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Planning to study abroad? Here’s why a Forex Card is a must-have
Posted on Friday, July 10th, 2020 | By IndusInd Bank
Studying abroad ushers in intenseexcitement for all the right reasons – besides procuring a higher degree, it’salso about the numerous other highs of life. A different country, a potpourriof cultures, travel experiences and extravaganzas, socializing, learning andembracing the new you! The excitement is valid and palpable. After meticulousplanning, you might feel quite eager to fly out. However, you might want to considersome extra preparation to ensure you’ve covered every aspect of travel. Forexample, have you explored how to make payments en route or at your destinationcity upon arrival?
Cash can be a limited resource
Cash is best kept aside for emergencies when no other form of payment is accepted. Cards are already the preferred choices, especially when you are still getting used to a new currency. It may also be inconvenient to find keep finding a currency exchange agency every now and then. It will take time to figure out a bank, get an account, and become completely independent.Having a forex card can solve these problems when dealing with payments overseas. You can receive an Indus Forex Multi-Currency Card within 24 to 48 hours of submitting an application.
You can track your expenses
Going abroad as a student often involves budgeting. A forex card lets you load the cash prior to your trip. This helps you keep track of your expenses, and there are fewer chances of going overboard. With the Indus Forex Multi-Currency Card, you get regular updates on how much you’ve spent and how much remains in your card.
Secure transactions and easy cash withdrawals
The EMV technology employed for an Indus Forex Multi-Currency Card is superior in comparison to a magnetic strip card. The card protects you from frauds such as skimming and counterfeiting and cannot be misused during payment or purchase.
With 1.6 million ATM outlets spread across 200 countries worldwide, the Indus Forex Multi-Currency Card can be swiped at any Visa Plus ATM to withdraw cash, make a payment at a store or an online purchase. If you want to subscribe to various online courses, this can be very convenient.
Load multiple currencies
As a student, you might take a holiday or visit other countries as part of your course curriculum or exchange programs. This is where an IndusForex card could be your best ally. You can load up to 14 different currencies in a single card!
Instantly reload cash when required
The pressures of a student life are many and you may be hard-pressed for time. Be it assignments, part-time jobs, trips to libraries, or studying for an exam. But running out of cash doesn’t have to be one of them. The Indus Forex Multi-Currency Card lets you reload cash into the card in a jiffy. Simply go to the online reloading facility, choose the amount you wish to deposit, the preferred currency, and you’re all set!
Card Blocking Facility
While you can try your best to stay alert and careful, unfortunate situations like loss/misplacement of card or theft can happen to anyone. But you don’t have to worry with an Indus Forex Multi-Currency Card. Simply go online and block your card. Alternatively, just reach out to a phone banking officer, another service available 24×7 feature by IndusForex, and request the card to be blocked. Your money remains safe, and you can get a new card issued.
The Indusforex card is an attractive and must-have feature for all students planning to study abroad or attend an exchange program. Conserve all your energies towards scoring high and passing out with flying colours from your school abroad.
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.
