|MONEY TRANSFER ABROAD||BookMyForex. com||Other Forex providers*|
|Bank Charges||₹ 225 ZERO||₹ 1000|
|OVERALL HIDDEN CHARGES||₹ 0||₹1200|
|* Other Forex providers include Online and offline companies. BookMyForex.com charges a Bank Fee of Rs. 225 which is paid back to the customer as cash back post order completion (use promo code: ZEROBANKFEE). Beneficiary's bank or intermediatory banks overseas may apply additional charges to customers as per local arrangement or inter-bank arrangements|
I am thrilled to share my exceptional experience with BookMyForex.com. From the moment I engaged with the platform, I was blown away by the simplicity of the interface, the step-by-step process, and the fair exchange rates. I am an early adopter of BookMyForex and have used their forex card as well as money transfer service for overseas education. Interacting with their customer support team is a true pleasure. They take the time to listen attentively to my needs, ensuring that all the transactions are completed on time and followed through till the end.
I have availed the services of BookMyForex three to four times for foreign currency remittance to my daughters in the US. Every time, I have experienced a pleasant and faster transaction. BookMyForex's customer support team has gone the extra mile, whether it be sending the A2 form to the channel partner bank or sharing the required documents with the channel partner to expedite the process. I truly appreciate their professionalism and wish them the best.
Hassle Free Inter country currency exchange services with best conversion rates. Very Prompt & Proactive. Got a Card delivered for my Son at my doorstep the next day morning itself. Wire Transfer services work so well in a limited period of time. Extra- Ordinary Services and Highly Recommendable.
Through the four years of my son studying abroad, I used Bookmyforex as the sole forex provider. With the best rates in India and exemplary service, I always felt I got the best of both worlds - a premium service at the best possible cost. Would recommend this highly to anyone who has forex needs.
I had heard of Book my forex through a friend of mine in 2019 when my daughter took admission in York University Toronto Canada. But I was a little reluctant back then to use the services from an unknown company. Came lockdown 2020 and I was in a complete mess as I had to deposit daughters tuition fees again and was reluctant to go to any of the banks in person. So this time I decided to use Book my forex services and it was flawless. I need not be going out of my house at all. All things went so smoothly on mobile and internet. I would recommend Book my forex for fees transfers to foreign universities and all forex requirements.
I have transferred money to my son, studying abroad, many times in the last two years, through Bookmyforex. Bookmyforex is very safe, reliable, and very fast in wire transfer. Bookmyforex is charging a very nominal exchange rate. I believe that Bookmyforex is the real HERO in wire transfer.
Recently my father had to remit some money to UK for my studies. Our regular bank, made my father visit twice personally for the remittance of my college fees, without any success. However, I discovered BookMyForex which proved to be much easy, homely comfortable, hassle-free, dedicated resolutions and prompt process. So far, my father has transacted at four occasions over the past three months for different forex services and every time we find the team to be as cordial, accommodating, prompt and dedicated as in the first place. Above all, the best rates and immediate prompts for every step in the process of remittance, so that you know the status in real-time. Excellent and dedicated customer service. I highly recommend utilizing BMF services. I am sure you won't go anywhere else afterward.
I would like to thank Bookmyforex for a quick and prompt response. Bookmyforex helped me transferring the money to the Netherlands easily without me having to visit the nearby bank for verification. They also provide the best transfer rate when compared to the other banks and services. I would strongly recommend anyone who would like to use Forex services. The services are quick, reliant, and convenient. Their customer service is exceptional, and they will guide you through the whole process. I found Bookmyforex to be the best option to perform outward remittances."
Live and transparent transfer rates displayed 24x7. Options to lock-in your rate for as much as 3 days. Rate alerts to notify you when your desired rates are available.
All transfers are processed within 24 working hours after receipt of the funds & documents. Funds received by the beneficiary abroad within 24 hours at no extra cost.
Visiting the bank branch is a thing of the past now. With the launch of our fully online remittance process, you can do everything online on BookMyForex’s platform. Now send money abroad from the comfort of your home.
BookMyForex waives off all sending charges associated with processing wire transfers. While banks typically charge between Rs. 500 - Rs. 2,500, with BookMyForex you pay absolutely ZERO.
It has never been easier to transfer money from India to Australia. You can do a wire transfer to Australia as it is one of the most popular methods of transferring money. It will cost you much less to let BookMyForex handle your outward remittance to Australia instead of doing so directly with a bank which will cost you much more. You will have to shell out around 2% extra if you do this remittance directly via banks. With wire transfers, you will be able to remit to Australia in the fastest time possible.
It could seem like a big challenge for first-timers to send money from India to Australia, but if done through online platforms like BookMyForex, it's really easy.
Migrating to another country comes with its share of excitement and apprehensions. In recent years, Australia has seen a huge rush of Indians who have migrated to the country either for residency or studies or work or to fulfil their aspirations. You can send money online to Australia for various purposes like maintenance of your relatives or for your kids' education or medical expenses, etc. You can send Australian Dollars through wire transfer online or a demand draft.
You have two ways to transfer money to Australia:
1: Online Wire Transfer (Swift Transfers)
2: Demand Drafts (money orders)
Sending money electronically between different accounts is easy and secure with a wire transfer. Money can be transferred quickly using this method, both domestically and internationally since other methods like demand drafts can take time. Wire transfers are useful for sending money quickly and securely, especially if the recipient and sender are in different countries. There are limits to how much money can be transferred, but these limits are usually quite high.
Wire transfer is the easiest and best way to transfer money to Australia from India. Though wire transfer is actually done by banks, it is cheaper to use the services of companies like BookMyForex. Online marketplaces like BookMyForex will get you a better rate on a wire transfer from India to Australia than banks. Banks in India charge anywhere from Rs. 500 to Rs. 1000 to process wire transfers. Moreover, most foreign banks that receive the money also charge a foreign correspondent fee ranging from AUD 10 to AUD 40. So when you do a money transfer online, always be sure of the charges and costs.
Despite online remittances and wire transfers being the most popular means of sending money abroad, some people still use foreign demand drafts. Payments can be made in other countries using demand drafts, such as paying university and medical fees, etc. To put it simply, demand drafts are physical paper drafts issued in foreign currencies.
Have you got friends, family, or acquaintances abroad? Are you required to send them money monthly or occasionally? With BookMyForex, you can make secure and easy wire transfers from India to Australia. With just a few steps on our website, you will be able to instantly send money to your loved ones:
Step 1: A money transfer involves selecting your city, and the country to which you want to remit money, and then entering the amount. Once you click "Book this Order", you will be able to continue with the order process.
Step 2: As a next step, you have to validate the remitter's details with an Aadhar card and a PAN card.
Step 3: After specifying the purpose of your remittance, you must verify your eligibility.
Step 4: Following that, you will have to upload a minimum set of documents such as a photo cum address proof of the remitter. A passport, Aadhar card, and voter card are all acceptable, as well as some other valid documents depending on the purpose of the transfer will be required.
Step 5: You will need to enter the beneficiary's details including name, address, bank name, routing number, bank address, account number, and Swift code in order to proceed. Following that, the funds can now be transferred online from the remitter’s savings bank account.
Step 6: You'll see a declaration page on your screen. An OTP will be sent to your email address and mobile number to confirm your consent.
Step 7: Make sure you have reviewed the order details before proceeding. The payments can then be made through NEFT/RTGS or Net Banking.
Step 8: An Order Confirmation summary will be shared with you. Your only task now is to check the remittance application form sent to your registered email address and submit it to us digitally. Once the partner bank processes the remittance, you will receive a SWIFT acknowledgement.
BookMyForex offers you the best exchange rates for sending money overseas. If you would like to transfer money using our mobile App, just download it and follow these steps:
Step 1: Go to the mobile app and select International money transfer. Enter the amount you wish to send, along with your city and the country to which you wish to transfer money. Click "Book this Order" to proceed.
Step 2: You are required to validate the remitter's details.
Step 3: As a next step, specify your remittance's purpose and verify your eligibility.
Step 4: A remitter's photo cum address proof, either a valid passport, Aadhar card or voter card, is required, along with some other valid documents, depending on the purpose of the remittance.
Step 5: Details regarding the beneficiary should be entered, including name, address, bank name, routing number, bank address, account number, and Swift code. Use any reputed online tool to find beneficiary swift code.
Step 6: Select your location to process your order
Step 7: You can make a payment through NEFT/RTGS or Net Banking once you have reviewed your order details.
Step 8: The Order Confirmation summary will be sent to you. Your next step will be to check the Remittance Application form sent to your registered email address and submit it to us digitally. As soon as the partner bank processes the remittance to Australia, you will receive a SWIFT acknowledgement.
The easiest and most convenient way to transfer money from India to Australia is via wire transfer from BookMyForex. Even though banks handle wire transfers online, BookMyForex offers a better alternative, thanks to our fully digital and smooth process. Wire transfers to Australia can be booked online in five minutes with our quick and paperless booking process.
As opposed to sending money through a bank, where there is usually a few-day clearing period, a wire transfer via BookMyForex is the fastest method of sending money to Australia, with funds usually available within 12 - 48 working hours.
BookMyForex offers transparent wire transfer rates along with the best level of customer service. Live and transparent transfer rates are displayed 24x7, so you can place your order whenever it is convenient for you.
With "Book Now and Pay Later" feature, customers can lock rates for up to 3 days with a refundable deposit of 2%. It's a great example of our commitment to innovation and customer service. Book Now Pay Later option is especially useful when currency rates are volatile.
BookMyForex offers the most affordable wire transfer rates along with the highest level of service. When it comes to money transfers, your bank is most likely to charge you a lot more than BookMyForex. You can save up to 2-3% on transfer charges when you book your remittance order online through BookMyForex.
The ease of transferring funds from India to foreign countries has significantly improved in recent years. Say "No" to bank visits as you can transfer funds to more than 150 countries, including Australia, at very low prices and with live exchange rates with BookMyForex.
As part of our "BookMyForex Student Offer", we offer students studying abroad exclusive discounts and cashback when they transfer tuition fees via wire transfer to Australia through BookMyForex.
If you're sending money from India to Australia, you need to keep the following factors in mind:
1) Exchange rates are the most important thing to consider. An exchange rate is the relative price of one currency versus another (or a group of currencies). Australia has an active international trade sector, so the exchange rate is a big deal. You can remit money to Australia at live and transparent exchange rates with BookMyForex.
2) It is important to choose a remittance provider that provides a seamless and secure experience to the customers while also ensuring that Remittances are sent only through trusted and authorized banking institutions. With BookMyForex, all remittances to Australia are made through trusted Indian banks, so the process is very secure. Our customer service is one of the best in the business.
3) A wire transfer can be fast, convenient, and easy to initiate, but there is a fee associated with it. When compared to banks, BookMyForex provides a very convenient and low cost way to transfer money to Australia. A nominal transfer fee of Rs. 225 + GST will apply with BookMyForex.
4) A service provider with excellent customer support is essential when transferring money abroad. BookMyForex offers great customer support service via email, chat, or phone. Whenever you need assistance with money transfers, you can count on us for guidance.
Yes, taxes are imposed on every transaction between India and Australia. As of 1 October 2020, tax is collected at source on outward foreign remittances. There will be a 5% TCS charge if you send more than Rs.7 lakh in a financial year.
As per RBI guidelines, outward remittances are not permitted in high-risk countries indicated by FATF (Financial Action Task Force). The list gets updated from time to time. For more information please refer to the information available on Fatf-gafi.org
Under the Liberalised Remittance Scheme (LRS), Indian residents are allowed to remit up to USD 250,000 or equivalent per financial year. This is the scheme set by the Reserve Bank of India (RBI).
It usually takes 12-48 business hours for the transfer to get processed. In case you want to know the status of the transfer, you can simply call us or drop us an email.
For money transfers, every bank or financial institution will charge a fee. Here are the following charges involved in a money transfer to Australia from India via BookMyForex:
1) Bank fee - INR 225
2) Goods & Services Tax (GST) - The % varies depending on the amount you wish to remit.
3) Intermediating banks or beneficiary banks may charge customers additional fees
BookMyForex processes the remittances via trusted and authorized Banks in India. We track the orders and keep you posted with the progress until the remittance is sent from India to the beneficiary's account. Your online transaction on BookMyForex.com is processed over a secure HTTPS connection and secured with the highest levels of encryption available. All credit card and debit card payments on BookMyForex.com are processed through a secure and trusted payment gateway and your credit card/ debit card/ net-banking info is never stored on our servers.
In order to complete the remittance process for Australia, you will have to upload the minimal set of documents, namely:
1) The remitter's photo ID and address proof, which can be a valid passport, Aadhar card, or voter's ID along with the PAN card
2) The beneficiary's identification document, depending on the purpose of the remittance.
To wire money from India to Australia, you must provide the following information about the beneficiary:
1) Beneficiary Bank Name, Swift Code, Routing number & Correspondent Account No.
2) Beneficiary Name, Address (as given in bank)
3) Purpose of Transaction with KYC.
You can send money to Australia for the following 8 reasons:
1: Studies abroad
2: Business Trip
3: Medical Treatment Abroad
4: Maintenance of close relatives abroad
6: Going Abroad on Employment
7: Gift or Donation
8: Private Visits abroad
Over USD 1.2 Billions in Forex Transactions Processed