Quick Answer: How Do I Deposit Money Into My Forex Card?

Can I transfer money from forex card to bank account online?

Even though you can check your forex card balance online, but you can’t transfer funds from your forex card to your bank account.

Most forex cards levy a fee per ATM withdrawal abroad, there is also a limit to your daily withdrawal..

What is multi currency forex card?

Another option is forex cards, which can be used for all electronic transactions and even ATM withdrawals. … These are prepaid cards that enable you to transact in a local currency without the risk of currency rate fluctuation.

Which bank forex card is best?

Below are some of the best forex cards in India that you might want to have a look at. YES Bank Multi-Currency Travel Card. Axis Bank Multi-Currency Forex Card. MakeMyTrip HDFC Bank ForexPlus Card. ICICI Bank Travel Card. HDFC Regalia ForexPlus Card.More items…

Which is better forex or credit card?

In the case of forex cards, the foreign exchange conversion rate is locked as soon as you load the money in to it. However, in the case of a credit card, the rates are applied at the time of the transaction, i.e., when you swipe your card. … A forex card gives customers protection from future currency rate fluctuations.

Can we transfer money to forex card?

You can get leftover funds for your next trip or transfer it back to your bank account. Here are some ways for how to transfer money to your Forex card and let’s take a look. For example: HDFC Bank. People can transfer the money from your Forex card t your bank account through calling the Phone Banking.

Can we transfer money from forex card to Indian bank account?

You can never transfer money from a Forex card account in any bank. You can either withdraw money using the PIN number (anywhere apart from India, Nepal & Bhutan) and also make ad-hoc online purchases(anywhere apart from India, Nepal & Bhutan) using a HDFC bank Forex card. Hope this helps.

What is the use of forex card?

A forex card is a type of prepaid card in which you can load money in foreign currency. It is globally accepted, and you can either pay for your expenses using your forex card or withdraw cash in foreign currency at an ATM. Forex cards are largely divided into two types – single currency cards and multicurrency cards.

Is it better to carry cash or forex card?

Prepaid forex cards have better exchange rates than cash. Therefore, you can buy more foreign currency in a prepaid forex card than as cash, with the same amount of money. Cash has higher conversion rates and may vary from one dealer to the next. Prepaid forex cards are a safer option opposite to carrying cash around.

Can you deposit money into bank account from prepaid card?

Yes, you can transfer money from most prepaid gift cards to your bank account using a service called CardCash. Unlike most prepaid cards, gift cards are disposable and can only be used until the balance reaches zero while most prepaid cards are reloadable and can be used indefinitely.