The card allows withdrawing cash in foreign currency, check balance, shop and also topping it up depending on the requirement. This research has been based on the payment through the use of plastic card or money.
All You Need to Know About a Forex Card for Overseas Travel
Plastic card or money is another option to the cash or the standard money. Forex Card money is very easy and convenient to carry all over the world and no need no to carry a huge amount of money. So, as you firm up your upcoming holiday plans, we tell you what is a forex card, how to get it and why you should buy it.
A forex card is a prepaid travel card that is loaded in a foreign currency of your choice before you start your trip. You can get a forex card from any bank or authorized forex dealer for a small fee of INR Some exchangers like BookMyForex do not charge any issuing fee.
- What is a forex card.
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- How to Buy Forex Prepaid Card?.
Most forex dealers and private banks provide door-step delivery of the card. To be safe, it is advised to apply for the card at least a week in advance.
How to Buy & Reload Forex Prepaid Card - ICICI Bank
These cards come with a validity of three to four years. Though there are no charges on transaction, forex cards entail some other charges in the form of re-loading, encashing, cross-conversion and balance enquiry fee, among others see table. Cross-conversion fee is levied when you transact in a currency different from the one loaded in your card.
Some ATMs allow withdrawal through forex card but charge a fee, which varies across banks.
Federal Bank Forex Card
With a Matrix Forex Card, enjoy convenient access to your money in the currency of your choice. Use your Matrix Forex Card for making purchases at more than 30 Million merchant establishments directly, or for making online payments. The Matrix Forex Card is reloadable anytime anywhere and in case you lose your Matrix Forex Card, you get a replacement card which can be instantly activated.
They are levied when transaction done on the card are in a currency other than the one loaded on the card, as per industry norms and process.
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- State Bank Foreign Travel Card - Personal Banking?
- State Bank Multi-currency Foreign Travel Card.