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How to save big on your Overseas Money Transfer with BookMyForex?

December 2023 3 min Read
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Summary: Looking to send money abroad for education or personal reasons? BookMyForex offers live and transparent forex rates, zero transfer fees, and a unique rate Lock feature. Read more to know why BookMyForex is the optimal choice for budget-friendly international transfers.

In our interconnected world, sending money across borders has become an integral part of our lives. Whether you’re supporting family abroad, paying for overseas education, or venturing into international investments, the method you choose for your overseas money transfer matters. While banks have been the traditional choice, FinTech platforms like BookMyForex are transforming the banking landscape by offering cost-effective and transparent money transfer services.

Best Forex Rates: The Foundation of Cost-Effective Transfers

Remittances typically involve high-value transactions, where even a slight difference in exchange rates can have a significant overall impact. For example, when sending university fees to the USA or Canada, the average transaction size is often USD 15,000 or more. Even If you perform such transactions twice a year, just imagine the potential savings achieved with a rate difference of just 1%. BookMyForex offers live and transparent rates that closely align with base rates, providing customers with a more favorable deal and allowing them to save significantly.

Thanks to the large number of remittance orders that we process combined with the multiple banking partners that we deal with, we have access to extremely preferential exchange rates, which we pass on to you. We’re so confident about providing the best value to our customers that we guarantee to beat any competing exchange rate quote from any of our competitors.

Zero Transfer Fees: Our Budget-Friendly Approach

While traditional banks often burden customers with hefty transfer fees ranging from 1000 to 1500 INR per transaction, BookMyForex on the other hand, has disrupted the industry by waiving the transfer fees. Operating with lower overhead costs compared to traditional banks allows us to pass on these savings to our customers, making international money transfers more affordable and budget-friendly.

Customers can enjoy the convenience of transferring money overseas without the burden of additional fees by using the promo code “ZEROBANKFEE.” So, don’t settle for anything less when you can save up to 5% with BookMyForex.

Unique Rate Lock Feature: Secure Your Desired Exchange Rates

BookMyForex stands out with the unique Rate Lock feature. The Book Now & Pay Later option allows customers to freeze their desired exchange rates for up to 3 days, providing flexibility and control over their international money transfers. With rates locked in, you are assured that you will have the same favorable rate even if the forex market experiences sudden fluctuations.

This feature is notably absent in traditional options, where immediate payment at prevailing rates is the only option available. Overall, our simplified processes make sending money abroad a breeze while guaranteeing swift delivery of funds to the overseas account within 12-48 hours after the remittance is processed. Forget about haggling with bank staff and spending an entire day sitting in a bank branch.

FeaturesBookMyForex

Others

Exchange Rates

1. Provides Live Exchange Rates; Rates Get Updated Every Few Seconds
2. Savings of up to 1-3% due to Lower Rates
1. Provides “Fixed Exchange Rates of the Day” to Counter Rate Fluctuations
2. No Transparency in Rates
Transfer Fees & Charges

1. Service Charges: Zero,
2. Bank Charges: Zero,
3. Nostro Charges: 1200-1500 INR depending on the currency & amount
1. Service Charges: INR 250-500,
2. Bank Charges: INR 1000-1500,
3. Nostro charges: INR 1500 depending on the currency & amount
Rate Lock Feature

1. Book Now & Pay Later Option Available
2. Lock-in Desired Rates for up to 3 Days
1. Book Now & Pay Later Option Not Available
2. Lesser Flexibility and Control over Rates

Exclusive Offers and Cashback from BookMyForex

In addition to the above, BookMyForex goes the extra mile by running special offers and providing attractive cashback to its customers. By booking remittance orders through BookMyForex during the offer period, customers can maximize their savings. You must keep an eye out for these amazing offers to enhance the overall value and cost-effectiveness of your transaction. 

Still not convinced? Come and see for yourself how much savings BookMyForex offers!

PlatformsSending Amount

Rate Markup (%)

Transfer Charges

Net Cost to Customer (INR)

Banks10,000 USD

1.75

1180 + GST

852,280

International Money Transfer Provider

10,000 USD

1.23

350 + GST

881,830

AD II Institutions

10,000 USD

1.63

500 + GST

851,489

BookMyForex10,000 USD

0.62
FREE
Use
Promo code ZEROBANKFEE
843,065

Wrapping Up:

BookMyForex has revolutionized international money transfers with a customer-centric, tech-driven, and budget-friendly approach. With the live & best rates, zero transfer fees, streamlined 24*7 online booking process, and unique features like Book Now & Pay Later, BookMyForex is your optimal choice if you want to save big on International money transfers.

 

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Testimonials
Christy Francis
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A huge thanks to BookMyForex, and their Customer Support team for their exceptional customer service, and for seamless processes they have in place for our Forex needs.

Rohit Advani
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It has been close to a decade since BookMyForex is assisting me in all my Forex needs. What an incredible journey it has been with BookMyForex. My trust & confidence in BookMyForex is such that in the past so many years, no other financial entity other than BookMyForex has dealt with all my Forex requests. Once I have raised a request, I rest assured that’s it’s in the right hands and gets done always with extraordinary service.

Shubham Garg
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When it comes to hassle free inter-country currency exchange and transfer there are many companies and banks which talk about competitive rate and fast service, but Bookmyforex is the one which actually fulfills both these criteria. I am a happy customer of Bookmyforex, who joined in June 2016 and had never faced any difficulty in getting money transferred. I would recommend Bookmyforex to every student, professional, and tourist who want a stress-free service in this competitive world.

Shivani Tyagi
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I used BookMyForex for my first visit to Singapore & Bali. BookMyForex representative made it easy and user friendly for me. Their staff is really helpful throughout the process and the rates applied are also lesser compared to other forex providers. I would highly recommend BookMyForex to everyone travelling abroad.

Badarinath K S
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I am a graduate student at the Carlson School of Management with my roots in Banglore. Bookmyforex by far has the best conversion rates with the least hassles and extremely supportive staff. I recommend every prospective student or traveler going aboard to use Bookmyforex and experience their amazing service.

Ridhima Suri
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I am using BookMyForex services from past 4 years & I always had hassle free dealings. I highly recommend BookMyForex for your maiden visit & you will surely use them in future.

Akhil Gahlawat
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Superb rates, great service, priority support, and hassle free card reloads – is all that you can expect from BookMyForex, apart from their complimentary referral discounts & zero fee multi-currency cards. Be it a casual trip to Thailand or business travel to the U.S, BookMyForex is a one-stop shop for all your forex needs. Highly satisfied!

Harman Gill
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I had a great experience with BookMyForex during my travel to Sweden. These guys have an excellent Service, best market rates and a high level of professionalism. Many thanks for all your dedicated & amicable support. Highly recommended for trouble-free experiance.

Why Trust Us

6,50,000+

Satisfied Customers

1.5 Billion+ USD

Forex Trxn Processed

500+ Crores

Amount Saved

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