Who doesn’t dream of travelling abroad? While some do it for pleasure, others are always on the go because their profession demands them to be flying across continents and countries. Of late, traveling has become a way of life for many. Globe-trotting is an interesting passion and some people follow it with all their heart. Travelling, to be precise, has been sited to be one of the most fulfilling hobbies under the sun. However, to enjoy a good vacation, it is important to plan ahead. Even corporates like to plan ahead in case they want to send their employees overseas for various projects. Planning includes both logistical as well as financial planning.
Just like a good itinerary can make or break a holiday, financial woes can dampen one’s mood while on a break. It is always advisable to keep one’s finances in place before planning a trip abroad. With the evolution of the economy, bank and other financial institutions have been working overtime to make travelling hassle-free for their customers. It is for the same purpose that multi-currency forex cards were designed. Loaded with benefits and features, these cards make it easier for the travellers to hop across the world without having to worry about carrying cash.
Standard Chartered, one of the most reputed names in the world of banking, offer the Standard Chartered Multi-Currency Forex Card. This card provides a unique financial freedom to the cardholders. It can not only be loaded with 20 different kinds of currencies but its contactless feature makes it one of the safest ways to carry money across the globe. Let’s take a detailed look at the Standard Chartered Multi-Currency Forex Card.
The Standard Chartered Multi-Currency Forex Card comes loaded with exciting benefits and features. Listed below are some of them:
|Charges according to the currency||Balance enquiry (In respective currency)||ATM cash withdrawal (In respective currency)|
|USD (US Dollars)||0.50||2.00|
|AUD (Australian Dollars)||0.65||2.50|
|GBP (Sterling Pound)||0.50||1.25|
|CAD (Canadian Dollars)||0.65||2.50|
|AED (UAE Dirhams)||2.00||7.25|
|BHD (Bahraini Dinar)||0.20||0.75|
|CHF (Swiss Franc)||0.70||2.50|
|ZAR (South African Rand)||6.00||25.00|
|THB (Thai Baht)||16.00||80.00|
|DKK (Danish Krone)||4.00||14.00|
|SGD (Singapore Dollar)||1.00||3.25|
|SEK (Swedish Krona)||4.00||15.00|
|HKD (Hong Kong Dollar)||4.00||16.00|
|QAR (Qatari Rial)||1.80||7.50|
|JPY (Japanese Yen)||65.00||250.00|
|KWD (Kuwaiti Dinar)||0.15||0.75|
|OMR (Omani Rial)||0.25||0.70|
|NOK (Norwegian Krone)||3.25||12.50|
|NZD (New Zealand Dollar)||1.00||3.25|
|Charges||Premium, Priority and Private Banking Segments||Personal Banking Segment|
|Replacement for expired card||Free||Rs.199|
|Replacement for lost or stolen card||Rs.349||Rs.349|
|Cross currency mark-up||3.50%||3.50%|
|For every 12 months of inactivity||USD5||USD5|
|SMS number for India||Free||Free|
|SMS international number each quarter||USD1||USD1|
The only eligibility criteria to get a Standard Chartered Multi-Currency Forex Card is that the applicant needs to be a citizen of India.
To procure the Standard Chartered Multi-Currency Forex Card, an applicant needs to furnish the documents listed below:
The welcome kit sent by the Standard Chartered Bank has two cards in it because one of them is the primary card whereas the other is a backup card. So, in case of loss or damage of the primary card, you can immediately start using the backup card after hotlisting the previous one.
Standard Chartered Multi-Currency Forex Card can be procured from 100 different branches of the bank that are spread across the country. You can also call the bank in order to apply for the same.
You cannot reload the card by issuing cheques. However, you can reload it using your Standard Chartered savings account.
Yes, you can block the card temporarily using the customer portal or by calling the customer care portal. The card can be unblocked later using the same processes.
You can retain the card provided the balance remaining in the card is less than USD2,000. Otherwise, this amount should be refunded within 180 days from the date of arrival in India. This rule is accordance to the RBI guidelines.