Best Debit Card in the World? & Why?

[MeanMachine]

Well things you find in this forum are just amazing, I was in need for something exactly like this and applied.
awaiting for approvals.

 

[NAB]

Your card looks much nicer than the new one I just got.

View attachment 69627

Yes, Now they are sending this Regular Visa card instead Visa Platinum.
But the features are same for the both.

@TechnoFino

 

[FinoGuy]

View attachment 67486

Roughly 21Lakh Indian rupees ONLY for admin 21/- ka shagun

 

[moneyMaker]

Dada needs to create an affiliate link for opening US Schwab Current + Brokerage a/c!!

25k$ is a bit expensive.

 

[moneyMaker]

21Lakh Indian rupees ONLY

You can deposit and take out, only SWIFT fees, is what it takes.

 

[beast_boy]

You can deposit and take out, only SWIFT fees, is what it takes.

What is the lowest swift fee charges for this amount ?

 

[moneyMaker]

What is the lowest swift fee charges for this amount ?

check IOB or IDFC rates.

 

[paxauquabriba-4876]

@TechnoFino what's the process to get the debit card?

I already have the necessary funds in Schwab international brokerage account due to company shares I get..

how is that ?

 

[paxauquabriba-4876]

Dada needs to create an affiliate link for opening US Schwab Current + Brokerage a/c!!

25k$ is a bit expensive.

heard u get brkrg acnt only.

no us bnk acnt in self prsnal name

u depsit fnds to cs public pooled account & it re-routes fnds to brkrg acnt based on your brkrg acnt # as identifier to be mentioned in payment reference when dpsting funds

 

[ankitfintech]

how is that ?

What's the exact question?

 

[mail_amity]

heard u get brkrg acnt only.

no us bnk acnt in self prsnal name

u depsit fnds to cs public pooled account & it re-routes fnds to brkrg acnt based on your brkrg acnt # as identifier to be mentioned in payment reference when dpsting funds

Kya kijiyega itne saare bachaye huye Vowels ka??

 

[moneyMaker]

Kya kijiyega itne saare bachaye huye Vowels ka??

same thing, they do with the seconds saved when they stand up, when the airplane land.

 

[makman]

So if I transfer 25k$ just for this and then transfer it back, is there any tax implications such as TCS or is it ONLY Swift fee the net cost incurred? If so, whats the estimate Swift fee for 25k$? Do we have to pay fee for both inward and outward remittance?

 

[moneyMaker]

So if I transfer 25k$ just for this and then transfer it back, is there any tax implications such as TCS or is it ONLY Swift fee the net cost incurred? If so, whats the estimate Swift fee for 25k$? Do we have to pay fee for both inward and outward remittance?

taxes yeah, forgot about that.

Ask a CA who sort of has international experience.

from my understanding, YES.

so can do just before filling the taxes next yr so refund gets to you faster, and you don't have liquidity crunch if that's a concern.

 

[RAMESH BABU N]

I am just wondering whether banks (nowadays) will share the outward remittance details of 25K USD with RBI/ITD. If so, what would be the impact of that move or information.

Remember, we are getting ITD notices if we spend over 10L INR per CC in a FY. All along money is WITHIN INDIA.

Whereas, here, we are talking about moving 25K USD FUNDS OUT OF INDIA amounting to Approx 21L INR.

Take professional help or guidance before attempting this in the process of saving only a few dollar bank charges.

Be cautious n safe than being sorry later.

 

[RAMESH BABU N]

I personally prefer taking a pre-loaded Multi Currency Forex Travel card - issued by almost all banks n others entities too. Many also offer other benefits like free SIM for use abroad.

This also helps if we travel to more than one foriegn currency countries.

I/we often travel to Europe (Euro), UK (GBP) and USA (USD) - usually in one trip. Then our preloaded MCFT card is very useful n works trouble free at all times - in shops, online, offline and on ATMs. You can always get back the unspent balances on returning home.

 

[moneyMaker]

pre-loaded Multi Currency Forex Travel card

i don't think they'd allow 25k USD.

but can check www.bookmyforex.com ig.

 

[RAMESH BABU N]

i don't think they'd allow 25k USD.

but can check www.bookmyforex.com ig.

Why would you need that much ?

You must have already bought all of your flight tickets, all of your hotel bookings and other major expenses (entry tickets, rail/train tickets, event entrance tickets.....) and all paid up.

Each adult can have a prepaid card, if your need is really that demanding.

 

[makman]

I personally prefer taking a pre-loaded Multi Currency Forex Travel card - issued by almost all banks n others entities too. Many also offer other benefits like free SIM for use abroad.

This also helps if we travel to more than one foriegn currency countries.

I/we often travel to Europe (Euro), UK (GBP) and USA (USD) - usually in one trip. Then our preloaded MCFT card is very useful n works trouble free at all times - in shops, online, offline and on ATMs. You can always get back the unspent balances on returning home.

Only trouble with multi currency forex card i see is that they will charge markup if you are transacting in a currency other than the loaded currency. Or i am not sure if any such free markup forex cards exist. So for multi country trips you have to be cautious of loading currencies with specific amounts you need and the hassle of unloading if there are balances left post trip. Rather than doing this, free forex markup debit cards will be better.

 

[RAMESH BABU N]

Only trouble with multi currency forex card i see is that they will charge markup if you are transacting in a currency other than the loaded currency. Or i am not sure if any such free markup forex cards exist. So for multi country trips you have to be cautious of loading currencies with specific amounts you need and the hassle of unloading if there are balances left post trip. Rather than doing this, free forex markup debit cards will be better.

That solely depends upon the way you travel, you plan and you spend.

We never had any issue with MCFT cards. Moreover, except once, we never took cash from an ATM. We always had friends in each country to take care of so many issues - which we used to put them in place.