Standard Chartered Forex Card: Features, Benefits & Charges

Standard Chartered Multi-Currency Forex Card offers several features designed to make managing foreign currency easier during international travel. Key features and benefits are given below:

Key Features & Benefits:

• Load up to 20 currencies on a single Forex Card, including USD, EUR, GBP, AED, AUD, CAD, CHF, HKD, JPY, SGD and others.
• Use the card for payments at Visa-enabled merchant outlets and for cash withdrawals at Visa ATMs worldwide.
• Make contactless payments by tapping the card at enabled terminals.
• Reload the card through the customer portal while travelling abroad. It can also be reloaded at Standard Chartered branches in India.
• The Forex Card comes with a backup card. In case the primary card is lost, stolen or damaged, the backup card can be activated and the available balance can be transferred automatically.
• The card offers cover of up to Rs. 5 Lakh against misuse of a lost or stolen card, personal air accident insurance of up to Rs. 50 Lakh and cover of up to Rs. 1 Lakh for loss of baggage and personal documents.
• Cardholders can set transaction limits through the Forex Card portal.
• The card balance can be used at duty-free stores at Indian airports.
• Standard Chartered offers instant issuance and activation at branches.

Standard Chartered Multi-Currency Forex Card can be considered by travellers visiting multiple countries as it supports up to 20 currencies on a single card. Its online reload facility, backup card and digital card management features can also be useful for consumers who want to manage their foreign currency expenses conveniently during international trips.

If you're comparing options across banks, you can also explore our list of Best Forex Cards in India to find the right travel card based on your destination, supported currencies, fees and additional benefits.

The applicable fees and charges for the Standard Chartered Multi-Currency Forex Card are given in the table below:

Consumers can apply for Standard Chartered Multi-Currency Forex Card by visiting a Standard Chartered Bank branch or contacting their Relationship Manager. The bank's official page currently states that Forex Cards can be applied for through branches across India.

Steps to Apply for Standard Chartered Forex Card

1. Visit the nearest Standard Chartered Bank branch or contact the Relationship Manager.
2. Select the Multi-Currency Forex Card and provide the required personal and travel details.
3. Submit the required KYC and travel-related documents.
4. Select the currencies to be loaded and the required amount.
5. Complete the applicable payment and other formalities.
6. Once the card is issued, activate it and set the required PIN/security credentials.
7. Load the selected currencies and use the card for eligible international transactions

Standard Chartered Multi-Currency Forex Card can be considered by consumers who want to carry and manage multiple foreign currencies through a single prepaid card. It may be particularly suitable for:

• Consumers visiting multiple countries who want to carry different currencies on a single card.
• Consumers who travel abroad regularly and want the convenience of reloading their card when required.
• Students travelling overseas for education who need a convenient payment option for eligible expenses.
• Consumers looking for an alternative to carrying large amounts of foreign currency in cash.
• Consumers who prefer to preload a fixed amount of foreign currency and manage their spending accordingly.
• Consumers who value the availability of a backup card in case the primary card is lost, stolen or damaged.