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Here’s How you can Load Cash in Forex Cards
Posted on Thursday, October 28th, 2021 | By IndusInd Bank
Do you love going on family vacations? Or does your work require you to travel abroad frequently? Then you must have heard of a forex card. Or maybe you already have one! It is undoubtedly the most effective way to carry money when you’re travelling abroad. A multi-currency forex card such as the one offered by IndusInd Bank, allows you to load money in various currencies and protects you from exchange rate fluctuations.
Moreover, they are more than just a secure form of making payments. You can also load your card in your desired currency whenever required. For instance, the Indus Multicurrency Forex Card is widely accepted worldwide and is available in 14 currencies. To reload your forex card, you caneither choose the online method or visit the nearest branch. Read on to learn more.
How to Load Money On a Forex Card Online?
If you already have an account with the issuing bank, you can load your forex card for the first time by using the net banking facility. After submitting the application form and the required documents, log in to your account and load cash in your preferred currency. Similarly, reloading your forex card onlineis also quick and easy. Remember, you can reload your card any number of times within its validity period.
Just follow the steps given below:
- Access your bank’s forex card portal
- Go to the forex card reload page
- Select your forex card
- Enter the currency type and the amount to be loaded
- Funds will be automatically added to your card account in the specified currency at the current exchange rate
After your forex card is reloaded successfully, you will receive an alert on your registered email ID.
How to Load Cash in a Forex Card by Visiting the Branch?
You can load your forex card for the first time at the time of the application process. All you have to do is submit a cheque with the amount you want to load along with the application form and the documents. Once your card is active, the funds will be loaded, and it will be ready to use within a few hours.
You can also reload your forex card on the go. For this, visit the branch, fill in the Forex reload form, and submit a cheque for the amount. The card will be reloaded once your application is submitted.
Things to Remember
A forex card is a convenient way to travel cashless, make online bookings, withdraw from ATMs or pay at hotels, stores, and more. You can easily buy a forex card onlinefrom either a new bank or your existing one. However, there are few things to keep in mind while using a forex card.
- The issuing bank charges a loading fee whenever you reload your card
- Always check the balance on your card after each transaction
- Be aware of the charges involved when you pay overseas or make ATM withdrawals
- Pay in the same currency as loaded to avoid cross-currency charges
- Check if your issuing bank offers insurance cover against theft or loss of the forex card
In Conclusion
A forex card is a one-stop solution for all your cash-related issues while travelling. When you buy a forex card online, you get to put all your worries at the back of your mind and have a fun-filled and hassle-free trip abroad. If you are not sure which Forex card to opt for, check out IndusInd Multicurrency Forex Card, which offers a safe, cashless and easy way to carry foreign currency when you travel abroad. To find out more about the Forex card, visit IndusInd Bank.
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
