What is a multi-currency forex card?
A forex card is a prepaid credit card that can be pre-loaded with foreign currency. These come typically handy when you’re travelling abroad for work or leisure as it does away with the need to carry physical money. You can swipe these cards or use them at ATMs to withdraw cash at your destination.
Do you know that you can load a multi-currency forex card with different currencies? So, suppose you plan to hop from one country to another or use them to transact for work at various destinations. In that case, a multi-currency forex card removes the hassle of getting money exchanged in other countries or carrying multiple single-currency cards. You can load a multi-currency forex card with up to 16 foreign currencies.
What are some of the features and benefits of a multi-currency forex card?
How to apply for a multi-currency forex card?
The procedure for applying for a forex card is the same as that of a standard card. You may contact the financial institution via which you want to issue the card, but be sure to check out the different features and benefits offered by various providers. You will also have to submit the following documents to avail of the card:
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