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Why opt for Multi-Currency Forex Card?
Posted on Monday, November 8th, 2021 | By IndusInd Bank
A forex card is the most convenient way of carrying money with you on your international trips. It allows you to make digital payments on-the-go without worrying about travelling with wads of cash. Indeed, it is the preferred payment mode for countless travellers today!
But what if your itinerary takes you across many countries in a single trip? Do you need a new card each time you cross a border? Certainly not! You can opt for a multi-currency forex card instead.
Multi-currency forex cards are widely accepted all across the globe. They are flexible to use, easy to load, and you can withdraw your remaining balance when you get back to India. Read this article to learn why you should opt for multi-currency cards.
What is a Multi-currency Forex Card?
Unlike single-currency cards, multi-currency cards can hold more than one currency. You can load them at once with all the currencies of the countries you plan to visit. You can use the same card to make transactions anywhere you want.
You can use IndusInd Bank’s multi-currency card with the following currencies:
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- EURO (EUR)
- Great Britain Pound (GBP)
- Singapore Dollar (SGD)
- Saudi Arabian Riyal (SAR)
- UAE Dirham (AED)
- US Dollar (USD)
- Hong Kong Dollar (HKD)
- Japanese Yen (JPY)
- New Zealand Dollar (NZD)
- Swiss Franc (CHF)
- Thai Baht (THB)
- South African Rand ZAR
Let us now look at the benefits of a multi-currency forex card.
Easy to Use
Multi-currency cards are simple to use, just like regular debit cards. All you have to do is load the card with your desired amount, which can be up to an equivalent of 2.5 lakh USD, as per RBI guidelines. You can use it at any point of sale (PoS) or ATM or perform online transactions in foreign currency.
Different currencies in a multi-currency forex cardare reflected in separate currency wallets. If you are short on local currency, you can use the authorization order to debit from a different currency wallet. In simple words, if your balance for a local currency is low, you can use another currency wallet with sufficient funds to pay for that transaction.
Cost-effective
Kiosks at airports and hotels charge high currency exchange rates. So, if you want to cover multiple countries during a single trip, you might end up paying a lot! Instead, choose a multi-currency forex card. It is cost-effective because your foreign exchange rate remains unchanged after loading the card, protecting you from currency fluctuations.
Multi-purpose
You can make payments through IndusInd Bank’s multi-currency forex card for various purposes. Whether going on a holiday or moving abroad to pursue overseas education, we have got you covered. You can also apply for a card when you go abroad for a medical procedure or get an overseas job.
Secure
IndusInd Bank’s forex cards are enabled with EMV chips and are secure against card skimming and counterfeit, unlike only magnetic-strip cards. What’s more, we also send you instant SMS & email alerts every time you make a transaction in any location. If you notice any suspicious transactions, you can call our 24X7 customer service helpline, and we will block your card instantly.
In Conclusion
With IndusInd Bank’s multi-currency card, the world is your oyster. No matter where you go, you will have a hassle-free way to manage your money, make payments, and enjoy your trip. To buy a forex card online, all you have to do is visit our IndusForex website. The process is free paperwork, and you only need to fill an online application and submit details for KYC Checks. And voila! Your card will be delivered to you in just a few days.
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.
