Forex & Money Transfers.. Extra simple, extra savings

Here is how you can buy a forex card online in India.

• Go to the link ExTravelMoney - Forex Card and select the foreign currency and its amount you want to load in the card.
• Enter your location. You’ll be shown a list of forex stores near you along with their exchange rate. Select the one offering the best exchange rate.
• Enter your phone number and email address, so that we can verify your order via OTP.
• Once your order is confirmed, you’ll receive the forex store details like their bank account information and store address. Using this information, the payment can be made through online banking or as cash by directly going to the store.

Once payment is made, you can pick up the forex card from the store or it’ll be delivered to your address if you have chosen door delivery option.

Forex cards have some advantages over cash

• Forex cards have better exchange rates compared to cash. For the same amount of money, you can buy more foreign currency in forex card than as foreign currency in hand.
• Forex cards are safer compared to cash. Nowadays forex cards come enabled with chip and pin technology and hence provide more safety features. Cash is only safe as we keep it. It’s entirely dependent on how safely we handle it. Plus, travellers carrying an excess of cash in their wallets are very easy targets for thieves abroad.
• In case of theft or loss of your forex card, you can have the card blocked and also transfer the funds to your new replacement card. This replacement card is usually given as a backup along with your forex card kit. In case of theft of cash, there is no protection for your stolen money. It’s as good as gone. This is one of the biggest disadvantages of cash.
• When you are travelling to many countries, forex cards allow you to load multiple currencies in them. When you are abroad and transacting with your forex card, it automatically detects which country you are in and pays using the preloaded local currency. Whereas, to carry different currencies as cash and making sure they don’t mix up and to pick out the correct currency, is a big hassle. That is something travellers can do without.

Usually, at ExTravelMoney, if you order a forex card anywhere between 10:30 am and 2:30 pm on any given day, you’ll be able to get the forex card before 5:30 pm on the same day.

Depending on whether you have chosen door delivery of forex card option or not, the card will be delivered to your address or you’ll be able to pick up directly from the chosen forex store in your town or city.

Forex cards offer a wide variety of benefits for travellers and students going abroad ;

• Forex Cards offer better exchange rates for loading currencies than buying foreign currency as cash.
• Forex Cards are loaded with foreign currency at locked-in exchange rates. Thus they are immune to the fluctuation of currency value in the forex market.
• Forex cards are more secure than carrying cash as they come enabled with chip and pin technology for safeguarding the money in them.
• Forex Cards can be used to carry multiple foreign currencies at the same time in a single card.
• Forex Cards have no additional charges when swiping at PoS counters abroad, unlike Debit and Credit Cards.
• Forex Cards have no Dynamic Currency Conversion Fee when used abroad since they are already loaded with the local currency of that foreign country.
• Forex Cards are universally recognized and accepted, unlike Traveller’s Cheque which has become an outdated payment instrument.

You can easily transfer money from your forex card to your Indian bank account. Simply head to your bank branch, request transfer of funds from your forex card to bank account.

If you have a different forex card which is not of your bank’s then what you can do is encash the funds in your forex card by approaching the bank/forex vendor from whom you bought the card. Once you encash the foreign currency in the card and get back equivalent Indian rupee, you can deposit that amount in your bank account.

However, if you are abroad, say in the US and have a forex card loaded with US dollars, then you can directly transfer the money in the card to your local bank account in the US for a small fee. All you would need is to approach your local bank in the US with ;

• Your forex card
• Local bank card (debit) or account information
• Passport

These are the ways you can transfer money from your forex card to your bank account.

Forex cards cannot be used in India at ATMs or for swiping at PoS counters. They have a specific purpose, which is for use abroad. However, you may be able to use forex cards in India for online payments that have to be paid in foreign currencies.

Also, they cannot be used in Nepal and Bhutan.

Withdrawing money from a forex card is very easy. It’s just like the way you withdraw money from your debit card.

When you are abroad, go to an ATM, swipe your card there, enter the amount of currency you want to withdraw, and collect the money from the ATM machine.

When you are in India and want to withdraw money from your forex card, go to the vendor who issued the card and encash the funds in your card. You’ll receive the equivalent Indian rupee back.

When you are buying a forex card from us, reloading it is very easy. Simply visit ExTravelMoney’s online portal and select the reload forex card option to complete the entire procedure online, even when you are in the midst of your travels abroad.

If you are in India and want to reload your forex card, you also have the additional option of reloading the forex card by directly going to the vendor store from where you purchased the card.

Yes, forex cards can be used for online transactions where the payment has to be made in foreign currency. The card does not function in India at ATMs, PoS counters, or in Indian e-commerce websites where the payment has to be made in Indian rupees.