Money bookers account currency - INR or USD - Which one to choose? Please help

I have been using Paypal for some time and I tried to open MB account. I chose INR as my currency as I will be transferring money to my bank account. Now, I am worried whether I should have chosen USD because from freelance websites and from my clients, I will receive payment in USD. I haven't initiated any transaction and hence, I can change account currency once.

Can someone tell me which currency is better for Indians INR or USD? I mean, which one will save conversion fees?

 

I have chosen USD am from india .This isnt really a big problem .Even i want to knw about conversion fee .

 

Have you withdrawn money to your bank account? I want to know about the conversion fee charged when you withdrew.

 

Yes i have withdrawn several times ...Moneybookers charge 111 rupees per transaction and once money is in your bank account they charge you 90 rupees so a total of 200 rupees per transaction

 

Do you suggest me to convert my currency from INR to USD? Are any proofs required for changing the currency? I have verified my email address, mailing address and I have just added my bank account information.

 

No not required i think .I dont think it matters because when you withdraw money to your bank account you will be only left with the option of INR .Keep it same and may be you can check on the conversion fee

 

Thanks for your reply. I will keep it INR itself.

 

My pleasure also dont forget to update this thread if you find any value for money by keeping Default as INR .cuz i have it as USD .if thats profitable ill change mine to INR lol .

 

to the OP I suggest you to keep it in USD bcz it is beatifically for you. I m with moneybookers from past 2+ years. Keeping your currency as USD help you to save money in exchange rates. bcz you ll get great exchange rates at your local bank.

However starting 2010 intermediary banks started charging $15 for each withdraw from moneybookers to your local bank. So the total fee will be 1.80 Euro + $15

Hope it helps.

 

bank charges 15$ ? What country are you in ? lolz

 

I m in India.

 

and I said INTERMEDIARY BANKS. READ CAREFULLY BEFORE REPLYING.

 

No matter which currency you select... their transactions are based on Euro...

 

don't spread rumors you azz hole. If you have no idea why you throw posts? I don't think you even have a Moneybookers account.

 

ok, I was thinking to change from INR to USD... remember after first transaction (probably withdrawl transaction) we can not change currency.

 

Oh lol so it means i cannot change it any more ?

 

Well hes partly correct . When i withdraw money in my bank account they do convert the money into Euro and then again convert it to INR .

 

yes can not

 

hello,
can we withdrawal USD in Indian bank accounts ?

 

lol No you can't withdrawal USD in Indian banks. However you can get USD in Indian banks and they ll offer you great exchange rates and you can withdraw your money only in INR.