Planning an international getaway requires meticulous planning, especially when it is about finances. A forex card comes in handy and serves as a reliable companion, offering convenience, security and cost-effectiveness.In this guide, we will delve into how to apply for forex card and how to use a forex card or travel card for online transactions, ensuring you are well-prepared for your travels.
Why Choose a Forex Card?
A forex card is a prepaid travel card loaded with foreign currency, allowing you to make transactions abroad without the hassle of currency conversion each time. It offers benefits like locked-in exchange rates, wide acceptance and enhanced security features.
How to Apply for a Forex Card:
Applying for a forex card is a straightforward process. Here’s a step-by-step guide:
- Visit the official website and sign in: Head over to our website, Multimoney Forex (https://www.multimoney.co.in/) and log in to your account. If you are a new user, you can easily register and create an account using an email or phone number.
- Place an order for a Forex Card : After logging in from the dashboard, click on Forex Card Order.
- Fill in the form. Here, you can initiate a new order based on your requirements —whether you’re buying a new card, reloading an existing one or encashing unused currency. Provide necessary details such as location, currency, and the amount of foreign currency required, and click on submit.
- Team Will Get In Touch: After your request is submitted, a Multimoney Forex team member will contact you for further details.
Documents Required:
| Document | Requirement |
| Valid Passport | Mandatory for all applicants |
| Valid Visa | A Valid VISA needs to be provided where applicable |
| PAN Card | For identity verification |
| Travel Ticket | Need to be provided |
How to Use a Forex Card for Online Transactions:
Using a forex card for online transactions is similar to using a credit or debit card. Let’s explore the common process to use a travel card for making transactions:
- Ensure Activation
Before using your forex card online, make sure it’s activated for transactions.
- Select ‘Debit Card ‘ Option
When making a purchase, choose the ‘Debit Card ‘ payment option.
- Enter Card Details
Input your forex card number, expiry date, and CVV.
- Authentication
Complete any required authentication steps, such as entering an OTP or 3D Secure PIN.
- Transaction Completion
Once authenticated, your transaction will be processed in the loaded foreign currency.
Benefits of Using a Forex Card for Online Transactions:
- Locked-In Exchange Rates: Avoid fluctuations in currency rates.
- Security: Enhanced security features like chip and PIN protection.
- Convenience: Accepted at numerous online merchants worldwide.
- Budget Control: Preloaded amounts help manage spending.
Tips for Using Forex Cards Online:
- Enable E-Commerce Transactions: Ensure your card is activated for online use.
- Monitor Transactions: Regularly check your card statements for any unauthorized transactions.
FAQ’s
- Can I Get a Forex Card in One Day?
Yes, certain providers offer expedited services where you can receive your forex card within a day, especially if you opt for branch pickup and submit all required documents promptly.(HDFC Bank)
- How Many Days to Get a Forex Card?
Typically, it takes 2-3 working days to process and deliver a forex card. However, this can vary based on the provider and your location.
- Can I Get a Forex Card Without a Visa?
While a visa is generally required to apply for a forex card, some providers may allow you to apply with proof of visa application or other travel documents. It’s best to check with the specific provider for their requirements.
- Where Can I Get a Forex Card?
Forex cards are available through various banks and financial institutions. You can apply online or visit a branch of providers like Multimoney Forex, HDFC Bank, ICICI Bank, Axis Bank, and others.
Final Say
A forex card is an indispensable tool for international travelers, offering a secure and convenient way to manage foreign currency. By understanding how to apply for a forex card and how to use a forex card for online transactions, you can ensure a seamless financial experience during your travels.