Travelling out of your home country is always exciting and full of zeal. Just the thought of exploring a new place, meeting new folks and experiencing a new culture makes the entire thing sound electrifying! While the simple idea of vacation overseas sounds pleasurable, there is a whole lot of planning involved. You need to ponder visas, hotels, weather and most prominently foreign currency. You need to obtain foreign currency and find benign way to carry it around. Forex services offered by banks concentrate on making our foreign journeys easy and safer. The forex services offered by banks include exchange of foreign currency notes at present forex foreign exchange rates, travellers’ cheques and special forex travel card. Let us find out more about the forex services offered by banks and the benefits of having a forex travel card.
First of all, banks exchange currency at fixed forex foreign exchange rates for a nominal fee. The most prevalent currency being the US dollar since it is extensively accepted all across the globe. You can also exchange INR for Euros, Pounds and Dirham. You can also request for other currencies like Yuan or Yen. What you have to remember is that the exchange rates offered by the banks are somewhat lesser than other exchange agencies. The forex services offered by banks are special travel cards. They are like special debit allotted by banks which are credited with a specified amount. You can swipe your card or simply withdraw money whenever necessary, decreasing the hassles of carrying foreign currency around. Travellers’ cheques are another Forex service offered by banks. Travellers’ cheque is a cheque of a pre-fixed amount which is printed in advance. It has to be signed and endorsed to be considered valid. With travellers’ cheques you have some parties involved.
When travelling, we all want to have sufficient money in hand to buy the things we like. However, carrying undue sums of funds can create security risk and mark us for thieves. Travellers’ cheques assuage some of the risk against theft but have other drawbacks.
Traveller’s cheques still entail you to use paper funds, which can mark you as a target for lawbreakers, and once your cheques are gone, it can be troublesome to get more. Using a prepaid forex travel card can eradicate all these problems as well as help consumers with budgeting and subsequent expenditures. So, the next time you are travelling, consider these cards for additional convenience and safety!
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Online Forex Card & International Travel Card 