Extravelmoney

26/02/2026

Extravelmoneyman to the rescue!

✈️| Going abroad?
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25/02/2026

24/02/2026

Nostro and Vostro sound like scary bank words, but the idea is easy.

For Ex; when you send money India → USA, your bank isn’t putting your INR in a helicopter and flying it to America.

It releases USD from its USD account in the US (Nostro), and the receiver gets paid in USD there.

Nostro/Vostro = the “foreign wallet” banks use to pay in another country’s currency.

Swipe through and you’ll understand it in detail.

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23/02/2026

Delays and rejections when transferring money abroad from India can be stressful, especially when you’re working with a university payment deadline or any other urgent payments. Most cases happen due to small issues that can be fixed quickly if you follow a clear checklist.

✅ If your transfer is delayed, check these first:
1️⃣ Cut-off time missed / weekend or bank holiday
2️⃣ Compliance or KYC review at the bank
3️⃣ Intermediary bank hold-up
4️⃣ Currency conversion or routing delay
5️⃣ Minor mismatch in beneficiary details

📌 Do this immediately:
1️⃣ Ask for the transfer proof, i.e., the SWIFT copy (money transfer abroad from India happens via the SWIFT network, and this is the RBI-authorized route for resident individuals for personal purposes)
2️⃣ Verify every detail: beneficiary name, account/IBAN, SWIFT/BIC, amount, reference/message (important for university fees)
3️⃣ If it’s still stuck, request a tracer / tracking investigation to locate where it’s held (sender/intermediary/beneficiary bank)
4️⃣ Share the proof with the receiver and ask them to follow up with their bank if needed

❌ If it’s rejected:
1️⃣ Ask the exact rejection reason
2️⃣ Correct details and submit documents
3️⃣ Re-initiate properly (refund timelines vary by banks)

Save this carousel for your next overseas payment.

Need to transfer money abroad? Get Great Exchange Rate + Expert Remittance Guidance

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WhatsApp: +91-9447765365
Call: +91-4842886900

22/02/2026

Get foreign currency & forex card delivered to you.

Place your order with us;

Website: extravelmoney.com
WhatsApp: +91-9447765365
Call: +91-4842886900

21/02/2026

Most travellers buy forex at the airport at the last minute and pay the price: high exchange rates, hidden charges, long queues.

Do it the smarter way. With ExTravelMoney, you can compare rates from RBI-authorized forex vendors, choose the best rate, and get genuine foreign currency home delivered. Forex cards are also available with same-day delivery in many locations.

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WhatsApp: +91-9447765365
Call: +91-484-288-6900

20/02/2026

Maldives on your mind 🏝️ Before you pack your swimsuits, pack your currency plan.

Quick Maldives money guide for Indians:
• The local currency is Maldivian Rufiyaa (MVR), but the smartest carry-from-India currency is usually US Dollars (USD).
• Convert some USD to MVR after you land for day-to-day spends.
• A simple split that works for most trips: 70% cash + 30% forex card
• Cash helps because many places are still cash-first
• A USD forex card is great for safer spends and ATM withdrawals, and you can lock your rate when you load it
• Don’t return to India with leftover MVR. Convert remaining MVR back to USD in Maldives, then exchange in India

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19/02/2026

Turns out it’s “fee time = compare rates first” 😌💸

Same dollars. Less rupees.

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18/02/2026

Stop losing money on international transfers because of hidden fees! 💸✈️

If you’ve ever filled out a Form A2 for a foreign remittance, you’ve probably seen three mysterious little codes: OUR, BEN, and SHA. 🧐

Choosing the wrong one could mean your recipient gets less money than you intended, or you get hit with unexpected charges.

When sending money abroad, intermediary banks often act as “middlemen,” and they don’t work for free. These codes tell the banks exactly who is picking up the tab for those extra fees.

Here is the breakdown you need to know:

🔹 OUR (Sender Pays): You, the sender, pay all the intermediary bank charges upfront. ✅ Result: The recipient gets the exact full amount you sent. 🎓 Best for: Paying university fees or immigration deposits where every cent counts!

🔹 BEN (Beneficiary Pays): The recipient (beneficiary) pays all the fees. The charges are deducted directly from the amount you send. ❌ Result: The recipient receives less than what you originally sent. 🤝 Best for: Sending money to friends or family who have agreed to cover the costs.

🔹 SHA (Shared): The “split the bill” option. You pay your bank’s outgoing fee, and the intermediary charges are deducted from the amount sent. ⚖️ Result: The costs are distributed between both parties. 💼 Best for: General business transactions or standard transfers.

Pro-Tip: If you’re paying for tuition or a blocked account, ALWAYS choose “OUR.” You don’t want your admission cancelled just because you were $20 short due to bank fees! 🚫🎓

Confused about your next transfer? Let us help you navigate the world of forex with ease. 🌍✨

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👇 Save this post if you are going to transfer money abroad in the future.

17/02/2026

When you send money abroad via Wire transfer (SWIFT), your payment may not go directly from your bank to the receiver’s bank, if the two banks don’t have a direct relationship. The money can pass through one or more intermediary (correspondent) banks in between.

These middle banks may deduct a fee for processing and routing the transfer. This is called an intermediary bank fee.

How it affects you?

The fee is often deducted from the transfer amount while it’s in transit.

So the receiver may get less money than you sent, even if your bank already charged you a transfer fee.

Sometimes there can be multiple intermediary banks, meaning multiple deductions.

The exact fee is usually not fixed in advance, so it can feel unpredictable.

Example

Let’s say you send $1,000 from India to a university in the US.

Your bank sends $1,000

An intermediary bank deducts $20

Another intermediary bank deducts $10

The beneficiary bank receives $970

So even though you sent $1,000, the receiver gets $970 because $30 was deducted as intermediary fees.

Why it matters

If you’re sending money for tuition fees, rent, medical bills, or blocked accounts, even a small shortfall can cause:

- Payment being marked as underpaid
- Delays in processing
- Extra charges or the need to send a top-up transfer

Hope you are clear on what is the Intermediary Bank Fee.

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