CURRENCY CONVERSION FEE
Latest bank charges to send money abroad: SBI, HDFC Bank, ICICI Bank, Axis Bank, IDFC FIRST Bank, DBS Bank India
It means that as per the RBI rules, one can transfer of money up to USD 250,000 per calendar year for defined purposes. However, fees per transaction differ depending on the bank. Here is a comparison of the latest top banks’ charges for sending money abroad.
Axis Bank Credit Card major changes announced: Reward point earnings, lounge access, annual fee waiver rules changed for this credit card
New Axis Bank credit card rules: Let us take a look at the changes that will be made to the Axis Bank Magnus Credit Card.
Paying a price for sending money: The global impact of remittance fees and solutions
Barada Talukdar, a Kuwaiti mud specialist, uses Al Mulla Exchange to send money to his family and friends in Kuwait. However, the exchange rate fluctuations and commissions can be confusing for blue-collar workers like his cook. At the World Trade Organisation's ministerial conference (MC13) in Abu Dhabi, New Delhi discussed the issue of exorbitant fees for crossborder remittances. About 20 nations from Asia, Latin America, and Africa had spoken in favor of India's proposal to cut the cost of remittances.
Starting April, you will have to pay more for your Airbnb if you pay in a different currency from listing
Airbnb plans to raise the guest service fee for cross-currency bookings to drive growth in international markets. Starting April 1, guests will be charged an additional fee of up to 2% if they pay in a different currency. This will bring the guest service fee to a maximum of 16.5% of the subtotal.
ICICI Bank changes airport lounge access benefits for these 21 credit cards, reward points rules also changed; know more
Cardholders of ICICI Bank will soon notice significant modifications to airport lounge access benefits for these 21 credit cards, and reward points rules of many other cards.
10 tips about buying forex you should know before travelling abroad for vacation
After the novel coronavirus pandemic, many individuals are making plans to travel either in the country or in foreign places. However, if you are travelling abroad for the first time, then it is important to know certain things about buying forex. Read on to know 10 tips about buying foreign currency before travelling abroad.
Five tips to reduce charges associated with receiving payments from abroad
The process of receiving foreign currency payments can come with significant charges, which can eat into your earning and profits. Fortunately, there are several ways to minimize charges on cross-border foreign currency payments. Here are some expert tips to help you reduce the costs associated with receiving payments from abroad.
Cross Border Remittance: A need for transparency similar to capital markets
In case I am loading a forex travel card or purchasing currency for foreign travel, again my negotiation skills with my bank relationship manager will determine what I pay per dollar
Study abroad: How to minimise charges on foreign money transfers
Since international payments aren't a one-time thing when you study abroad, you'll need a convenient, fast, and cost-effective method to transfer money abroad. Here are some factors to consider when choosing a reliable and affordable way to transfer money for your child's overseas education.
HDFC Bank revises fees structure of these credit cards with effect from Jan 1, 2023
HDFC Bank has sent SMS notifications to certain credit card customers about changes to the credit card reward points programme and fee structure.
How new interbank forex card from BookMyForex cuts charges to the lowest
Interbank forex rates are the rates at which banks deal with each other for currency exchange and is considered the true foreign exchange rates. This is also very transparent rate which anyone can find and verify online on search engines. While most of the forex card issuer charged a markup over this rate, the new card claims to have zero markup over the interbank rate.
How to fund your first foreign holiday as a family
Taking a loan is a better option than swiping your credit card.
5 lowest transaction fee cryptocurrencies in 2022
Guide to pick the lowest crypto transaction fees cryptocurrencies in 2022
Falling rupee: What it means for your investment portfolio, study abroad and foreign holiday plans
After touching 80 to a US dollar, the rupee has pulled back for now, but further fall in value going forward is almost certain.
Money points to remember before you fly to study abroad
Factors like differences in currency rates, repayment of loans, daily expenses (not covered under scholarships), to name some, often tend to skyrocket the budget. These roadblocks often cause hindrance for students who wish to fly abroad.
Indians paid Rs 263 billion in foreign exchange fees in 2020: Report
The study conducted by Wise, a global technology company, revealed that between 2016 and 2020, the annual amount Indians lost in fees and exchange rate mark-ups increased from Rs 187 billion to Rs 263 billion.
Federal Reserve’s digital dollar momentum worries Wall Street
Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin.
Bitcoin is winning the Covid-19 monetary revolution
Among the big-name investors who have turned bullish are Paul Tudor Jones, Stan Druckenmiller and Bill Miller. Even Ray Dalio admitted the other day that he “might be missing something” about Bitcoin.
Is a better dollar-rupee rate for small businessmen on cards?
The central bank has asked commercial banks to disclose their dollar-rupee conversion rates for various kind of clients.
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