FAQs

Frequently Asked Questions

At BOP Exchange, we offer the following services:

  • Foreign Currency Exchange: Buy and sell foreign currencies at competitive rates.
  • Inward Remittance: Receive money sent from overseas through our secure and reliable network.
  • Outward Remittance: Send money abroad for education, family support, or medical purposes.
  • Wire Transfers: Transfer funds both locally and internationally through our trusted network.
  • Foreign Currency Deposits: Deposit foreign currency in your account or exchange it for local currency.
  • Telegraphic Transfers (TT): Fast and secure international money transfers.
  • Currency Export/Import: Facilitate currency export and import in compliance with SBP regulations.

We deal with all major foreign currencies, including but not limited to:

  • US Dollar (USD)
  • Euro (EUR)
  • British Pound (GBP)
  • UAE Dirham (AED)
  • Saudi Riyal (SAR)
  • Canadian Dollar (CAD)
  • Australian Dollar (AUD)
  • Japanese Yen (JPY)

For a complete list, visit your nearest BOP Exchange branch or booth.

Yes, you can buy up to USD 10,000 per day (or its equivalent in other currencies) with proper documentation, through bank transfer or in cash, as per SBP regulations.

Each individual customer is allowed to purchase foreign currency up to USD 100,000 annually, in line with SBP regulations.

Yes, biometric verification is required for:

  • All sending transactions (regardless of amount).
  • Currency exchange transactions exceeding USD 500. This ensures compliance with SBP's KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements. Foreign nationals are exempt from biometric verification.

For Pakistani nationals/residents, you need:

  • Original CNIC, SNIC, POC, or ACC. For foreign nationals, you need:
  • Original valid passport with a valid visa.

Yes, you can send money to your loved ones abroad through wire transfers, telegraphic transfers, or outward remittances. You’ll need proper documentation for transactions over USD 1,000.

For receiving inward remittances, you’ll need a valid identification document such as your CNIC or passport. Our remittance services are fast, secure, and compliant with SBP guidelines.

No, as per SBP regulations, only the account holder or actual beneficiary can conduct currency exchange or remittance transactions.

We offer competitive rates that can be checked at any of our branches or by visiting our website. Keep in mind that exchange rates vary throughout the day due to market fluctuations.

Always use licensed exchange companies like BOP Exchange, which is regulated by the State Bank of Pakistan (SBP). Avoid dealing with unauthorized agents found in public areas. To ensure safety, visit a BOP Exchange branch or use our branch locator on the website.

Yes, BOP Exchange allows customers to deposit foreign currency into their accounts and withdraw it as needed, subject to SBP regulations.

Yes, biometric verification is mandatory for all outward remittance transactions, regardless of the amount, in compliance with SBP’s regulations.

You can easily find the nearest BOP Exchange branch using the Branch Locator tool on our website.

BOP Exchange follows strict AML (Anti-Money Laundering) and KYC (Know Your Customer) protocols as mandated by the SBP. We ensure that all transactions are monitored and conducted securely to protect our customers.