What is a Forex Student Card?
A Forex Student Card simplifies foreign currency exchange and expenses on overseas trips. A Forex Card is an alternative to having cash or using credit/debit cards while travelling abroad. You can transfer money into this Card using your local currency, and it will be automatically converted into foreign currency at a fixed exchange rate. Forex Cards allow international students to transact online and withdraw cash from ATMs.
These cards offer added benefits such as protection from currency rate changes and insurance coverage for loss or theft. The convenience of reloading the Card as needed is also a significant advantage. Having a Forex Student Card while sightseeing in a new country means you won’t have to carry large amounts of cash. You can conveniently pay for entry tickets, transportation passes, restaurant bills, shopping, and more with a swipe or wave of your Forex Student Card.
There are two types of Forex Student Cards:
1. Multicurrency Forex Cards
Multicurrency Forex Cards allow you to load different currencies onto a single Forex/Travel Card. Load up to 14 currencies on a single card and enjoy super convenience! The Card can hold balances in multiple currencies simultaneously. This feature is handy if you are visiting various countries on your trip or going to a country that uses a different currency from your own.
Consider this scenario: You are a student travelling to two countries with different currencies. You can choose the Unimoni Travel/Forex Card as an easy way to pay for your expenses.
2. Single-currency Cards
Single-currency cards contain only one currency, making them suitable for travelling to a single country. However, you may face increased cross-currency charges and restricted use if used in a different currency.
But when you choose the Unimoni One Currency Card, you declare yourselves free from cross-currency charges, and that’s the beauty of our One Currency Card. You can load US dollars in one currency card and use it in any currency without any cross-currency charge anywhere globally. It’s the most attractive feature of the Unimoni One Currency Card compared to other single-currency cards available.
7 Fantastic benefits of the Unimoni Multicurrency Travel/Forex Card
Simplicity: Travel to multiple countries with just one Card!
When travelling across countries with cash, carrying multiple currencies in your wallet can be inconvenient and require calculations every time you pay. However, a Multicurrency Forex Card streamlines payments and makes travel hassle-free. To pay, swipe the Card like a Credit or Debit Card. It’s easy!
Cost-efficient: Spend more on valuable experiences!
If you’re travelling abroad, using a Forex Student Card instead of cash or traveller’s cheques is best. Forex cards offer better exchange rates and additional benefits, such as protection against currency fluctuations, no cross-currency charges, lower transaction fees than international credit or debit cards, etc. Additionally, Forex Student Cards may also offer exclusive discounts!
Locked-in rates: No fluctuation worries
If you choose to get foreign currency in cash, the value of the money may decrease if the forex rates change. On the other hand, a Forex Card can shield you from Forex fluctuations as the rates are fixed when you load the Card.
Safe and secure: stress-free option
Losing cash or having it stolen means it’s gone forever. However, Forex Student Cards offer a more secure option. The Unimoni Travel/Forex Card is an excellent travel companion with features that make it reliable and convenient. Features include:
Here are some ways you can use our services safely and conveniently:
- Use your EVM chip and PIN to make secure transactions at retail outlets.
- Manage the Card online. You may block/unblock channels like ATM, POS, Contactless, and e-Com and update their limits within seconds.
- Temporarily block or unblock your Card. For instance, you can block it when you’re not travelling and unblock it before your next trip.
- We also offer insurance to protect you against unauthorized transactions on your Card.
- Emergency Cash facility
Pay anywhere, anytime.
Forex Cards are more widely accepted than travellers’ cheques as they can be used at most outlets that accept Visa/MasterCard. It lets users withdraw cash from an ATM immediately with their Forex Card.
Feature-Rich Offerings!
Access exclusive benefits with the Unimoni Multicurrency Forex Card, including a 24/7 personal concierge service, discounts on various travel services, and emergency cash assistance in case of a lost card.
Long life: Fill it, forget it
Suppose you are left with foreign currency after your trip. You are then faced with two options – either pay a fee to convert it back to your home currency or hold onto it with no actual use (which can be risky due to forex fluctuations). However, with Multicurrency Forex Cards, you can use the Card for multiple trips in different countries for up to 5 years. And if you need to cash it out, the fee is cheaper than the Currency Cash Sell rate. It eliminates the hassle and expense of dealing with leftover foreign currency.
How do you get a free Forex Student Card for students studying abroad?
You have several options for Forex Cards, including Forex providers, banks, and online websites. To ensure you get the best service, conducting thorough research and understanding the features, fees, and other charges associated with each provider is essential. Fluctuations in exchange rates can also lead to additional charges on every transaction, so choosing a provider offering a card with close to zero forex markup is essential.
FOLLOW THESE STEPS:-
1. Research financial institutions: If you’re a student studying abroad, finding the best financial institutions that offer Student Forex Student Cards is a good idea. You can visit their websites or local branches to learn more about their services and fees. Unimoni is an institution that provides a student-centric solution called Study Abroad Forex Solutions, which offers all types of Forex and Travel services to students travelling abroad, including Currency, Cards, Fee Remittances, Tickets, Accommodation, and many more.
2. Compare offerings: When choosing a Multicurrency Card, it’s essential to compare the features, benefits, fees, and exchange rates various financial institutions offer. Look for cards with low or no issuance fees, annual maintenance fees, favourable rates, and convenient usage options. Remember that specific features and fees may differ from one card issuer to another. It is better to compare offerings from different providers, considering loading fees, ATM withdrawal fees, foreign transaction fees, exchange rates, and customer support.
3. Go for Student-oriented forex card providers: Consider companies or platforms that provide forex cards for students studying abroad. Explore these options, as they might have tailored offerings with reduced fees or promotional discounts. Unimoni’s Study Abroad Forex Solutions is a tailor-made offering to overseas students, including Forex Card.
4. Scholarships or sponsorships: There are times when educational institutions, government programs, or organizations offer scholarships to help cover expenses such as Forex Student Card issuance fees or initial load amount. Go for Unimoni’s Student Stars 2023 Scholarship worth 6-lakh with attractive monthly prizes! (Click here to Register: https://remitforex.com/student-stars.html )
5. Reach out to foreign exchange providers: To find the best deals for foreign exchange, it’s a good idea to contact providers in your country and ask about any special offers for students. You can get discounted rates or have specific fees waived.
6. Apply for the Card: After finding a reliable provider for a Forex Student Card, complete their application process. It requires filling out an application form, submitting required documents, and meeting financial requirements (like the initial load amount).
Unimoni offers a unique Travel/Forex Card loaded with foreign currencies by paying INR and used globally, providing the best exchange rate. This Card is an excellent choice for paying in foreign currency, especially for students studying abroad. Visit any Unimoni branch or call 1800 102 0555 for the best deal.
Get ready with all the necessary documents like ID proof, visa, air ticket, passport, and other essential documents while applying.
Please note :
Forex Student Cards offer a fixed foreign exchange rate, which means you don’t need to keep track of currency exchange rates while doing transactions constantly. However, knowing any fees associated with getting a Forex Student Card is essential. Remember that free Forex cards for students studying abroad can vary depending on the country, financial institution, and available promotions. Researching, comparing your options, and deciding based on your needs and circumstances is a good idea.
