When you travel overseas, lack of financial planning can play spoilsport. Being aware of your needs and arming yourself with safe forex will leave ease your woes so that you can concentrate on the more pressing issues during your travel.
Although there are many options to carry forex with you, the prepaid travel forex card is undoubtedly the most convenient. Also, called an international travel currency card, it works like a credit card with many benefits. The card is secure, hassle-free, and is the most economical forex choice.
It is acceptable for paying hotel bills, shopping (both at Merchant’s location & Online sites) or even ATM withdrawal. Coupled with instant SMS alerts and online locking/unlocking, the card ensures that your forex is secure at all times.
For people who travel to many countries, a new avatar of the forex card – multi-currency world travel card is ideal. You can bundle multiple currencies onto a single card, and it automatically selects the correct currency when you swipe it. There are no extra conversion charges when you have loaded the multi-currency world travel card with each currency.
Forex card vs. Traveler Cheques/Currency NotesThe forex card gives you access to ready money at all times, unlike cash or TC’s that are subject to availability. Prepaid cards can be bought at rates lower than those for Cash/TC’s. They are also more secure, since they are chip-based and have a PIN as well.
You need not re-purchase forex card each time you travel because a single international travel currency card is valid for up to 5 years! Easy top-up via reloading facility makes the card ideal for both students and travelers.
Cover Against MishapFor any God-forbidden mishap while travelling, the prepaid travel forex card could your saviour. You can withdraw emergency cash against the card, which is not possible with other traditional modes of forex. It comes with additional insurance for misplacement or theft of the card. Global 24*7 customer assistance ensures that you are never stranded in a strange land!
Best place to PurchaseYou can spend precious hours visiting various banks offering the international travel currency card or the flexible multi-currency world travel card, compare their products? or you can sit at home and visit marketplace online! We are a one-stop shop that allows you to buy cards offered by various banks such as Axis Bank, ICICI Bank, American Express and HDFC Bank.
You can get the best deals at online marketplace i.e. live market-fed rates, viz.a.viz. flat daily rates offered by banks and other currency exchangers. You can even freeze the rate that you deem suitable and cushion yourself from currency fluctuation. They offer you Best Rate Guarantee on Travel Card rates.
You need not pay any fee for either issuance or reload, the first time and each time. Easy reload facility from your loved ones back home ensures that your cash keeps flowing at all times.
Columnist
Mr.Sudarshan Motwani, CEO & Co-founder BookMyForex is widely regarded as a pioneer in the foreign exchange space in India, he has introduced several new products and delivery channel innovations throughout his illustrious banking career of over 30 years. He first introduced travel-related foreign exchange services as a new vertical in Bank of Punjab. Foreign exchange services subsequently went on to become Bank of Punjab's most profitable business line and Successfully introduced and headed the same vertical at Centurion Bank of Punjab, HDFC Bank Ltd and ING Vysya bank. He also launched the world's first multi-currency pre-paid forex card in collaboration with VISA at ING Vysya, laying the foundation forIndia’s first ever marketplace for currency exchange and international remittances
