International boundaries have become so domestic today that people are collaborating and working across boundaries while sitting back at their home, offices or places of their choice. Digital emergence has made the world a ‘Small World’ where almost every person has the accessibility to be in touch with thousands of fellow members of the world day in and day out especially just at the touch of their fingertips.submitted by bookmyforexgurgaon to u/bookmyforexgurgaon [link] [comments]
This modern time has sprung a spree of digital mode to be switching places with everything traditional in a single go. For instance, visiting a restaurant has exchanged places with online food ordering, shopping from stores has made a switch with e-commerce websites and to top the charts Banks and the Money Transfer has adopted the digital medium too. Can you beat that?
However, as easy and tech-savvy it sounds, every invention comes with its own drawbacks isn’t it? Thus, that’s the case with Digital Dominance too. As seamless and hassle-free the technology may make things appear, there is always a need for precaution and to beware!
Every domain has experienced its fair share of transformation but one of them that has really touched the lives of the people is the Banking, Financing and Money Transferring services. Who’d have imagined that technology will make it so easy for people to transfer money to each other from one country to another with a flick of an eye?
Times have changed and have given birth to options like BookMyForex—which is the world’s first and the largest online marketplace for currency exchange and international remittances— options like them have eased the process of exchanging foreign currency or transferring money like spreading butter. No hidden fees and zero charges policy and testimonials from the existing customers makes them a trustworthy option for the customers. Thanks to marketplaces like BookMyForex, foreign currency exchange has become fast and economical for a customer.
Not to forget, the D-R-A-W-B-A-C-K-S! Yes, these drawbacks can be quite epidemic in nature as a single miss in their process can make things a big mess for someone. Especially if it is Money Transferring, imagine you plan on sending money to your family overseas and mistakenly the account number you wrote was switched by one single digit. Woah! The magic happens…
Here is a list of a few things that one should take care of while making a money transfer, either domestically or Internationally:
This is the most common mistake that people tend to make. Yes, imply the thought of ‘easy gets easily ignored’ it is very simple to ignore this mistake. It is the initial step for any sort of transaction to take place, you need to fill the form with the CORRECT DETAILS. It is obvious that if the details aren’t right, the transaction will not take place, and if it does, it will be done to a wrong account, BIG LOSS!
MAKE SURE YOU READ
As much as you dislike Reading, never ignore reading when it comes to bank forms, and documents related to them, these are in a tough lingua but still understandable. Try and know about what’s written there, what does it mean, clarify your doubts with the officials before getting done with it.
CHECK THE TOTAL PAYMENT THAT YOU MAKE
Yes, it is the most important point because you may find that although you were told an Estimated Amount during the process, however, it may be different when you come down to payment. At times, there are charges that are taken by both the banks along with the intermediary one. It may happen due to the change in the country also, because of the extra charges that the bank needs to be paid for rendering the services. Make sure that you ask about it always.
ENSURE ABOUT THE DELIVERY
Yes, make sure you are informed and always in the know-how about the trajectory that’s taking place. Know that it may happen that delivery of the money you’ve sent takes more than the promised time, thus, stay in touch with the service provider or the concerned bank.
In the end, make sure that you are SMART, ACTIVE and ANTICIPATING everything that takes place.
It is quite usual to hear that someone or the other wishes to go for an International Trip. In fact, we all have been there and have experienced the curiosity of experiencing the adventures, isn't it!? Just when we are trying to absorb all these thoughts and plan on sinking in it, right then, at that very moment we are hit by the serious responsibilities that tag along with the overseas trip.submitted by bookmyforexgurgaon to u/bookmyforexgurgaon [link] [comments]
While there are many things that one must take care of, the most important of them is 'understanding Forex Exchange money system.' If you are a first time traveller then understanding the nuances of forex services is essential too. BookMyForex.com is an online Marketplace that offers buying, selling and remitting of Forex online with and active customer support, making your trip a perfect one.
Usually, educating oneself about the foreign exchange system is quite easy. However, when we come to the stage of understanding foreign currency conversion, it poses a threat to people. For instance, if you research on google about Euro, you'll find out a whole list of doubts about the Euro conversion live rates that people have.
Don't believe it?
Here are a few answers to some of the most common doubts about the Euro that people tend to have:
Is the Euro used by other countries as their currency too?
Yes, just like the US dollar the Euro is also accepted and recognised as an official currency by 19 out of 28-member states of the European Union. Apart from these 19, there are these institutions of the European Union along with the four European microstates and other special territories that are the members of the EU outside Europe. These places accept the Euro as their official currency for transactions in direct terms.
Are there any similarities between the rates of The Euro and The US dollar?
No, there are no similarities between the conversion rates of these two mega currencies of the world, their rates are decided separately on their respective growth, demand and place of value. However, the only similarities that one can find between these is that they have the common Central Bank in the eurozone. Also, just like the dollar, the euro is also a reserve currency. In fact, it is the second largest currency after the dollar that is also a reserve currency and the most traded one too. As of August 2018, it was reported that with 1.2 trillion euros in circulation in terms of banknotes and coins, the Euro has surpassed the US dollar.
How to find the best currency conversion rates?
The emergence of the digital era has made life cakewalk easy...If you are a first-time traveller and are finding any difficulties such as searching for trusted money exchangers, good rates, you can simply get the live rates online through BookMyForex.com.
BookMyForex.com is the world’s first and largest online marketplace for foreign exchange. You can find the best rates online which are the latest to last second. As an authorised money exchanger regulated by the Reserve Bank of India, bookmyforex.com is trusted by 3lac+ Indians with over ₹3,000+Cr exchanged.
Are there any extra/hidden charges behind the rates that are given?
There's a danger of getting different rates from different money exchangers outside as they include commission charges for providing services that are rendered to them by someone else. Thus, resulting in numerous rates from numerous money exchangers.
Whereas, converting currency online through BookMyForex.com gives you the best Euro Live Rate that include no hidden charges. As an RBI authorised online marketplace for buying, selling and remitting forex, BookMyForex.com has successful at helping people to exchange 2500+ crores of foreign currency. They are available at almost 650 cities with over 5000 locations, thus ending your search by bringing it to the access of your fingertips.
Still waiting? Just book online through BookMyForex and get the Forex delivered right at your doorsteps.*
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