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Discover the Features and Benefits of IndusInd Forex Cards
Posted on Friday, June 11th, 2021 | By IndusInd Bank
So, you’re planning an overseas trip? That’s great. You better get busy finding the best deals on flight tickets and hotel bookings and crafting the perfect itinerary. Apart from the usual stuff, you also need to think about how you’ll carry money for your overseas expenses.
There are a few things you can do about this. You can carry bundles of foreign cash, a credit card, or traveller’s cheques. Or, you can just buy a forex card online at IndusForex, IndusInd Bank’s online retail forex portal, and travel smart.
Swiping your domestic credit card in a foreign land can be a pricey affair due to high currency conversion charges. A forex card, on the other hand, is easier to carry and protects you against currency fluctuations.
Have a look at how the various features and benefits of IndusInd Bank Multi-Currency Forex Card can make your trip a smooth one.
Zero Conversion Charges
A forex card is a prepaid travel card that stores money in a foreign currency. Perhaps the most important benefit of this card is protection from forex exchange volatilities. Say, you swipe your credit card for overseas payment. The bank will convert the amount into the local currency according to the current floating exchange rate, and will also levy a conversion charge.
But, as soon as you load money onto your IndusInd Bank forex card, the exchange rate is locked in at that instant. So, when you make a transaction, you don’t have to pay dynamic conversion charges. Ultimately, you save money because you bypass exchange rate fluctuations.
Carry Multiple Currencies
You can load up to 14 currencies on a single IndusInd Multi Currency Forex Card. These include the United States Dollar (USD), Canadian Dollar (CAD), Swiss Franc (CHF), Euro (EUR), Saudi Riyal (SAR), Japanese Yen (JPY), among others. Quit worrying about carrying different currencies on your global trips!
Convenience
Let’s face it. Carrying a bunch of cheques and wads of cash is not only inconvenient but also unsafe. You can buy a forex card online from IndusInd Bank instead and make payments for hotels, shopping, air fare, cabs, and at any merchant’s POS terminal at no extra charge.
Say goodbye to waiting in long queues for exchanging or purchasingcurrency. You can use your card at international ATMs to withdraw cash or makeonline payments without any hassles. Moreover, you can easily encash thebalance when you return from your trip.
Safety and Security
Your IndusInd Multi Currency Forex Card is loaded with safety features. It offers PIN protection, second-factor authentication for online purchases, unique user ID and password, etc. In addition, you’ll receive instant notifications and transaction alerts on your device. In case you lose your card, you can hot-list it immediately by contacting IndusInd Bank.
Easy Account Tracking
Stay updated on your forex card balance (in the respective currency) and transaction history through the IndusForex website. You can track your spending with periodic regular statements on-the-go through our web portal. Furthermore, you get every transaction alert on your registered email ID and mobile number to prevent any misuse.
Quick Purchase and Loading
The smartest move to manage your foreign expenses is to buy a forex card online from IndusForex. Along with a ready-to-use card kit, you also have the option to load and reload the card multiple times.
So, ready for the trip? Get your IndusInd Multi Currency Forex Card online by visiting indusforex.indusind.com. You can also visit any of IndusInd Bank’s forex-enabled branches to get one.
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.
