Anyone had success in negotiating exchange rate with bank for $100k wire transfer from US to India? I tried with BOA and chase and they have a fixed rate, not willing to negotiate. Other option is to send in USD and negotiate with Indian bank to convert to INR. I’m transferring this large amount for the first time so please share any experiences

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Just to give a perspective $100K individually seems big amount but in big picture ( Overall financial institutions) very small one time transaction.. if you were to be sending $100K every week May be a different story…

Check with ICICI customer service might give you better rates

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I don’t think banks will negotiate this with any individual, unless you are an institutional investor yourself. Even if you call their customer care, they say that these are policy decisions taken at the highest level. Your best bet is to shop around different banks to see where you get the best rate. Also, some banks have tiers and increase exchange rate in terms of what tier you fall in.

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You are too small for the big corporations brother! You can’t negotiate

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Why do you wish to negotiate?

Try “Jayesh Bhai Patel Bank” in New Jersey

aka hundi…

Use Remitly

Try doing it in parts via Remitly if that works for you

100k USD might be a huge amount for you but not for the banks. All your negotiations will fall flat.

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