There is a saying that plastic is in and
cash is out. This stands true even when you are going on an overseas trip.
Experts are progressively recommending tourists to opt for a prepaid multi-currency
travel card while purchasing foreign currency or to sell Forex online. It is
safer and economical than purchasing currency and a good hedge against currency
fluctuations. Here are some reasons why
you should purchase a prepaid Forex card to fund your expenditures on your
foreign holiday:
- Forex cards offer better exchange rates if you sell forex
online for loading currencies than purchasing foreign currency as cash.
For banks, offering Forex cards is the cheaper alternative.
- Forex cards are loaded with foreign currency at locked-in exchange
rates. Thus, they are resistant to the fluctuation of currency value in the Forex market.
- Forex Multi-Currency Card is more secure than carrying cash as it comes empowered with chip
and pin technology for securing the money in them. In a scenario of forex card
getting lost or stolen, it can be blocked straight away and the balance in it is
frozen. The secondary forex card issued accompanied by the original can then be
activated and funds will be transferred to it.
- Forex cards can be used to carry numerous foreign currencies simultaneously
in a single card. They permit you to load up to 16 popular currencies such as
Australian Dollars (AUD), Hong Kong Dollars (HKD), Denmark Krone (DKK), Euro
(EUR), Japanese Yen (JPY), New Zealand Dollars (NZD), Omani Rial (OMR), Singapore
Dollars (SGD), Saudi Arabian Riyals (SAR), Swedish Krona (SEK), Swiss Franc
(CHF), Thai Baht (THB), United Arab Emirates Dirhams (AED), United Kingdom
Pounds (GBP) and United States Dollars (USD).
- Forex cards are globally recognized and accepted, unlike travelers’ cheque which has become an outdated payment device. Also, Forex cards can be
used to withdraw money from an ATM close by when abroad. However, encashing travelers’ cheque is great trouble as you would have to find banks or business institutions
ready to accept it. Even taxis in some nations overseas accept Forex card as a
payment method. In fact, you can even use this card for online transactions overseas,
like ordering items via e-commerce platforms in a foreign country. This is
possible since they work on either Visa or MasterCard network just like regular
debit and credit cards.
- Forex cards are tremendously convenient and manageable for overseas
trip.
Here is some Covid-19 Advisory by IndusIBank:
https://oldweb.indusind.com/content/home/COVID-19-advisory.html
Here is some Covid-19 Advisory by IndusIBank:
https://oldweb.indusind.com/content/home/COVID-19-advisory.html
