Loading, reloading, and unloading a multi-currency forex card for your international travel can feel confusing the first time. This guide shows you exactly how to handle it with zero confusion in simple steps.
Also Read: 10 Common Mistakes to Avoid When Using a Forex Card Abroad
How to Load Foreign Currency in a Multi-Currency Forex Card
- Select the Forex Service Provider
Place an order for a multi-currency forex card with the currencies and amount of your choice with a trusted forex service provider like ExTravelMoney.
- Upload Documents
To comply with KYC and LRS regulations, upload soft copies of the required documents, such as your passport, PAN card, travel tickets, and proof of travel purpose.
- Send the Required Amount
To load money onto a Multi-currency Forex card, transfer the required amount in Indian Rupees to the card provider. If travelling for tourism, employment, or immigration, send the money from your own bank account. For students studying abroad, funds can be transferred from your or your parents’ account.
- Collect the Forex Card
A Visa or MasterCard multi-currency forex card will be issued immediately after the money transfer.
- The Card Gets Activated
It takes approximately 4 to 5 hours to activate and load the desired foreign currencies onto the Forex card. The currency exchange rate is protected against any further fluctuations until it is unloaded.
How to Reload a Multi-Currency Forex Card with Currency
- Place the Reload Order
Contact your card provider or visit their website and request the specific currency and the amount you need to reload.
- Send the Required Amount
Transfer the amount to the card provider in Indian Rupees at the applicable exchange rate. Tourists must use their accounts, while parents send money for international students.
Students can reload their multi-currency forex card until their course ends, but those planning to immigrate or work cannot reload it.
- Currency Gets Reloaded
Your forex card will be credited with the requested amount of foreign currency within 4 to 24 hours.
How to Unload and Withdraw Money from a Multi-Currency Forex Card
- Place Order
Contact or visit your card provider’s website. In the case of ExTravelMoney, select the ‘sell forex card’ option. The card need not be submitted for unloading.
2. Foreign Currency Gets Unloaded
The excess foreign currency on your forex card will be unloaded by the card provider and credited to your bank based on the then exchange rate.
From ordering your multi-currency forex card to activating, reloading, and withdrawing funds, the entire process is simple when you know the right steps. Make it even easier by choosing a trusted platform. Try ExTravelMoney for fast and reliable forex card services with unbeatable exchange rates, online booking, and doorstep delivery.
Also Read: Is Purchase of Foreign Currency and Forex Cards Taxable in India?
Ann Mariya Job is the Associate Content Writer at ExTravelMoney.com. Holding a Bachelor’s in Journalism, she excels in creating deeply researched, engaging, and crisp content. Her work helps readers understand the complexities of foreign exchange, overseas money transfers, and international travel.