Experience with BookMyForex

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Has Anyone tried bookmyforex?
How streamlined is the deposit and the withdrawal process?
In quora some of the post says once you pay them it is very difficult to get the money back especially the balance amount.
I saw bookmyforex rates are lower than the bank rates.
Is there any major benfit with regalia forex card?
@rogerthat You might know

10 Comments  |  
6 Dimers
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Deal Subedar
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Have used BMF in the past when they were dealing with Axis. The partnership broke and now they offer yes bank cards. When I did my Euro trip they even had free ATM cash withdrawals which was really a good thing but it’s stopped now. Recently got hdfc mmt forex card, you can pm me for review. But of all these I don’t see any reason to turn down the niyo card it’s worth a check

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dummyuser wrote:

Have used BMF in the past when they were dealing with Axis. The partnership broke and now they offer yes bank cards. When I did my Euro trip they even had free ATM cash withdrawals which was really a good thing but it’s stopped now. Recently got hdfc mmt forex card, you can pm me for review. But of all these I don’t see any reason to turn down the niyo card it’s worth a check

Niyo card is very new.
The site also does not give any real time conversion rates to verify if it is benefictial

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Deal Lieutenant
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dummyuser wrote:

Have used BMF in the past when they were dealing with Axis. The partnership broke and now they offer yes bank cards. When I did my Euro trip they even had free ATM cash withdrawals which was really a good thing but it’s stopped now. Recently got hdfc mmt forex card, you can pm me for review. But of all these I don’t see any reason to turn down the niyo card it’s worth a check

any idea, if loading hdfc forex card will also count as credit cards spends??

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best to is to get Niyo card..no markup fees..u can easily save upto 4% by using it rather than forex cards..i have personally used it on my USA trip last year..very easy process to add and withdraw money via their app..also refer scheme going so if u do transaction of 1k internationally u will get 500 balance..PM me if u want referal

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desisam wrote:

best to is to get Niyo card..no markup fees..u can easily save upto 4% by using it rather than forex cards..i have personally used it on my USA trip last year..very easy process to add and withdraw money via their app..also refer scheme going so if u do transaction of 1k internationally u will get 500 balance..PM me if u want referal

Is this also valid for online international transactions,say paypal international transaction by linking Niyo card to paypal account & pay via that?

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karthi4052752 wrote:

any idea, if loading hdfc forex card will also count as credit cards spends??

Yes, I did load my HDFC forex card with > 1000 USD (equivalent other currency) to benefit from 5000 points. Hopefully they will credit by end of 90 day period
The only downside is BMF rates are better than HDFC forex

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DealBroker23 wrote:

Niyo card is very new.
The site also does not give any real time conversion rates to verify if it is benefictial

“At the time of settlement, you will only be charged the the prevalent VISA exchange rate.”

So you can probably check Visa exchange rates online to decide, I still feel this will end up giving good rates

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guest_999 wrote:

Is this also valid for online international transactions,say paypal international transaction by linking Niyo card to paypal account & pay via that?

mostly yes..if payment gateway is international then it is

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haven’t handled forex so i don’t know anything in this regard.

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desisam wrote:

best to is to get Niyo card..no markup fees..u can easily save upto 4% by using it rather than forex cards..i have personally used it on my USA trip last year..very easy process to add and withdraw money via their app..also refer scheme going so if u do transaction of 1k internationally u will get 500 balance..PM me if u want referal

Niyo card might be okay, but since you mentioned about referral now i am somewhat biased

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