How To Activate a Forex Card
What is Forex Card?
Think of a forex card as a prepaid travel card that you can load with a foreign currency of your choice. You can use a forex card just like a credit or debit card to pay for your expenses in a local currency abroad. You can withdraw local cash from an ATM.
How To Activate a Forex Card
Locate the 16-digit card number and the 4-digit PIN enclosed with the card. Visit the HDFC Bank website or mobile app to initiate the activation process. Enter the card details, including the card number, PIN, and any additional information as required.
Frequently Asked Questions
How do I use my forex card for the first time?
How to use Forex Card in 6 ways
- Load it like a Prepaid Card.
- Swipe and pay or tap and pay.
- Pay for online transactions.
- Draw cash from ATMs.
- Shuffle funds between currency wallets.
- Pay across the world in a single currency.
Does Forex card need a PIN?
You can use the Forex Card to withdraw cash from any VISA/VISA Plus / Mastercard ATMs overseas. Just insert the card, select Checking/Current Account on the screen, and follow the instructions. Enter your PIN and indicate the amount you want to withdraw in the local currency.
How do I put money on my forex card?
How to load money onto a forex card
- Login to your NetBanking account.
- Select prepaid cards.
- Select the type of forex card you hold.
- Enter the amount and currency of your choice.
How long does it take to activate a forex card?
The Card activation takes one business day provided all documents required for regulatory due diligence received from the customer are successfully verified.
Can I transfer money from my forex card to bank account?
To answer the question, yes, it is possible to transfer money from a forex card to a bank account. All you have to do is prepare some documents and follow a step-by-step process to request money transfer from your forex card.
Can I withdraw cash from my forex card?
You can use a forex card just like a credit or debit card to pay for your expenses in a local currency abroad. You can withdraw local cash from an ATM. With a forex card in your wallet, you need not carry wads of cash on your sight-seeing trips in a new country.
How do I check my forex card balance?
You can check the balance on ForexPlus card with the help of NetBanking facility. You will need to use the card number as user ID & IPIN issued to you as part of the card kit to login to NetBanking facility. Alternately, you can also contact our PhoneBanking services to check the balance on your ForexPlus card.
Is forex card better than cash?
Unlike cash/currency notes that are prone to rate fluctuations, a Forex card has zero rate fluctuations and once it is loaded, the exchange rates on the card remain fixed. This means that you are protected against rate volatility if you use a Forex card instead of cash.
Why is my forex card declined?
If none of the currencies have sufficient balances to process the transaction, then the transaction will be declined even if there are sufficient funds available collectively across all currencies
What is forex card PIN?
A Forex card web pin is a secure, personal identification number (PIN) used to access a Forex card account. This PIN is used to transfer funds from the card account to a foreign currency account, make online payments, access services, and withdraw cash from ATMs.