International trips, business meetings, studies abroad – all require currency conversions to be done. Since the last decade or so all of the above-mentioned activities have been on an upswing and as a result of that, so has the currency exchange market been. When you look for currency exchange options these days, you will be spoilt for choice as you will have many options to choose from.
Where To Exchange Currency Without Paying Huge Fees
Even as a novice, you will understand that you must not go with the option that applies huge transaction fees and markup costs. You must therefore choose your currency exchanger wisely, Here are some tips to help you to exchange currency without paying huge fees at all stages of our international trip:
Banks: Before you embark on your travel, you must stock up on your forex and if you are a premium account holder in a bank, then you can avail of their currency exchange services. Make sure you check the transaction fees as the services of some of the banks are limited.
- Currency Exchangers: There are a number of currency exchangers available – both conventional and online. Online currency exchangers like BookMyForex are reputed in this domain. They offer ‘live rates’ to their customers and the ease of booking your forex is through your smartphone or laptop. What’s more, they even deliver your order at your doorstep. These are the reasons why more and more people are opting for online money exchangers than conventional ones.
- ATMs: If you need forex in the middle of your travel, then ATMs from where you can withdraw forex from are another option. Check with your bank for any service charges that you may have to pay.
- Pre Paid Travel Cards: These cards are emerging as a favorable option amongst frequent travelers. All you need is a pre paid travel card which you top up with money. You can use the card as it is or you can use it in ATMs to withdraw money. In case, you run out of cash on it, then service providers like BookMyForex provide you with a 24X7 helpline service that will assist you with top up procedure and options.
So, this time when you choose to exchange you forex, do it in an informed way. The markup costs and service charges are exorbitant at the airports and hotels and hence you must not ever exchange forex in these places until an emergency strikes.
For currency exchange, remittance, prepaid travel card and other forex products, log on to www.bookmyforex.com or call 09212219191 to know more.