local transfers that get credited to your Blocked Account the same day. Usually, it will take 2-3 days to receive your blocking confirmation.

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