Standard Chartered Bank launches ‘Multicurrency Forex Card’
24 July, 2017 – Mumbai (India): Standard Chartered Bank has launched a ‘Multicurrency Forex Card’ to offer a seamless experience for overseas travelers. This card allows customers the convenience of loading up to 20 widely used currencies on one card with an online reload facility during the overseas travel.
Standard Chartered Multicurrency Forex Card is designed to offer travelers a secure way to carry money when travelling abroad. Some of the currencies that can be loaded are US dollar, Euro, British Pound, Singapore dollar, Swiss franc, Thai baht, Japanese Yen and South African rand.
The card will also provide Forex rate lock-in with zero mark-up on cash withdrawals and shopping abroad. Travelers get protection against the frequent currency fluctuations by locking in the currency exchange rate they availed during the time of loading the card, and not pay different rates every time they use the card.
Additionally, Multicurrency Forex Card will provide travelers insurance covers against misuse of lost card, personal accident insurance and loss of baggage or personal documents.
- Personal air accidental death cover of Rs 50 lakh
- Fraud protection up to Rs 5 lakh against misuse of lost/stolen card or due to counterfeiting/skimming
- Loss of baggage & personal documents cover up to Rs 1 lakh
