What is the benefits of forex card?
A Forex Card allows the holder to store and transfer money electronically when travelling abroad. It is used for making payments or purchases abroad. Forex Cards are also used to withdraw foreign currency loaded into it from ATMs abroad.
What are the charges for forex card?
HDFC Bank Forex Cards Rates and Charges
| Fee/Charge Type | Regalia ForexPlus | ISIC Student ForexPlus |
|---|---|---|
| Card issuance fee | Rs.1,000 plus taxes | Rs.300 plus taxes |
| Reload Fee | Rs.75 plus taxes | Rs.75 plus taxes |
| Re-issuance of Card Fee | Rs.100 plus taxes | Rs.100 plus taxes |
Are forex cards safe?
With a card like the HDFC Bank Regalia ForexPlus Card, you can spend on your travels across the world with a single card without paying any cross-currency charges. A forex card has many benefits it is safer – you can block it if you lose it, and you also get insurance bundled with the card.
How can I use a Forex card abroad?
You can use a forex card just like a credit or debit card to pay for your expenses in a local currency abroad. You can withdraw local cash from an ATM.
What are the advantages of using a Forex card?
Forex cards have many advantages over cash, traveller’s cheque, credit and debit cards ; Forex Cards offer better exchange rates for loading currencies than buying foreign currency as cash. For banks providing Forex Cards is the cheaper option.
How long does it take to generate a Forex card?
Click on generate card, your card will be dellivered in 3–4 working days. A forex card (Nine two Nine forex) is your best friend on your travels abroad. It is the easiest way to carry foreign currency and pay for expenses on your overseas trips.
What are the different types of Forex cards?
Forex cards are mostly categorized into two types. One is called single currency cards and the other one is known as multi currency cards. Let us get into more details for greater understanding of both types of cards: Single Currency Forex Card: In this card, you can load one foreign currency.