What is the best mode to carry currency to bali?

[Batmanbaba]

I recommend hop money app they give sbm bank wealth management account that too in zero balance with zero Forex charges plus unlimited domestic atm withdrawals 😍

I have created hop money account... Now how to get this sbm wealth management account...???

 

[CMG]

I have created hop money account... Now how to get this sbm wealth management account...???

You can have sbm account and use sbm bank app by registering on https://www.sbmbank.co.in/
Works with Indmoney account, Tripmoney account, Niyo Global
If you have onecard FD account, that too will show up in the sbm app. You can transfer funds between these accounts too.

 

[Batmanbaba]

You can have sbm account and use sbm bank app by registering on sbmindia.co.in
Works with Indmoney account, Tripmoney account, Niyo Global
If you have onecard FD account, that too will show up in the sbm app. You can transfer funds between these accounts too.

Ok... And what about wealth management account.... Where to open it now..?

 

[CMG]

Ok... And what about wealth management account.... Where to open it now..?

This one https://retail.sbmbank.co.in/mfmbs/ib/newRegistration.jsp

 

[Batmanbaba]

Bu

This one https://retail.sbmbank.co.in/mfmbs/ib/newRegistration.jsp

T how to know the customer id

 

[CMG]

Bu
T how to know the customer id

for niyo global, it is shown in the profile. Regarding Hop, i have no idea. I tried registering for Hop, having some issue with otp

 

[ashwink]

Bu
T how to know the customer id

Mail sbm bank from your registered email id they will send your customer ID otherwise it's also there on your account statement sent via email monthly.

 

[Batman]

Hi ,

I will be visiting Bali this september. I am trying to find the best way/method to handle expenses in this international trip.

I found the following ways, please suggest the best option based on your travel knowledge.

1. Carrying USD from India. But i am not able to find the best way to get USD cash in India. Need suggestions here.

2. Niyo Global Card. Need your expert reviews or suggestions on this.

3. Any Forex cards.

Looking for some smart and innovative suggestions here.

Thanks.

Hey Anand, all the best for your trip.
I'm planning to do workation in Indonesia as well, for about a month, between ~20 Sep to ~15 Oct.

I have the Niyo Global card, plan to use the same. Do you mind sharing a few details on your plans there - travel destinations etc? I'll take suggestions and improve my itinerary.

 

[ChurningNoob]

Ok... And what about wealth management account.... Where to open it now..?

Did you open account with SBM? How is it any benefits?

 

[bigJ89]

Hi. I'm going to Thailand next month. Can I buy currency notes on bookmyforex with credit card? Do they charge extra for credit cards? And would it be considered as a cash withdrawal transaction from the bank? In that case bank will charge interest immediately?
Thank you.

 

[anandkk]

Hi. I'm going to Thailand next month. Can I buy currency notes on bookmyforex with credit card? Do they charge extra for credit cards? And would it be considered as a cash withdrawal transaction from the bank? In that case bank will charge interest immediately?
Thank you.

Best is to use your Ni yo Global card buddy

 

[vprajnya]

Hi. I'm going to Thailand next month. Can I buy currency notes on bookmyforex with credit card? Do they charge extra for credit cards? And would it be considered as a cash withdrawal transaction from the bank? In that case bank will charge interest immediately?
Thank you.

I dont think you can buy forex cash thru your credit card.
Convert only a minimum amount into USD in India, later withdraw cash using your debit card.
Use credit cards where ever they accept it.

I would suggest to buy currency notes only if you have hard cash in hand.

 

[Tejas]

I dont think you can buy forex cash thru your credit card.
Convert only a minimum amount into USD in India, later withdraw cash using your debit card.
Use credit cards where ever they accept it.

I would suggest to buy currency notes only if you have hard cash in hand.

You can buy Forex (Currency Notes) with Credit Card. Just that BookMyForex doesnt have the option enabled. I bought Currency Notes using CC during my travel to Bali in May 2022.

 

[vprajnya]

You can buy Forex (Currency Notes) with Credit Card. Just that BookMyForex doesnt have the option enabled. I bought Currency Notes using CC during my travel to Bali in May 2022.

Can you share the website where you did the transaction?
Thanks.

 

[Tejas]

Can you share the website where you did the transaction?
Thanks.

I did it through Thomas Cook. Do not that they have charges for using CC. So use CC only if you have one which gives good rewards.

 

[bigJ89]

Best is to use your Ni yo Global card buddy

Thanks for the reply guys. Does niyo global provide same exchange rate for atm withdrawal and pos transactions?
I'm planning to withdraw all the money required at once. So the charges I have to pay would be 500 Rs (thai bank charges) + 100 Rs (niyo global charges).

The only thing I'm wondering whether exchange rate at atm in thailand is as good as exchange rate at any other place in thailand?

And which option is cheaper? Carrying USD to Thailand and exchanging as required or using niyo global to withdraw thai baht at one go ?
And is there any upper limit for withdrawal at atm?
Thank you.

 

[harsh42s]

Useful

 

[jack333]

Which one is better indusind signature exclusive debit card or niyo global card?

 

[gurbina]

Do forex cards charge TCS while charging it even when below 7L? The rates seem to be higher than Visa/Mastercard exchange rates.

Whenever I pay with debit cards I get charged TCS 5% plus any other applicable charges (like FX markup fees + tax).

As per my understanding TCS it's charged always (even when you haven't exceeded 7L limit per year) and you can claim these back when filing taxes.

How about when buying foreign currency though Thomas Cook as cash? Is TCS charged?

If not the best might be a credit card with no markup fees and no withdrawal fees hopefully with branches in the country like SCB, DBS, Citi, HSBC, etc. and the Visa FX rates are still better than the rest

 

[Proffesor]

Niyo card offers 0 markup fee.