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2025 Popular Overseas Study Cost Comparison — Plus the Ultimate Foreign Exchange Hack!

Lifestyle9 Sep 2025
More and more parents are choosing to send their children abroad to study, both to broaden their horizons and to help them develop independence. Before making any decisions, understanding the education systems, tuition fees, and living expenses of different countries is crucial.This article compares the costs of studying in popular destinations – the United Kingdom (UK), the United States (US), Australia, and Canada – to help you plan your budget with confidence. If your child is about to head overseas or is already studying abroad, it's even more important to learn how to exchange foreign currency easily and affordably, maximizing exchange rate gains and save on remittance fees.WLB - FX Blog 4 H2-EN.pngWLB - FX Blog 4 England -EN.pngWLB - FX Blog 4 US-EN.pngWLB - FX Blog 4 Australia-EN.pngWLB - FX Blog 4 Canada-EN.pngThe annual cost of studying abroad is approximately HKD 240,000 - 600,000, a significant sum. As you’ll need to remit funds regularly, exchange rates and remittance fees are particularly important.

How much difference can exchange rates and fees make?

Let’s assume you need to remit HKD 50,000 to the UK each month. Bank S offers an exchange rate of 10.6064, while WeLab Bank offers 10.54342. The difference in the exchange rate alone is nearly HKD 600. Add in remittance fees, and the monthly difference can be substantial. Want to know how to save this money? See how WeLab Bank can help you maximize exchange rate gains and reduce fees.

Ultimate Foreign Currency Exchange Hack – Earn the Spread with One App

  • WeLab Bank Best Rate^ AI Exchange Rates at a Glance
WeLab Bank uses AI to compare foreign exchange rates across major banks, making it super easy to get the best rate when exchanging foreign currency. That’s what we call the WeLab Bank Best Rate!Learn more about AI exchange rate: Compare the best exchange rates with AILearn more about foreign exchange: Exchange Currency with Ease
  • Zero Fee on Cross-Border Transfers*
During the promotion period, all outbound remittance transactions successfully made through the “Cross-Border Transfer” function of the WeLab Bank App are exempt from WeLab remittance fees. The actual waived fee amount ($0) will be displayed directly in the WeLab Bank App when you submit the remittance transaction.Learn more about global remittance: Guide for Global Remittance
  • Security
WeLab Bank is a licensed bank in Hong Kong, and your deposited foreign currency is protected by the Deposit Protection Scheme, with a maximum coverage of HKD 800,000 per depositor3, making it safe and reliable.Learn more: Deposit Protection SchemeSo, whether you’re investing in foreign currency or traveling, earning the spread with WeLab Bank is that simple!
Disclaimers:^Terms and conditions apply. Please refer to Compare the best exchange rates with AI for details.*From now until December 31, 2025, all outward remittance successfully made through the “Global Remit” function in the WeLab Bank App can enjoy WeLab Bank remittance handling fee waivers. Terms and conditions apply: https://welab.app.link/e/aNd7u0OM5Ub(1) Source:【海外升學2025 | 一文睇清10大熱門地點學費/使費　最平不是台灣？ | 香港01】WeLab Bank does not guarantee the accuracy, adequacy, reliability or completeness of the above information and expressly disclaims any liability for errors or omissions in such information; WeLab Bank does not make any guarantees in respect of such information.(2) The exchange rates of Bank S and WeLab Bank were calculated at 9:16 AM and 9:13 AM on August 26, 2025, respectively, and rounded to four decimal places for easy comparison. The above information is for reference only.(3) WeLab Bank is a member of the Deposit Protection Scheme. Eligible deposits taken by this Bank are protected by the Scheme up to a limit of HKD 800,000 per depositor.Currency exchange involves risks. Foreign exchange markets are subject to unpredictable fluctuations. If you choose to convert your HKD or foreign currency deposit to other currencies, such foreign exchange transactions will be subject to risk arising from exchange rates fluctuation. As a result, you may suffer losses. The information above is not and does not constitute or form part of any offer, recommendation, invitation or solicitation to subscribe to or to enter any transaction.
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