A Forex or International travel card is a pre-loaded card that allows you to access money in foreign currency. International Travel Card can be loaded with multiple foreign currencies to be used in different countries. Some let you load up to 15 currencies. Now It allows you to withdraw cash in foreign currency, check your balance and pay for shopping in foreign currency. In other words, it is a type of card that is specifically designed keeping in mind the needs of a traveler.
How Does A Forex Card Work?
At the time of purchasing a Prepaid Forex Card from a bank or Authorized Dealer-2, the card is loaded with funds. We can use this card like any debit card, secured with a pin at any access point for making payments and withdrawals at foreign locations. Your forex card can be loaded with up to 9 different currencies. You can also activate six currency wallets from a list of ten currencies you’ve loaded and transact with those currencies. The following is a list of the currencies that we accept:
1. The United States Dollar (USD)
2. Euro (EUR)
3. Pound Sterling (GBP)
4. The Australian Dollar (AUD)
5. The Canadian Dollar (CAD)
6. Thai Baht (THB)
7. Singapore Dollar (SGD)
8. United Arab Emirates Dirham (AED)
9. The Swiss Franc (CHF)
Main Features of an International Travel Card:
Finally international Travel Card is the smartest replacement for cash in this hectic world. Find out more about what’s best in multi-currency travel cards Now:
- Instantaneous, best-in-class Money transfer from one wallet to another
- Competitive exchange rates
- Locking in a currency rate
- Fill your card with multiple currencies.
- Card with a chip and PIN for added protection
- At retail shops, tap and pay to check out faster.
- If your card is lost or stolen, you can get emergency cash or cash from another country.
- Enjoy free ATM transactions at any 55000+ ATMs in the All-Point ATM network.
- Through the MasterCard Lounge Key Program, you can access over 800 airport lounges.
What are the requirements for obtaining a multicurrency travel card?
- A2 Form/LRS Application
- Form for loading and reloading.
- Passport, airline ticket, and visa copies
- PAN (Personal Identification Number) card
- Proof of the sender’s identity.
Why A Forex Card Is Your Best Travel Companion Abroad?
Most Travel cards have Customer-centric features like instant loading, emergency cash disbursement, free replacement if the card is stolen or lost, 24×7 global emergency assistance available via toll-free access, etc. Also, we can manage this card online. But there will be a daily limit set for ATM withdrawals, Online/ POS usage, etc., as per internal guidelines of the service provider.
Get to know more about the best International Travel Cards:
- Currency Carrying Limits: The maximum amount one can carry in the form of currency notes is restricted to USD 3000 or its equivalent thereof per person/ visit. (Exceptions allowed to those who are traveling to Russian Federation, Republics of Commonwealth of Independent States…). So one can rely on travel cards if more money needs to be carried.
- Risks Involved in Carrying Liquid Cash: Moving abroad with liquid cash is as risky as it makes you prone to mishaps and pickpockets. Travel Cards lets you travel freely without the worry of pickpockets and robbers.
- Combat foreign currency rate fluctuations: Foreign Exchange rates are locked once the currency is loaded; hence currency rate fluctuation would not affect the current market rate.
- 24/7 Usage: The international travel card can be used 24/7 throughout the year to access cash withdrawals or make payments through PoS or swiping simultaneously.
Conclusion
The permissible card loading limit per person per financial year is $ 250,000 or the equivalent amount in Indian Rupees under the Liberalized Remittance Scheme (LRS). The most important and mandatory documents are a valid Government ID with photo and address, PAN Card simultaneously.
Firstly on your international travel, Unimoni India highly recommends you carry a multi-currency or single currency forex card, according to your travel itinerary. International Travel Card is a more accessible and wiser way to manage your money if you are a student abroad. It takes care of all the matters associated with foreign exchange and rate fluctuations, leaving you free to focus on your studies and other essential things.
Unimoni India is an Authorized Dealer-2 for selling International Travel Card /Multi-currency card in India with a good number of branch networks. Unimoni India is the first Company to get an Authorized Dealer-2 license and specialize in Travel card & Sending Money Abroad service. It offers the best rates for all card loading, reloading, and its service charges are very minimum.
