Quick Answer: Which Bank Is Best For Forex Card?

Can I withdraw cash from forex?

Yes, you can withdraw cash from any VISA/VISA Plus/MasterCard ATMs worldwide.

However, if you have to change the PIN of your Forex card, you can do that only in an Axis Bank ATM in India.

Your Card will work fine at any shop or restaurant or a hotel that accepts cards of Visa/Visa Plus or MasterCard..

What are the charges for HDFC forex card?

HDFC Bank Forex Cards Rates and ChargesFee/Charge TypeRegalia ForexPlusMakeMyTrip HDFC Bank ForexPlusCard issuance feeRs.1,000 plus taxesRs.500 plus taxesReload FeeRs.75 plus taxesRs.75 plus taxesRe-issuance of Card FeeRs.100 plus taxesRs.100 plus taxes

Is forex card a debit card?

It is a prepaid card which you can load with a specified amount in a foreign currency. So, when you are travelling overseas, you can swipe this forex card to pay for your expenses, instead of carrying cash around. It works as a debit card. You can also withdraw cash with your forex card from an ATM.

Which bank forex card is best for students?

HDFC Bank Forex CardsMulticurrency ForexPlus Card. Main Feature. The HDFC Multicurrency ForexPlus Cards lets you carry 22 different currencies in one single card. … ISIC Student ForexPlus Card. Main Feature. Specially made for students. … Regalia ForexPlus Card. Main Feature.

Are forex cards worth it?

A prepaid forex card is another option you can consider. “These are the safest option (compared to cash) since they are enabled with PIN protection, can be swiped for all sorts of transactions and are attractive in terms of pricing,” says Anand Tandon, CEO & Founder, Myforexeye.com.

What are benefits of forex card?

A forex card comes with several benefits. It’s the cheapest way of carrying and paying in foreign currency internationally; it’s safer than cash; cheaper than other cards and convenient as credit or debit cards; you can use it for multiple trips; and you get to enjoy special privileges and discounts wherever you go.

How many days will it take to get forex card?

4 -5 daysIt takes about 4 -5 days to process and receive personalised forex cards. The card can be reloaded with additional forex by filling up a reload form and submitting a cheque or a debit instruction for the required amount. 1. An existing bank account is not required with the bank to obtain a forex card.

Can I transfer money from forex card to bank account?

Even though you can check your forex card balance online, but you can’t transfer funds from your forex card to your bank account. Most forex cards levy a fee per ATM withdrawal abroad, there is also a limit to your daily withdrawal.

Which is better forex card or cash?

Prepaid forex cards have better exchange rates than cash. Therefore, you can buy more foreign currency in a prepaid forex card than as cash, with the same amount of money. Cash has higher conversion rates and may vary from one dealer to the next. Prepaid forex cards are a safer option opposite to carrying cash around.

Which forex card is better Axis or HDFC?

For instance, HDFC Bank Multicurrency Platinum Forex-Plus Chip card charges an issuance fee of Rs 500 per card, while Axis bank charges Rs 150. On the other hand, the card reload fee for an Axis Bank card is Rs 100 and cross-currency charge is 3.5%. HDFC has lower reload fee and cross-currency charges of Rs 75 and 3%.

Does SBI issue forex card?

SBI, one of the most trusted banks in the country, has two forex cards to offer to its customers. These cards have been designed to help the cardholders travel without having to worry about finances.

What is the validity of forex card?

5 yearsWhat is the validity of the card? The Forex Card is valid for a period of 5 years.