Guide to Forex Cards for International Students

international students

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 ultimate solution to these questions lies in using a Forex Card. In this blog, we will delve into the ultimate guide on how to effectively use a Forex Card.

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 is that the transaction amount is directly deducted from your Forex Card balance. You can load it with your preferred currencies at the prevailing forex rates. Once activated, you can withdraw cash from any Visa ATM worldwide.

If you’re wondering which brand to choose for your Forex Card, consider Unipay. 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 visit our website.

Eligibility Criteria

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.

Benefits of Using a Forex Card

Money 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 Ultimate Security and Convenience

Unipay Forex Cards are designed to provide you with not only financial security but also convenience throughout your journey. Here’s why choosing Unipay is the smart choice:

  1. 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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. A Forex Card 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.

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