BookMyForex review || Honest reviews || Is it the best forex card?

[@finvestomate]

Apart from pointers mentioned in the video, BookMyForex also keeps providing some offers. You can find all offers & relevant cashback deals in below link: www.bookmyforex.com/current-sale/ There is new user discount also, where on completing the first transaction with BookMyForex by using NEWTOBMF code, users can get a flat discount of Rs. 200 www.bookmyforex.com/forexcardunboxing-contest/

[@KredibalBeing]

If we want to do wire transfer to bank accounts abroad from india, lets say europe , is XE the best and cheapest platform? do you have any experience using it?

[@rajputboy4609]

Hello Sir, I already have a NIYO Global SBM bank card. I am considering getting another one, either the HDFC Multicurrency or the HDFC ISIC Student ForexPlus Card. However, I recently learned about the BookMyForex card. Could you please advise me on which one to get?

[@finvestomate]

@@KredibalBeing I haven't used it personally, however I have heard good reviews about XE.

[@finvestomate]

@@rajputboy4609 I have BMF and ICICI Forex in addition to NIYO. When on international land, we have to safeguard ourselves minimizing any kind of financial risk.

[@KredibalBeing]

@@finvestomate just checked can't send money from india to abroad, service is not present in india

[@varunsskipper]

Extremely helpful in aiding my decision. P.S. Great editing and clear explanation. Well done!

[@finvestomate]

Thanks a ton! Such comments from users always motivates

[@supriyapriyadarshani7744]

This video is very useful! Thanks for sharing such valuable information!

[@asthabhatia4992]

Very informative, every minute detail explained very well

[@harshalekatpure5680]

What are the ATM Withdrawal charges for BookmyForex Prepaid card?

[@finvestomate]

Cash withdrawal charges from BMF card varies from country to country. Here is the link for that reference: www.bookmyforex.com/ybl-schedule-of-charges/

[@robinsharma]

Service Charge is applicable every time we load the currency in our card or just the very first time time?

[@finvestomate]

Only for the first time when you are purchasing the card. On loading again, there are no service charges. However, service charges are applicable on each purchase of Currency Notes.

[@kumarharshvardhan8510]

Very informative!

[@binovarghese5014]

They have currency conversion rate of 3.5% for malaysia as we need to use USD

[@shwetapriyadarshani197]

Nicely Explained

[@angadbhatia6838]

If we wish to go for ATM withdraw in foreign country then how much extra charges we need to pay (for BMF card) ?

[@tipsandhacksbygaurav]

Yh batao sbse important chij

[@finvestomate]

ATM withdrawal charges link for BMF is mentioned in pinned comment.

[@reddevilblue666]

Hi, thanks for the information. Are we permitted to use multiple forex cards of different banks in the same financial year?

[@finvestomate]

As per my knowledge, you can unless money spent is less than 250000 USD in a FY. This is as per LRS scheme.

[@shirintalwar2033]

Any balance on the card is refunded or has to be used within a specified period ?

[@finvestomate]

No time limit as such. You can unload the currency once you return from the trip.

[@Prakash7045]

Hi I am going to usa as an international Student, can I get this card? Because their customers service mentioned this card is not available for students going for education, can I just mention the reason as casual trip while booking the card? Will this cause any problem?

[@finvestomate]

I don't think any problem occurs, it is just that it is a hassle for you to reload the card again n again. Let me also know how that works!

[@BeingSarfaraz10]

Can i transfer funds from Niyo debit card to any Forex card Suppose Bookmyforex card .

[@finvestomate]

Not from debit card, but from the SBM bank account created. Just try! I haven't tried that personally.

[@BeingSarfaraz10]

@@finvestomate Niyo Global SBM Debit card or Credit?

[@Panwithparameshwar]

Sir, can we tap and pay using the BMF card

[@finvestomate]

Yes

[@Prakash7045]

Hi, the online interbank rate currently is 83.84 and the bookmyforex rate is 84.03 can you confirm why there is such discrepancy? What am I missing? 🤔 🤔

[@tipsandhacksbygaurav]

Commission

[@finvestomate]

May be when you place the order, BMF update rates at that moment. It is difficult to understand that anyone can provide better rates compared to interbank rates.

[@Harsh-ez6kz]

Hi, I am a student planning to study abroad, which Forex Card will be beneficial for me the Niyo Global DEBIT card or the BookMyForex Card??

[@finvestomate]

NIYO is more suitable for students

[@LifeWithInACamera]

We are planing to go thailand , is book my forex is a good option? Or we have some other better options.

[@finvestomate]

BMF can be considered.

[@user-td7jp2wv8o]

But these is valid only for 6 months ryt from the day of departure and we cant relode these card after 6 months ryt.....?

[@finvestomate]

After 6 months also, my card status shows 'Active' and I am able to load the currency

[@rashveenkaur4984]

Since this card does not have local currency for Indonesia, would it be a good option or not?

[@finvestomate]

USD also work in Indonesia, however, NIYO can also be taken as a back up card. I have another video on NIYO vs BMF on my channel. That will help you!

[@ankushharishchandre]

I'm traveling to usa next month as an international student, can you please suggest some good forex cards for daily usage and tution fee payments.

[@abhishekaggarwal6473]

same question

[@finvestomate]

@@abhishekaggarwal6473 this should be a good option

[@naxatra4u]

BMF don’t issue forex card to students. I tried, it rejected, also it asks for return journey date if not provided it says “instant loading not available “. If possible please suggest process how to get card for student. Thanks

[@shashikantprakash2717]

How to set transaction limit on contactless payment as if it gets lost i dont have to worry how much money i will loose by contactless payment

[@finvestomate]

Limit cannot be set. But in case card is lost, disable 'Contactless' option from BMF app.

[@ra5hid101]

I need a free forex card for online payments and good exchange rates?which one to get?

[@finvestomate]

BMF is free, with good exchange rates. If your need is to make online payments while you are travelling, then it is good card. Please note that to load any currency in BMF card, you need to have valid air tickets and visa docs (if applicable)

[@KuldeepGupta-js5fw]

Can you tell me why nio is better for students, as I'm going us for 15 months only

[@finvestomate]

BMF asks your return tickets as well. It is meant for shorter trips where itinerary is fixed. NIYO is like a credit card. It does not ask for anything.

[@apurvat3056]

Hi Sir, are they going to charge us GST of 0.18% everytime we load money into the app or is it only for the first time ?

[@finvestomate]

GST is applicable always. Service charge is applicable only on first time load of currency.

[@sarveshyadav1049]

Idfc wow forex vs Book my forex vs Neo??

[@finvestomate]

Here is the detailed comparison of BMF vs NIYO: kzbin.info/www/bejne/rHS6dH-je5J0j8Usi=wliJl2Dajh3FPEKU IDFC wow card - I haven't used personally, so not sure of its acceptance at all places.

[@sarveshyadav1049]

@@finvestomate i want to open idfc wow

[@anuragsrivastva6288]

Hi Sir. Is there any inactive charges?

[@finvestomate]

No, nothing.

[@anuragsrivastva6288]

@@finvestomate and what about the cross currency charges. Suppose I have Euro loaded in my Account and I am spending in country whose currency is different from Euro. Please let me know.

[@rajputboy4609]

Hello Sir, I already have a NIYO Global SBM bank card. I am considering getting another one, either the HDFC Multicurrency or the HDFC ISIC Student ForexPlus Card. However, I recently learned about the BookMyForex card. Could you please advise me on which one to get?

[@finvestomate]

I don't think BMF is a suitable option for students. As per my understanding, it is better to consider the cards which you mentioned.

[@rajputboy4609]

@@finvestomate is there any specific reason? although, now I will get from hdfc. just thought of BMF coz of low forex rates

[@jeriivarghese]

​@@rajputboy4609Hey which one did u choose

[@ritudhawan8095]

Load money by myself or can load family member or friend online?while card holder is abroad

[@finvestomate]

they need your login credentials and an OTP i guess, then they can upload.

[@praveenr6054]

Cash withdrawal through ATMs how is it?

[@finvestomate]

Cash withdrawal charges from BMF card varies from country to country. Here is the link for that reference: www.bookmyforex.com/ybl-schedule-of-charges/

[@jweego]

Bmf card has markup of 3.5% on every swipe?

[@finvestomate]

Markup fee of 3.5% + 18% GST on markup fee is applicable if you use your forex card for making transactions with a currency which is not loaded on your forex card. For example, I made a purchase of 6.90 EUR at Istanbul airport. However, transaction of 7.18 EUR happened on the card. The mistake I did is I selected TRY currency on POS machine instead of EUR currency. Hence, they debited in TRY. Now for TRY 189.75 Debited (Istanbul currency), EUR 7.18 (6.9 + 3.5% of 6.9 + 18% of 3.5% of 6.9) got debited from BMF card.

[@TheDhanush-Vlogs]

which card would you suggest for international students sir? NIYO or BMF

[@finvestomate]

NIYO is better for students

[@TheDhanush-Vlogs]

@@finvestomate thanks you sir, but I have taken loan from HDFC credila and they'll be giving me their forex card! And after watching your full videos on the comparison between niyo and BFM I see that BMF had less things to worry compared to Niyo Because BMF also provides sim and Forex Rates are locked and the exchange Rates they provide is better than Niyo and also their service (this was the info as per my research and info that I have after watching your informative video 🙏) So I was planning to buy a BMF since Niyo was once banned by RBI etc... So considering all the above and my future please assist me 🙏 Thank you

[@shaivikachandekar9911]

Is this a good card for Singapore? If not then which?

[@finvestomate]

yes, BMF can be opted for Singapore

[@shaanStark]

Cash Withdrawal charges ?

[@finvestomate]

Mentioned here- www.bookmyforex.com/ybl-schedule-of-charges/

[@shubhamchandra9554]

Airport lounge access? .... Like in Niyo it has