In today’s globalised world, the allure of international education draws countless students to prestigious institutions overseas. While international education is exciting, have you ever considered the financial aspects? Do you have a plan for funding your higher education, covering tuition fees, food, and other expenses? The answer to Decoding these questions lies in when one needs to understand the significance of forex cards for international students.
In this blog, we will provide the most comprehensive guide on Forex Cards and how crucial they are for students studying abroad.
What is a Forex Card?
A Forex Card, often referred to as a travel money card or prepaid card, offers convenience and ease of use. It holds foreign currency, making it ideal for settling abroad or travelling. This card can be loaded with various currencies based on your destination country. It’s particularly handy for spontaneous trips. Also, are you thinking about when it can be used? You can use it in ATMs, restaurants, buses, theatres, shopping, etc. Also, keep in mind to carry cash as it can help in shopping in small vendors where cards are least used.
How Does a Forex Card Work?
This question frequently crosses students’ minds. A Forex Card operates much like a credit/debit card for purchase transactions at establishments with electronic terminals. The key difference between forex card and a debit card is that the transaction amount is directly deducted from your Forex Card balance. You can stuff it full of your favourite currencies at standard forex rates. You can also use it at Visa ATM’s worldwide to withdraw cash when you need it.
Unipay is one of the best in Industry Forex service provider that offers forex trading services, forex cards and end to end forex services. We offer the best forex rates with zero commission or hidden charges. You’ll also have options like single-currency and multi-currency cards to simplify your stay abroad. To begin your adventure, please connect with us.
Eligibility Criteria of Forex Cards for International Students
Forex Cards are available to Indian nationals travelling abroad and foreign nationals residing in India. For more details, consult Unipay experts to get the best Forex Card in India.
Procedure to Get a Forex Card
To apply for a Forex card, submit an Application-cum-Declaration form along with a copy of your passport, tickets, and visa. You’ll need to remit an amount in Indian Rupees equivalent to the desired foreign currency amount to activate the card. Click here to know more.
Benefits of Using Forex Cards for International Students
Money cards or forex cards offer a seamless payment experience and alleviate many payment-related hassles. Key forex card benefits include:
Multi-Currency
Many Forex Cards can be used in different countries and converted into multiple currencies.
Locked-In Rates
Forex Cards provide protection against exchange rate fluctuations.
Easy And Hassle-Free Transactions
Once loaded, Forex Cards simplify transactions without worrying about exchange rates.
Easy Money Loading
If you want to know how to load money on a forex card, you can do it through your bank or by contacting the Unipay Forex team.
No Currency Conversion Worries
When you upload money into your account online using your existing account, you don’t have to bother about converting it because the bank will handle it for you! To avoid currency swings, the rates are locked once you enter the necessary amount into the Forex card account.
Why Choose Unipay Forex Cards for International Students
Unipay Forex Cards are designed to provide you with not only financial security but also convenience throughout your journey. Here’s why choosing Unipay’s forex cards for international students is the smart choice:
Chip & Pin Protection
Your Forex Card comes equipped with state-of-the-art Chip & PIN protection. This technology ensures that your funds remain secure, safeguarding them from unauthorised access and fraudulent activities during your travels.
Independence From Your Bank Account
With Unipay’s Forex Cards, you can enjoy an added layer of security as they are not directly linked to your primary bank account. This separation minimises potential risks to your personal finances, giving you peace of mind while abroad.
Instant Transaction Alerts
Stay in control and informed about your card usage with instant SMS and email alerts for every transaction. This feature ensures that you are promptly notified of any unauthorised or unusual activity on your card, allowing you to take swift action if necessary.
Customisable Transaction Limits
Take charge of your spending by setting transaction limits according to your preferences. This feature empowers you with complete control over your card, ensuring enhanced security tailored to your specific needs.
24×7 Support
Regardless of the time zone you find yourself in, our 24×7 in-app chat support is there to assist you with any account-related queries.
In Conclusion
When embarking on your journey for international education, financial planning is crucial. Forex card for international students from Unipay not only simplifies your financial transactions but also offers unparalleled security features, making it the ideal companion for your higher education abroad. With multi-currency options, locked-in rates, and hassle-free transactions, you can focus on your studies and experiences, knowing that your finances are in safe hands.
Don’t let currency concerns hold you back; choose Unipay for a seamless and secure international education experience. Contact us to know more.
