Best way to buy foreign currency notes

[A Little Extra is Good]

Which is the best agent/money exchanger for buying physical foreign currency?
Can I use credit card to do this?

 

[Wealth is my birth right!]

Which is the best agent/money exchanger for buying physical foreign currency?
Can I use credit card to do this?

Try western union money transfer but can’t do big value deals

 

[Avid_snake]

Have used Bookmyforex. They're an aggregator so the rates are usually better.

 

[A Little Extra is Good]

Have used Bookmyforex. They're an aggregator so the rates are usually better.

Payment via credit card allowed?

 

[A Little Extra is Good]

Try western union money transfer but can’t do big value deals

Western union sells currency notes as well? I thought they only did money transfers.

 

[Avid_snake]

Payment via credit card allowed?

It is possible to pay through Credit card. But I did not choose the option personally as it had a convenience fee of some 2.5% on paying through credit card and also I preferred to pay through UPI once I received the actual currency notes

 

[A Little Extra is Good]

It is possible to pay through Credit card. But I did not choose the option personally as it had a convenience fee of some 2.5% on paying through credit card and also I preferred to pay through UPI once I received the actual currency notes

how was your experience with bookmyforex? good service?

 

[Wealth is my birth right!]

Western union sells currency notes as well? I thought they only did money transfers.

It’s not their main function but u can buy for small values less than 1000$ with cheap exchange rates
Major franchisees doing this for extra income as offline business

 

[Avid_snake]

how was your experience with bookmyforex? good service?

It depends on their partner for that particular transaction. They tie up with some forex vendor who then supplies the currency. One time in Bangalore was very prompt, got the currency on the same day but another time had ordered in Chennai, the vendor was far away and got the notes after multiple follow ups on the 3rd day only. Choose their service only because of better rates than others.

You can also call up local forex vendors directly and compare rates

 

[Karthik24]

Try Thomas Cook but just negotiate the rate (CC accepted)

 

[Reward Hunter]

Did you get points on magnus for forex transaction

 

[A Little Extra is Good]

Decided not to buy currency.
Have been using Magnus for transactions outside India and am getting points for that.
Credit Card works everywhere so not a problem

 

[Reward Hunter]

What was the markup they charged you? Better to buy forex.

 

[A Little Extra is Good]

What was the markup they charged you? Better to buy forex.

2 percent plus gst on credit card
Enquired about Forex which was far more expensive. Mark up for physical currency was 5-7 percent

 

[myforex]

To buy foreign currency notes, consider using a reputable service like BookMyForex. Start by researching exchange rates and choosing your desired currency. Place an order online, providing accurate details, and complete any required verification. Make the payment using the provided methods.

Opt for either home delivery or pick up the currency at a designated location. Upon receiving the currency notes, check their authenticity and count them. Keep all transaction receipts for your records. Monitor exchange rates leading up to your travel date, and be aware of minimum and maximum purchase limits, as well as any transaction fees.

Having a small reserve of the destination's currency for immediate expenses is wise. Store your foreign currency securely and consider feedback and reviews to help others. After your trip, exchange any unused currency back to your local currency. Using a reliable service like BookMyForex and staying informed about exchange rates will ensure a smooth and cost-effective currency exchange experience.

 

[Ethanjon]

Consider contacting your local bank for a reliable exchange rate; credit cards are generally not accepted for physical foreign currency purchases.

 

[S.S.]

Trying to buy 1k usd through bookmyforex but it says not available

 

[gowthamv]

Try Orient Exchange.

Comparatively , they provide the best prices.

 

[Viper1057]

Try Orient Exchange.

Comparatively , they provide the best prices.

Can you tell me what is the mcc code for orient exchange or which card you used to pay for it and if you got cashback/reward points using it?

 

[Sneha13]

You can exchange your foreign currency notes via banks or online forex platforms. With online forex platforms, you can get foreign currency at far better exchange rates than banks. There are many online platforms like BookMyForex, Thomas Cook, Orient Exchange, etc.