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Client 1: using borderless. Client X: bank transfer (ICICI)

ICICI

ICICI

HDFC

Does ICICI offers any preferential exchange rates?

ICICI

was icici, switched to iob now due to better rates

Interesting what's the difference in inward remittance rates between ICICI and IOB?

Curious...why do you choose ICICI to receive international payments?

Better conversion rates @calm-barista-10323. ICICI has the best conversion rates (with respect to mid-market cash rate) for customers, as far as private banks are concerned in India. I shy away from govt banks as they are largely (perceived) to provide poor service.

@ripe-needle-9726 have you tried services like Paypal?

@calm-barista-10323 what's your point? AFAIK, Paypal has worse conversion/exchange rates anyway. (which Shashank mentioned was the "deciding factor" for him)

i see, thank you!

@calm-barista-10323 while we are on this topic, i couldn't find any clear data on inward-remittance rates+fees using Wise. According to this page, there is a flat 7.5USD for inwards remittance using USD wire-transfers. But, what would be the exchange-rate to INR later? (also would the 0.4% holding-charge apply in this case if holding a large amount of USD even for a week upon receiving it?) According to this page, the fees appear to be 5USD + 0.53%, which works out to be around 40paise margin less than then mid-market exchange rate. Is my above understanding correct for USD-INR inward remittance to India (or does Wise have any better rates)?