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A forex card is a safe option to carry while travelling abroad. It also protects against exchange rate fluctuations during the travel period. It is very easy to obtain a forex card and it can be bought from any authorized dealer or bank.
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HOW TO GET A FOREX CARD A forex card is a safe option to carry while travelling abroad. It also protects against exchange rate fluctuations during the travel period. It is very easy to obtain a forex card and it can be bought from any authorized dealer or bank. FORM A designated form must be filled by the traveler. This can be downloaded from the bank/dealer website or from the nearest branch. Some banks also offer for online application for Forex cards. TYPE OF CARDS A multi-currency card allows more than one currency to be loaded. A student card bundles insurance and discounts on educational material. Choose a card according to your needs. INFORMATION Personal details of the traveler, dates of travel, passport number, PAN, types of foreign currency to be loaded on the card should be filled in. The amount of forex to be loaded should be mentioned in the form. FEES A card issuance fee may be charged by the bank at the rates prescribed from time to time. DOCUMENTS The application needs to be supported by a copy of one’s passport. A copy of the air ticket may be required. A cheque or debit instruction for the amount to be loaded with the fees needs to be submitted. It takes about 4 -5 days to process and receive personalized forex cards. RELOADING THE CARD 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. POINTS TO NOTE 1. An existing bank account is not required with the bank to obtain a Forex card. 2. Banks provide online access to view statements and reload the forex card online. FOR REFERENCE: FOR REFERENCE: WWW.ENTREPRISESCANADA.CA WWW.ENTREPRISESCANADA.CA FOR REFERENCE: WWW.CURRENCYKART.COM