Money Exchange
#76
Re: Money Exchange
We have ICICI bank Rupee travel cards but i dont really think i 'trust' them/ICICI bank & am undecided as to whether to actually load them with the permitted Rs50,000 each. Being an Indian bank there is no protection under the FSCS & I can just envisage being in Goa, sticking the card in an ATM & "computer sez no!" - the hassle of trying to sort that out & convince ICICI bank to give us the cash off the card whist in Goa just doesn't feel worth the risk - especially after the recent Axis bank debacle. . . . . . . . . . .
H.[/QUOTE]
How do you get Indian Rupee travel cards? I have just been on ICICI bank online and can only find a card that can be loaded with currencies other than Indian rupees. They could be a good idea for people wanting to repatriate money from the sale of properties.
edited!
Just found icicibank.co.uk I was looking at .com this is a UK registered bank so you must have the same guarantees that you have with any other UK bank
H.[/QUOTE]
How do you get Indian Rupee travel cards? I have just been on ICICI bank online and can only find a card that can be loaded with currencies other than Indian rupees. They could be a good idea for people wanting to repatriate money from the sale of properties.
edited!
Just found icicibank.co.uk I was looking at .com this is a UK registered bank so you must have the same guarantees that you have with any other UK bank
Last edited by k800mer; Aug 31st 2013 at 9:37 am.
#77
Re: Money Exchange
The only good points i can see in these pre-paid cards are that you do not have transaction fees every time you want cash and of course safe guards from theft etc. The other day i was traveling to Sweden and i tried to cash some old American Express travelers cheques, about £500. The trouble i had with Money Express.....they had to call American Express first because they said no one uses them any more ! I told them they were more secure than a Mastercard pre-paid because to cash you need a passport.As for ICCI they offices around London and a huge on Knightsbridge. Very legit
#78
Re: Money Exchange
How do you get Indian Rupee travel cards? I have just been on ICICI bank online and can only find a card that can be loaded with currencies other than Indian rupees. They could be a good idea for people wanting to repatriate money from the sale of properties.
edited!
Just found icicibank.co.uk I was looking at .com this is a UK registered bank so you must have the same guarantees that you have with any other UK bank
edited!
Just found icicibank.co.uk I was looking at .com this is a UK registered bank so you must have the same guarantees that you have with any other UK bank
H.
#79
Lost in BE Cyberspace
Joined: Apr 2010
Posts: 20,711
Re: Money Exchange
So the Rupee travel cards are not covered.
http://www.icicibank.co.uk/personal/about-us.html
#81
Re: Money Exchange
As far as I can make out the cards are issued by ICICI Bank Ltd which is not covered by FSCS, but they are authorised to be distributed by ICICI Bank Uk plc which is covered by the FSCS.
So the Rupee travel cards are not covered.
http://www.icicibank.co.uk/personal/about-us.html
So the Rupee travel cards are not covered.
http://www.icicibank.co.uk/personal/about-us.html
#82
Forum Regular
Joined: Mar 2009
Posts: 46
Re: Money Exchange
I use Western Union online transfer to a affiliated bank in India ICICI no charge. To a Western Union online money transfer any amount up to 4000.00 pounds cost 2.90 pounds you get the best exchange rate as well.
ATM...Halifax Mastercard top exchange rate... Barclays a little extra.
I often use locals for money transfer who i trust and know when i am back in the U.K. 50,000 rupees for cash. Otherwise its a cheque
Regards. Rdenero
ATM...Halifax Mastercard top exchange rate... Barclays a little extra.
I often use locals for money transfer who i trust and know when i am back in the U.K. 50,000 rupees for cash. Otherwise its a cheque
Regards. Rdenero