Introduction:-
A forex card is a type of prepaid card in which you can load money in foreign currency.
It is globally accepted, and you can either pay for your expenses using your forex card or withdraw cash in foreign currency at an ATM.
Forex cards are divided into two types
- Single currency cards :-
There are high cross-currency charge on this card whenever you use a different currency and also comes with limited use.
- Multi currency cards :-
A card that can be loaded with 23 different currencies(As per country you travelling) and can be used throughout the world. When you are traveling from one country to another, it helps you change to the currency of the country you are going to visit from the currency you are currently using.
BENEFITS OF A FOREX CARD :-
A forex card comes with a lot of benefits, especially when you are traveling abroad.
Here are a few benefits you get when you opt for a Forex Card in India:
1. It is very safe option to handle foreign currency while traveling abroad.
2. Less expensive and comes with fewer charges than that of credit or debit cards.
3. Forex card offers exclusive discounts and privileges.
4. It's also help to making payment of any purchase, all you need to do is swipe your card to pay.
5. Also useful For making payment of any purchase, all you need to do is swipe your card to pay.
6. The best Forex cards offer better rates for currency exchange than a traveler’s check or cash.
7. Forex cards in India come with special discounts, no ATM access fee, no cross-currency charges, and low transaction charges.
8. Its features make it a safe method of payment.
9. It is accepted worldwide.
10. Forex card also offers free international sim cards, emergency cash assistance, and etc
WHAT IS CHARGES ? For Example...
HDFC BANK Forex Cards
Regalia Forex Plus Multi currency Platinum ForexPlus :-
1. Card issuance fee Rs.1,000 plus taxes Rs.500 plus taxes,
2. Reload Fee Rs.75 plus taxes Rs.75 plus taxes,
3. Re-issuance of Card Fee Rs.100 plus taxes Rs.100 plus taxes
You don't even need an account relationship with the bank to purchase the card.
You Can withdraw cash from any ATM worldwide but There is a daily limit of $10000 for purchases at a merchant establishment and a daily limit of $1000 or equivalent for cash withdrawal from an ATM.
Forex cards will be very useful when you travel to other countries.
Then If you traveling Abroad get your FOREX CARD NOW.
We Cover all information if Questions You Have Then please mail or Drop a Comment.
Thanking You
Happy Banking.
BankinGuru🤟
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