SBI Forex Cards

SBI offers forex cards designed for international travellers as well as Indian students studying abroad. These SBI forex travel cards make travel and international transactions simpler and secure, while offering support for 20+ major international currencies in a single card. Cardholders can load their cards with foreign currency of choice in advance and manage travel expenses in a hassle-free manner while minimising the impact of currency exchange rate fluctuations. Read on to learn more about the features, benefits, fees and charges of SBI Forex Cards.

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Best SBI Forex Cards

SBI provides multiple options of forex cards for varied international travel needs. These cards are suitable for Indian resident students travelling abroad for higher studies, professional travellers, corporate employees travelling internationally for work, and even leisure travelers going abroad on a holiday.

SBI Forex Cards	Best Suited For
SBI Ascent Forex Card	For students studying abroad
SBI Explore Forex Card	For holiday travellers going abroad for leisure
SBI Edge Forex Card	For corporate and business travellers
SBI Forex Card	Versatile card for all international travel needs
State Bank Foreign Travel Card Multicurrency VISA Foreign Travel Card Single Currency VISA Foreign Travel Card Multicurrency MasterCard Foreign Travel Card	For all international travel needs

Features & Benefits of SBI Forex Cards

Given below are some of the key features and benefits of SBI Forex Cards:

Cost-Efficiency: Benefit from better value through competitive foreign currency exchange rates.
International Perks: Access to special discounts and offers worldwide.
Enhanced Management: Easily oversee and manage your card's activity via YONO, YONO Lite, internet banking, or the dedicated OneView Prepaid Card Portal.

Fees and Charges of SBI Forex Cards

Fee Type	Amount Details
SBI Forex Card Issuance Fee	Rs. 100 + GST (one-time)
Card Reload Fee	Rs. 50 + GST per load
ATM Withdrawal Fee	$1.75 or equivalent per transaction
Refund / Cash-out Fee	Rs. 100 + GST per request
Add-on Card Fee	100 + GST (maximum 2 cards)
Cross-Currency Charges	3% of transaction amount + GST

How to Get SBI Forex Card

You can get your SBI Forex Card through the following steps:

Step 1: Visit any of the authorised SBI branches that offer Forex Card services
Step 2: Fill out the SBI Forex Card application form
Step 3: Submit the documents required for verification
Step 4: Get your SBI Forex Card instantly once the eligibility and identity verification is complete

Documents Required to Get SBI Forex Cards

Signed application form (can be downloaded online too)
Valid passport with minimum 6 months validity
PAN Card
Proof of travel, i.e Visa, Air ticket or Admission letter
Proof of residence (if address differs from passport)

Usage Limits of SBI Forex Cards

Generally, SBI Forex Cards come with the following usage limits per day . These limits may vary as per the card settings or according to the latest regulatory updates.

Transaction Type	Maximum No. of Transactions per Day	Spend Limit (USD or equivalent)
ATM Withdrawal OR Manual Cash Withdrawal over the counter	5	3,000
POS Transactions	20	10,000
Online Transactions (E-Com)	20	10,000

State Bank Foreign Travel Card (SBFTC)

State Bank Foreign Travel Card is a foreign currency card that can help the card users on their international trip by providing a secure and convenient way to carry cash.

Features & Benefits of SBFTC

It is a Chip-based EMV compliant card that stores encrypted and classified information.
It can be used everywhere around the world, except in India, Nepal and Bhutan
It offers a secure and convenient way to carry cash as a card abroad.
It helps avoid the hassle of paying joining or annual fees, managing credit limits, etc. that is generally associated with international debit or credit cards.
It is available as a single currency as well as SBI multi currency forex card.
Single currency SBFTC is available in 8 foreign currencies: US Dollar (USD), Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), Australian Dollar (AUD), Japanese Yen (JPY), Saudi Riyal (SAR), and Singapore Dollar (SGD).
Multi-currency SBFTC is available in 9 foreign currencies: US Dollar (USD), Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), Saudi Riyal (SAR), Singapore Dollar (SGD), and UAE Dirham (AED).
With Single Currency Card, users can load any one available currency on a single card, while in case of SBI multi currency forex card variant they can even load all available currencies on a single card.

Types of State Bank Foreign Travel Cards

State Bank Foreign Travel Cards (SBFTC) are offered in 3 variants as follows:

Multicurrency VISA Foreign Travel Card: Available in all 9 currencies mentioned above
Single Currency VISA Foreign Travel Card: Available in 8 currencies
Multicurrency MasterCard Foreign Travel Card: Available in 7 currencies, i.e. not in JPY, SAR & AED

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number

Step 2: Enter OTP to verify your mobile number

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Step 4: Select your preferred card and complete the digital application

How to Apply for a Credit Card Online?

Step 1: Enter your mobile number

Step 2: Enter OTP to verify your mobile number

Step 3: Explore pre-qualified credit card offers from top issuers

Step 4: Select your preferred card and complete the digital application

FAQs

Where can I use SBI Forex Cards?

You can use your SBI Forex Travel Cards at ATMs to withdraw local currency from international ATMs, at POS terminals to pay at shops, restaurants and hotels via tap, swipe, or chip-based payments, or even use them online to shop for travel bookings, fashion, gadgets, etc. across the world. SBI Forex Cards are accepted globally in most countries, except India, Nepal and Bhutan, and you can get instant SMS alerts and email notifications for every transaction you make using them.

What is the minimum amount required to load an SBI Forex Card?

Cardholders are required to load a minimum of $50 or equivalent in their SBI Forex Card.

How many currencies do SBI Forex Cards support?

SBI Forex Cards support 24 major foreign currencies for international travels in a single card. These include Australian Dollar, Omani Rial, Bahraini Dinar , Pound Sterling, Canadian Dollar, Qatari Riyal, Danish Krone, Saudi Riyal, Euro, Singapore Dollar, Hong Kong Dollar, South African Rand, Indonesian Rupiah, South Korean Won, Japanese Yen, Swedish Krona, Kuwaiti Dinar, Swiss Franc, Malaysian Ringgit, Thai Baht, New Zealand Dollar, UAE Dirham, Norwegian Krone, and US Dollar.

Can I reload my SBI Multi Currency Foreign Travel Card?

Yes, you can reload your SBI Multi Currency Foreign Travel Card to ensure you maintain sufficient funds during your travels. You may do this in person at any participating State Bank of India branch by providing your card, a valid passport, a PAN card, and the completed application form along with Form A2. Alternatively, if you are traveling overseas, you can also authorise a friend or family member in India to manage the reload for you for which you have to leave them with a signed authorisation letter, copies of your passport and PAN card, and a completed Form A2. Keep in mind that all reloads are subject to a fee that may vary and transactions are processed at the exchange rate as on the date of reload.

How can I manage my SBI Forex Card using SBI YONO?

Login into YONO app or website, go to the Forex Cards section and access your SBI Forex Card functionalities. Here, you opt for balance enquiry, set or reset your card PIN, manage your card limits, temporarily block or unblock your, and even permanently block your SBI Forex Card.