Multi Currency Card
The importance of Forex card is seen from the fact that most transactions have become online or through credit or debit card. A multi currency card not only ensures safety of money but also gives one a freedom of loading multiple currencies in just one card. These forex cards are pin and chip secured so one has doesn’t have tension upon misplacing this card. These cards can be preloaded with currency of your choice and used accordingly. These come with many benefits like first three ATM transactions are free.
These cards are like VISA/Mastercard cards and are acceptable wherever Visa/Mastercard services are prevalent. Thus if one goes shopping or buying anything online, these cards are convenient. Many individuals still shop while travelling and use their existing bank credit/debit card. These bank cards attract not only exchange rate fluctuation but also commission charges over and above the forex rate. Sometimes these charges are about 3-3.5%, especially on ATM withdrawals. So this Forex Card is a replacement to that and one knows the rate at which the currency has been converted. Thus there is complete transparency with respect to exchange rate conversion. This helps in saving close to 6.5-7% of the charges, since there is no commission or transaction charge.
Thus a Multi Currency Card is a convenient and hassle free mode of transacting in any shops, restaurants, taxi travel, etc. One can do their sightseeing or corporate trips without the tension of security of the physical currency notes.
Myforexeye ensures these services maintain their standard and we do timely service of these products. A total of 16 currencies are available for loading the forex card. These multiple currency cards can be used in multiple countries. Instant messages and emails on every transaction ensure that you are aware of the transaction and you know the balance amount too.