Categories
Forex Trading

Axis Bank Multi-Currency Forex Card Features, Benefits and Charges

forex axis
forex axis

03 Keep track of forex rates With Forex Axis, you can view currency pair trends over time in clean and easy to read graphs. 04 Convert currency Convert one currency to another using the latest live exchange rates. The foreign currency loaded on the card will be at the present day’s exchange rate.

Complete Guide to Open a Current Account – Axis Bank

Complete Guide to Open a Current Account.

Posted: Fri, 20 Jan 2023 08:00:00 GMT [source]

The Wise Travel Card is ideal for purchasing goods online from other countries, and it charges no transaction fees. Forex cards are an excellent replacement for credit or debit cards or cash. Providing more benefits, offers, and privileges without any inconvenience and hassles make it a better choice for people.

So this time I decided to use Book my forex services and it was flawless. I would recommend Book my forex for fees transfers to foreign universities and all forex requirements. Axis Bank Presents FxConnect , an easy to access and user friendly mobile based forex dealing platform for corporate customers. Customers can now view online streaming rates and book forex deals with Axis bank from the comfort of their Mobile. In the next step, you will be required to enter the amount that you want to transfer from your forex card to your bank account. Card widely accepted at all retail outlets and online stores accepting Visa/MasterCard credit/debit cards.

Keep checking the available balance on your forex card after every purchase you make. Forex cards generally come with a very low or no forex markup fee. And the best part is that you don’t need to leave your house to sign up or to send money. You can open https://forexarena.net/ a free Wise account right from your living room, and start sending money with Wise’s award winning app. This article covers the most important aspects of a forex quote that all traders must know – including top tips on how to read a currency pair.

Therefore, it becomes important to check and verify such charges from the issuer before purchasing a Forex card. Yes, Axis Bank Multi-Currency Forex Card is accepted for international transactions at all online stores that accept Visa/MasterCard credit/debit cards. Yes, the Forex Cards are totally worth it for international travels as these cards make it convenient for you to make transactions and withdraw cash in different currencies without any additional charges. The Forex Cards don’t charge a high foreign currency markup fee like that charged by credit and debit cards.

Multi-Currency Forex cards bought through BookMyForex will be charged minimal fees while doing withdrawals at an ATM. Using your credit/ debit cards abroad could cost you another 3% for ATM withdrawal charges on top of the 3.5% that you anyway have to pay in cross currency charges. Effectively you could save as much as 6.5% – 7% when using your Multicurrency forex cards at ATMs.

I had heard of Book my forex through a friend of mine in 2019 when my daughter took admission in York University Toronto Canada. But I was a little reluctant back then to use the services from an unknown company. Came lockdown 2020 and I was in a complete mess as I had to deposit daughters tuition fees again and was reluctant to go to any of the banks in person.

Axis Bank World Traveller Forex Card

Therefore, it is almost always a good idea to carry a forex card on foreign trips and use the same for foreign currency transactions. State Bank Multi-Currency Foreign Travel Card is a prepaid forex card by the State Bank of India. There is no annual membership fee applicable on the card, however, an initial issuance fee of Rs. 100 is chargeable at the time of issuance. The issuance fee of the SBI Multi-Currency Foreign Travel Card is the least amongst all the forex cards presently offered in India. A forex card is one of the most convenient and safe ways to carry cash and exchange money for your travels abroad.

Axis Bank World Traveller Forex Card is another prepaid travel card by Axis Bank in collaboration with Germany-based Lufthansa airlines. A forex card is a prepaid travel card that you can preload with the foreign currency of your choice before embarking on your trip. A forex card can be used to pay for shopping and lodging expenses or to get cash from an ATM in your travel destination’s local currency. And if you are in one of the qualifying countries, you can get the Wise Multi Currency Debit Mastercard. It is a multi-currency account that lets you hold more than 45 currencies and has the same low fee that you know from Wise.

forex axis

The card comes with an initial issuance fee of Rs. 499 , while no annual fee is applicable on the card. The most important factor to consider when getting a forex card is its security features. Magnetic-stripe cards are vulnerable to card skimming, which allows hackers to clone and abuse them. The chip’s encryptions prevent attackers from using data-reading devices and technology to obtain your card information. The process to get a forex card in India is very easy and convenient.

With BookMyForex multi-currency card, you can load as many as 14 currencies in this card. It’s perfect for people who travel to multiple countries and need different currencies. Then, there are also co-branded forex cards like Axis Bank Club Vistara Forex Card, Goibibo ICICI Forex Card, MakeMyTrip HDFC ForexPlus Card, etc. You must find the right forex card that suits your needs the best.

Axis Bank Multi-Currency Forex Card – Eligibility and Documents Required

Since it is a prepaid card , you need not submit any proof of income to the bank for the Axis Bank Multi-Currency Forex Card. Although no annual fee is applicable on the card, you however do have to pay an initial fee of Rs. 300 at the time of issuance of the card. No interest is charged on forex cards as the cardholders don’t own anyone else’s money but load their cards by themselves. Coral Prepaid Forex Card is another prepaid forex card by ICICI Bank. The card comes with an initial joining fee of Rs. 499 , however, an annual fee of Rs. 299 is applicable second year onwards. Goibibo ICICI Forex Prepaid Card, as is obvious from the name, is a co-branded forex card by ICICI Bank launched in collaboration with the travel portal Goibibo.

Axis Bank ACE Credit Card Review – Forbes Advisor INDIA – Forbes

Axis Bank ACE Credit Card Review – Forbes Advisor INDIA.

Posted: Wed, 24 Aug 2022 07:00:00 GMT [source]

The payment of purchases in retail stores, hotels, restaurants, or any other place becomes easy when you are traveling. I have been using BookMyForex for the last 2 years, I always get the best rates for my forex card, Remittance & Currency exchange. They have given the most prompt service and their rates are very low as compared to other forex companies & banks.

Money for here, there and everywhere

So when you get a rate weaker than the mid-market exchange rate from a card company, you are getting hit with a hidden fee in the difference. The difference may seem small but it can actually make a dent in your wallet when you convert currencies frequently. 02 All your contacts in one place Forex Axis lists rates from over 100 banks and forex bureaus so you can compare their information, calculate their location from you and contact them directly in-app.

ATM/ POS Pin is provided in the travel card kit and can be regenerated in case lost online through a customer care number. A forex card is a foreign exchange prepaid credit card which can be loaded with the currency of the country you are visiting. The Axis Bank forex cards are a popular choice in the market as they are used to load numerous currencies and are widely accepted. Whether you are traveling abroad for a holiday, official purpose or an emergency, this card will make your trip easier. Axis bank offers a variety of forex cards to cater to the needs of different types of travellers.

Ability to Reload Online

The account is held at Axis bank and you receive a Visa/Mastercard that is both chip and swipe enabled to use globally. Each currency is considered its own wallet which you can load and use. It is considered one of the most beneficial foreign exchange cards of India, being cost-efficient and secure.

  • Multi-Currency Forex cards bought through BookMyForex will be charged minimal fees while doing withdrawals at an ATM.
  • State Bank Multi-Currency Foreign Travel Card is a prepaid forex card by the State Bank of India.
  • Spends in the currency loaded on the card do not attract any foreign currency mark-up fee.
  • Axis bank offers a foreign exchange card that lets you hold and spend 16 different foreign currencies from a single account.

Our regular bank, made my father visit twice personally for the remittance of my college fees, without any success. However, I discovered BookMyForex which proved to be much easy, homely comfortable, axes broker hassle-free, dedicated resolutions and prompt process. Above all, the best rates and immediate prompts for every step in the process of remittance, so that you know the status in real-time.

ICICI Bank Coral Prepaid Forex Card

Forex cards are one of the best options for spending your money wisely when you travel abroad. These cards are safe and serve as a less expensive replacement for your cash. It will also help you with reasonable exchange rates if you use a forex card with foreign currencies loaded in it. Even if the forex market rates keep increasing or decreasing, the rate of the funds you have loaded in your forex card remains the same.

You can retain your balance to use later, or just convert it to another currency and use it for your next trip abroad. Not to forget, you can also use it shop at all Duty Free Stores in International airports across India.

Leave a Reply

Your email address will not be published.