Need $$$ Going Abroad!

Need $$$ Going Abroad!

Score: 1 Votes: 1
Kanz
Deal Subedar
1
80
1612
18

Hey Folks,

I am going abroad next week for 15days.
Easiest way to convert money in any country is to take dollar there.
But now in market to get dollar is impossible,people demanding 100 INR for 1$.

So what is the easiest way??

Can i load money in my account and do cash withdrawal there? any idea about charges??

Any other way guys??

TIA.

31 Comments  |  
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Deal Lieutenant
11
793
4014
255

Bro check currency exchange in travel agents like thomascook. .https://www.thomascook.in/tcportal/product...do
You can transfer via bank to them if you dont have other than 500 or 1000 rs now per $ is they sell for rs 69.25 for cash
… They give you dollars and also if you want prepaid card where you can use card to withdraw at the country …
Even many banks provide the same ….

Stupendous man
Deal Captain
0
287
8424
89

Banks will provide foreign currency…take your visa along with you

Missing
Deal Lieutenant
2
150
3708
43

@kanz

Get a forex card (you would need to go to bank and maybe now it would be crowded) or get in touch with some forex agencies which have online booking and home delivery faciilty (use caution)

Giphy %282%29
Deal Lieutenant
6
216
4802
47

But Travel card from your bank. Take International Debit card (inform bank about foreign trip). Take travellers cheques. But whatever you do, dont take Indian currency thinking you can exchange it there. it will be tough and expensive. Refer desiyatri website for some spending and buying guides in foreign currency.

Giphy %282%29
Deal Lieutenant
6
216
4802
47

Dont buy from Thomas Cook unless its only option. They offer worst exchange rates in town. Kala dhan hai toh 100 mei lelo. tab bhi theek hai.

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Kanz
Deal Subedar
1
80
1612
18
@Stupendous Man wrote:

Banks will provide foreign currency…take your visa along with you

Going bank is impossible now they not allowing me take a step inside the bank due to current conditions.

Sachin tendulkar1
Deal Subedar
1
76
1006
11

Hi, the best way is to withdraw cash in that country. I have been to several countries and I take about 50-100$ in hand & withdraw cash from abroad ATMs. Please note for one withdrawal there will be charge of 125+taxes. So best is to think and decide how much you need there.

Kanz
Deal Subedar
1
80
1612
18
@deals44u wrote:

Hi, the best way is to withdraw cash in that country. I have been to several countries and I take about 50-100$ in hand & withdraw cash from abroad ATMs. Please note for one withdrawal there will be charge of 125+taxes. So best is to think and decide how much you need there.

Yea 125+ST only this charge? Some said there is foreign exchange mark up fee of 2-3.5%.

Any other hidden charges?

Kanz
Deal Subedar
1
80
1612
18
@DealSeeker wrote:

@kanz Take a look at the following post: http://www.desidime.com/forums/dost-and-dimes/t...

Also look at the offer highlighted by @umarkumar.

Saw details about forex card, i don’t think any other benefit is there other than locking the exchange rate, As all the transactions are having some charges same as simple DC/CC has.

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Deal Cadet
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132
288
19

Chk www.bookmyfor...om
they provide one of the cheapest rate. You can transfer to their sccount via rtgs/neft and they will deliver forex card to your home/office.

Sachin tendulkar1
Deal Subedar
1
76
1006
11
@kanz wrote:

@deals44u wrote:

Hi, the best way is to withdraw cash in that country. I have been to several countries and I take about 50-100$ in hand & withdraw cash from abroad ATMs. Please note for one withdrawal there will be charge of 125+taxes. So best is to think and decide how much you need there.

Yea 125+ST only this charge? Some said there is foreign exchange mark up fee of 2-3.5%.

Any other hidden charges?

Currency exchange fees I only saw on my HDfc cards but Dbs and icici provides a very good rate during withdrawal.

Missing
Deal Subedar
1
87
1210
13
@kanz wrote:

@DealSeeker wrote:

@kanz Take a look at the following post: http://www.desidime.com/forums/dost-and-dimes/t...

Also look at the offer highlighted by @umarkumar.

Saw details about forex card, i don’t think any other benefit is there other than locking the exchange rate, As all the transactions are having some charges same as simple DC/CC has.

purchase from bookmyforex they are the best.

you save a lot in markup and currency charges. visa and master card always have a higher rates on top of which you give 5% markup unless you have any special card.

in abroad almost everywhere be it bus train or restaurant your card will work so take accordingly.

Kanz
Deal Subedar
1
80
1612
18
@anilenggworks77964 wrote:

@kanz wrote:

@DealSeeker wrote:

@kanz Take a look at the following post: http://www.desidime.com/forums/dost-and-dimes/t...

Also look at the offer highlighted by @umarkumar.

Saw details about forex card, i don’t think any other benefit is there other than locking the exchange rate, As all the transactions are having some charges same as simple DC/CC has.

purchase from bookmyforex they are the best.

you save a lot in markup and currency charges. visa and master card always have a higher rates on top of which you give 5% markup unless you have any special card.

in abroad almost everywhere be it bus train or restaurant your card will work so take accordingly.

Can i do cash withdrawal with that Forex Card? Or it is chargeable?

Matrix stickmen
Dimer Of The Year 2015
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1,847
38015
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@kanz wrote:

@DealSeeker wrote:

@kanz Take a look at the following post: http://www.desidime.com/forums/dost-and-dimes/t...

Also look at the offer highlighted by @umarkumar.

Saw details about forex card, i don’t think any other benefit is there other than locking the exchange rate, As all the transactions are having some charges same as simple DC/CC has.


Wrong. Once you load the forex card with a certain amount of dollars, there is no extra charge per transaction for paying in dollars.

Missing
Deal Lieutenant
2
150
3708
43
@kanz wrote:

@anilenggworks77964 wrote:

@kanz wrote:

@DealSeeker wrote:

@kanz Take a look at the following post: http://www.desidime.com/forums/dost-and-dimes/t...

Also look at the offer highlighted by @umarkumar.

Saw details about forex card, i don’t think any other benefit is there other than locking the exchange rate, As all the transactions are having some charges same as simple DC/CC has.

purchase from bookmyforex they are the best.

you save a lot in markup and currency charges. visa and master card always have a higher rates on top of which you give 5% markup unless you have any special card.

in abroad almost everywhere be it bus train or restaurant your card will work so take accordingly.

Can i do cash withdrawal with that Forex Card? Or it is chargeable?

HDFC forex card has negligible charges. There will be atm withdrawal charges of $3 and you can withdraw a maximum of $800 at once.

Missing
Deal Subedar
1
87
1210
13
@DealSeeker wrote:

@kanz wrote:

@DealSeeker wrote:

@kanz Take a look at the following post: http://www.desidime.com/forums/dost-and-dimes/t...

Also look at the offer highlighted by @umarkumar.

Saw details about forex card, i don’t think any other benefit is there other than locking the exchange rate, As all the transactions are having some charges same as simple DC/CC has.


Wrong. Once you load the forex card with a certain amount of dollars, there is no extra charge per transaction for paying in dollars.

if you buy the card from bookmyforex you get like 2 withdrawals free. But if you are going to US these guys now have 2 charges one is what your atm machine charges you and the other one is what your corresponding bank charges you. So your corresponding charges will be zero in case of bmf. There are no limits in forex card until you exhaust it. But this card doesn’t works with uber there in case you want to use it get your cc, dc card activated for international transactions.

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Deal Cadet
1
132
288
19

Withdrawing by forex card in chargeble but many banks like hdfc or axis give 3-5 withdrawals free and if it is corporate card all transaxtions are free. There is no markup for payment done at merchant POS machines. Ask merchant to use credit card option while payment. I have used HDFC and AXIS bank cards internationaly and not faced issues.

Kabali
Deal Colonel
446
23,535
33868
282
@19 Female Gurgaon wrote:

Dont buy from Thomas Cook unless its only option. They offer worst exchange rates in town. Kala dhan hai toh 100 mei lelo. tab bhi theek hai.


+

thr are charges for cash withdrawal from that forex card in usa.

Matrix stickmen
Dimer Of The Year 2015
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1,847
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@anilenggworks77964 wrote:

@DealSeeker wrote:

@kanz wrote:

@DealSeeker wrote:

@kanz Take a look at the following post: http://www.desidime.com/forums/dost-and-dimes/t...

Also look at the offer highlighted by @umarkumar.

Saw details about forex card, i don’t think any other benefit is there other than locking the exchange rate, As all the transactions are having some charges same as simple DC/CC has.


Wrong. Once you load the forex card with a certain amount of dollars, there is no extra charge per transaction for paying in dollars.

if you buy the card from bookmyforex you get like 2 withdrawals free. But if you are going to US these guys now have 2 charges one is what your atm machine charges you and the other one is what your corresponding bank charges you. So your corresponding charges will be zero in case of bmf. There are no limits in forex card until you exhaust it. But this card doesn’t works with uber there in case you want to use it get your cc, dc card activated for international transactions.

Two things:

(1) I said no extra charges for paying in dollars. Almost every Forex card I have used does charge some amount for cash withdrawals at the ATM. I never buy 3rd party branded Forex cards just to avoid hidden charges like the ones you mentioned. Always a good idea to buy directly from banks or via local travel agents like I mentioned in my linked post above.

(2) Most Forex cards do require extra steps in order to use them for electronic transactions (i.e. non-swipe transactions). But once you activate online transactions, the cards would work perfectly fine on Uber or any other site/app.

Missing
Deal Cadet
1
88
604
10

PayPal card is what I will recommend

Missing
Deal Subedar
1
87
1210
13
@DealSeeker wrote:


@anilenggworks77964 wrote:


@DealSeeker wrote:


@kanz wrote:

@DealSeeker wrote:

@kanz Take a look at the following post: http://www.desidime.com/forums/dost-and-dimes/t...

Also look at the offer highlighted by @umarkumar.

Saw details about forex card, i don’t think any other benefit is there other than locking the exchange rate, As all the transactions are having some charges same as simple DC/CC has.


Wrong. Once you load the forex card with a certain amount of dollars, there is no extra charge per transaction for paying in dollars.

if you buy the card from bookmyforex you get like 2 withdrawals free. But if you are going to US these guys now have 2 charges one is what your atm machine charges you and the other one is what your corresponding bank charges you. So your corresponding charges will be zero in case of bmf. There are no limits in forex card until you exhaust it. But this card doesn’t works with uber there in case you want to use it get your cc, dc card activated for international transactions.

Two things:

(1) I said no extra charges for paying in dollars. Almost every Forex card I have used does charge some amount for cash withdrawals at the ATM. I never buy 3rd party branded Forex cards just to avoid hidden charges like the ones you mentioned. Always a good idea to buy directly from banks or via local travel agents like I mentioned in my linked post above.

(2) Most Forex cards do require extra steps in order to use them for electronic transactions (i.e. non-swipe transactions). But once you activate online transactions, the cards would work perfectly fine on Uber or any other site/app.

My point is dont question unless you dont know how things work.

BMF always gives u cards from icici hdfc or axis. They make you meet agents who will provide u cards. All conditions are well stated. You can directly pay using imps and get the card in 15-20 minutes.

Third party services are always good, you need to choose them mindfully.

There was never an activation needed in my case.

Matrix stickmen
Dimer Of The Year 2015
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@anilenggworks77964 wrote:

@DealSeeker wrote:


@anilenggworks77964 wrote:


@DealSeeker wrote:


@kanz wrote:

@DealSeeker wrote:

@kanz Take a look at the following post: http://www.desidime.com/forums/dost-and-dimes/t...

Also look at the offer highlighted by @umarkumar.

Saw details about forex card, i don’t think any other benefit is there other than locking the exchange rate, As all the transactions are having some charges same as simple DC/CC has.


Wrong. Once you load the forex card with a certain amount of dollars, there is no extra charge per transaction for paying in dollars.

if you buy the card from bookmyforex you get like 2 withdrawals free. But if you are going to US these guys now have 2 charges one is what your atm machine charges you and the other one is what your corresponding bank charges you. So your corresponding charges will be zero in case of bmf. There are no limits in forex card until you exhaust it. But this card doesn’t works with uber there in case you want to use it get your cc, dc card activated for international transactions.

Two things:

(1) I said no extra charges for paying in dollars. Almost every Forex card I have used does charge some amount for cash withdrawals at the ATM. I never buy 3rd party branded Forex cards just to avoid hidden charges like the ones you mentioned. Always a good idea to buy directly from banks or via local travel agents like I mentioned in my linked post above.

(2) Most Forex cards do require extra steps in order to use them for electronic transactions (i.e. non-swipe transactions). But once you activate online transactions, the cards would work perfectly fine on Uber or any other site/app.

My point is dont question unless you dont know how things work.

BMF always gives u cards from icici hdfc or axis. They make you meet agents who will provide u cards. All conditions are well stated. You can directly pay using imps and get the card in 15-20 minutes.

Third party services are always good, you need to choose them mindfully.

There was never an activation needed in my case.


Huh? When did I question anything about BMF? For your previous post, did you mistakenly quote my post instead of somebody else’s?

Kanz
Deal Subedar
1
80
1612
18

Thanks all of you for your replies, have decided to take Forex Card from Bookmyforex website.

Missing
Deal Subedar
1
87
1210
13
@kanz wrote:

Thanks all of you for your replies, have decided to take Forex Card from Bookmyforex website.


Lucky You, do share your experience with them. And try paying with IMPS for getting the card ASAP.

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Deal Subedar
7
305
1690
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Rich peoples Conversation…..Better not to disturb…..

Missing
Deal Newbie
0
60
32
0

guys what if someone needs to visit bangkok? My friend went last year and he converted rupees to dollars. He converted dollars to baht at bangkok airport. while coming back he converted baht into dollars again at bangkok airport and converted dollars into rupees in india. This way he got cheao rates. What do you suggest presently?

Matrix stickmen
Dimer Of The Year 2015
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cooliodude75 wrote:

guys what if someone needs to visit bangkok? My friend went last year and he converted rupees to dollars. He converted dollars to baht at bangkok airport. while coming back he converted baht into dollars again at bangkok airport and converted dollars into rupees in india. This way he got cheao rates. What do you suggest presently?

Yes, you can get a better deal this way. See point # 3 in the following post where I mentioned something similar: http://www.desidime.com/forums/dost-and-dimes/t...

Missing