Is passport required for currency exchange?

7. Re: Money Exchange, Why do I need to show my passport? I've found that when exchanging money in an actual bank or the currency exchanges in the airport, the passport is required.

What documents are required for currency exchange?

Documents Required to Exchange Foreign Currencies in India
  • Indian Passport.
  • Confirmed Air Ticket showing travel within 60 days.
  • PAN Card/AADHAR Card/Voter ID Card; any other KYC document.
  • Valid Visa (mandatory for some countries) For Selling Forex.


Is ID required for currency exchange?

Selling Forex

Copy of your Driving License. Voters ID. Aadhar Card. PAN Card (If required)


Do you need passport to exchange money in Dubai?

What documents do I need to exchange money? Most exchange houses will ask for a form of identification such as a passport copy or national ID, as well as contact details. If you have a traveller's cheque, it's worth contact the exchange house in advance to check if they'll accept it.

Do you need passport to exchange money Thailand?

Most currency exchange businesses in Bangkok will require you to display your passport, even for small amounts of money. Some will accept a copy of your passport, but it's best to bring the real thing to avoid being turned away.


How to do Currency Exchange in India? How to exchange currency in Bank?



What is best way to exchange currency?

Your bank or credit union is almost always the best place to exchange currency.
  1. Before your trip, exchange money at your bank or credit union.
  2. Once you're abroad, use your financial institution's ATMs, if possible.
  3. After you're home, see if your bank or credit union will buy back the foreign currency.


Can I withdraw cash in Thailand?

Yes, it is possible. You can do counter withdrawals at a Thai Bank or currency exchange and avoid Thai ATMs completely. As technically it is not an ATM withdrawal. Thai banks do not charge you the ATM fee for withdrawals or cash advances using your card at the Thai bank's counter.

Do I need my passport for Western Union?

If you need to pick up money at Western Union agent location, please present a valid International passport, National Identity Card, Driver's License, Residence ID (for foreigners), Foreigner's document.

Can I send money without Emirates ID?

There is no need to present any identification when sending money, however the person picking up the money needs to provide proper ID to receive the cash immediately. Certain branches across the globe also offer home delivery services.


Can I exchange money in Dubai airport?

In Dubai, one can exchange currency at the airport, hotel, Banks, or Currency Exchange counters. Most bank counters at the Airport are closed by 10-11 pm. However, a few bank's currency exchange counters are open 24x7 at the airport.

Can I do currency exchange at any bank?

Most major banks will exchange your U.S. dollars for a foreign currency if you have a checking or savings account with the institution. In some cases, a bank will exchange currency if you have a credit card with the bank.

What is the procedure to exchange currency in India?

The simplest means for currency exchange in India is through an ATM. You could use your ATM Debit Card of the country of residence to withdraw the required amount. Banks may charge an exchange rate transaction fee as well as a service fee when using your ATM card overseas.

How much cash one can carry in India?

Under the Reserve Bank of India's Liberalized Remittance Scheme (LRS), Indians are allowed to freely remit up to $250,000 (around Rs 1.80 crore) per financial year for any permissible transactions. How much cash can you carry? Travellers are allowed to purchase foreign currency notes / coins only up to $3000 per visit.


What is the limit for currency exchange?

You can bring into India foreign exchange without any limit. If, however, the value of foreign currency in cash exceeds US$ 5,000 and/or the cash plus TCs exceed US$ 10,000 it should be declared to the customs authorities at the airport in the currency declaration form (CDF), on arrival in India.

How much money I can receive from abroad?

India has not sent any limits on receiving funds from abroad. However, the foreign country you are in might have regulations that limit the amount of money you can send abroad. These regulations differ from country to country. For ex: In the USA, you are allowed to send an unlimited amount of money to India.

What is needed for international money transfer?

Recipient bank name, address and country. Recipient bank's routing code and recipient's account number. SWIFT Code, National ID or IBAN number of the bank where the receiving account is located. Purpose for transfer.

What is required for international bank transfer?

You must instruct your local bank by providing a request form for initiating an overseas wire transfer. Fill in the details like beneficiary bank name, address and account number, IFSC Code, beneficiary email ID and contact number as well as the purpose of payment in the form for the wire transfer.


What all details are required for international bank transfer?

What is Needed for an International Wire Transfer?
  • The recipient's full name and address.
  • The amount of the wire transfer.
  • Name and address of the recipient's bank.
  • Recipient's bank account number and account type.
  • Recipient's bank routing number.
  • Recipient bank's SWIFT or BIC code (when applicable)
  • Reason for the transfer.


Why does Western Union ask for passport?

Information. All financial institutions, including Western Union, are required to collect additional identity information to know their customers better.

Can I get money from Western Union without ID?

Western Union requires receivers to provide photo ID as an added way of ensuring they are who they say they are – and although it's not 100% reliable, this simple procedure helps protect your money transfer. Send with confidence.

What forms of ID can I use for Western Union?

You'll need to present any official government-issued ID, such as:
  • Passport.
  • Govt Office/ GOCC ID.
  • Driver's License.
  • Professional Regulation Commission (PRC) ID.
  • National Bureau of Investigation (NBI) Clearance.
  • Postal ID.
  • Voter's ID.
  • Government Service Insurance System (GSIS) E Card.


How much money do I need per day in Thailand?

How much money will you need for your trip to Thailand? You should plan to spend around ฿3,241 ($94) per day on your vacation in Thailand, which is the average daily price based on the expenses of other visitors.

Is it better to exchange money in Thailand?

The exchange rates of US Dollars to Thai Baht are better than smaller currencies, giving you higher exchange rates. Never exchange your money outside of Thailand – Always exchange your money into Thai Baht in Thailand.

Is it cheaper to exchange money in Thailand?

Changing pounds, Euros, or dollars in a currency exchange office on almost any street in Thailand gives you a better rate than most anywhere else. What is this? Airport rates are usually lower, don't exchange all your cash at the airport.

Can I exchange money in airport?

EXCHANGING CURRENCY AT AIRPORT IS EXPENSIVE

To exchange your foreign currency, you can approach public and private banks, money exchange centres, airports and online portals. However, currency exchange at airports can rip you off, as the charges range between 10% and 12% of the value of the amount.