Losing a forex card in a foreign country can be nerve-wracking, especially when you are relying on it for all your expenses. Whether you are a student, a business traveler, or a tourist, knowing how to block a lost forex card when needed is essential.
In this blog, we’ll guide you through this situation with actionable steps and reliable tips to keep your travel worry-free.
What is a Forex Card and Why Is It Important?
A forex card is a prepaid travel card that allows you to load and spend foreign currency conveniently while traveling abroad. A forex card or as it is popularly known as a travel card could be single or multi-currency.
It offers better currency exchange rates than credit or debit cards and is accepted widely at ATMs and point-of-sale terminals for transactions. But like any financial instrument, if your card is lost or stolen, it can cause panic—unless you know what to do.
But worry not, we will let you know, how you can block a forex card that is lost:
How to Block a Lost Forex Card
If your card goes missing, time is of the essence. Follow these steps immediately:
1. Contact Customer Support Immediately
Most forex card providers offer 24×7 helplines. Call them and report the card as lost.
2. Use Internet or Mobile Banking
Most providers allow you to block a forex card through:
- Mobile apps
- Net banking portals
- Chat support (where available)
3. Activate Backup Card (If Available)
Some banks issue a second backup card with the original one. You can activate it via:
- Customer care
- Net banking portal
4. Report Unauthorized Transactions
Log in to your forex account, check recent transactions, and report any that you didn’t make. This can help you recover lost funds.
How to Unblock a Forex Card
Sometimes, forex cards are blocked due to incorrect PIN entries, security concerns or exceeding transaction limits. Here’s how to unblock a forex card:
1. Understand Why It Was Blocked
Check for alerts from your bank or emails stating the reason. It might be due to:
- Exceeding swipe limits
- Suspicious transactions
- Incorrect PIN attempts
2. Call Customer Support
Reach out to your bank and request to unblock your forex card after verifying your identity.
3. Unblock via Online Banking
Some banks allow you to unblock your card directly through:
- Mobile app settings
- Net banking dashboard
4. Reset PIN (If Needed)
You might be asked to reset your PIN via secure login to reactivate the card.
5. Avoid Future Blocks
- Set alerts for transaction limits
- Avoid multiple failed PIN entries
- Inform your bank before travelling to new countries
Some Tips to Prevent Forex Card Issues Abroad
- Save helpline numbers before departure
- Enable international SMS alerts
- Keep a small amount of cash as backup
- Use secure ATMs only
Final Say
Knowing how to block a lost forex card and how to unblock a forex card can save you time, money and will keep you at peace of mind during your trip. Always stay informed about your card provider’s process and don’t wait until it’s too late to act.
Multimoney Forex is committed to helping travelers manage their money smartly across borders. For more information on safe international payments and forex solutions, get in touch with our experts.