How to transfer money from forex card to bnk account?

A forex card is a prepaid foreign currency card that allows you to load foreign currency into it and use it for your international travels. It is a convenient and secure way to carry money while traveling abroad. However, after the trip, you may want to transfer the remaining balance in your forex card to your bank account. In this article, we will explain how to transfer money from forex card to bank account.

Step 1: Check the balance on your forex card

Before transferring money from your forex card to your bank account, you need to check the balance on your forex card. You can do this by logging in to your forex card account online or by calling your forex card issuer’s customer care number. Knowing your card balance is important because you can only transfer the available balance on your card.

Step 2: Open a bank account

If you don’t have a bank account, you need to open one to transfer money from your forex card to your bank account. You can choose a bank that offers the best exchange rates and low transfer fees. You will need to provide your personal details, identification proof, and address proof to open a bank account.

Step 3: Link your bank account with your forex card

To transfer money from your forex card to your bank account, you need to link your bank account with your forex card. You can do this by logging in to your forex card account online or by calling your forex card issuer’s customer care number. You will need to provide your bank account details such as bank name, account number, and IFSC code.

Step 4: Initiate the transfer

Once you have linked your bank account with your forex card, you can initiate the transfer. You can do this by logging in to your forex card account online or by calling your forex card issuer’s customer care number. You will need to provide the amount you want to transfer, the bank account details, and the purpose of transfer.

Step 5: Verify the transfer

After initiating the transfer, you will receive a confirmation message or email from your forex card issuer. You need to verify the transfer details and click on the confirm button to complete the transfer.

Step 6: Wait for the transfer to complete

The transfer from your forex card to your bank account may take a few hours to a few days depending on the forex card issuer and the bank. You need to check your bank account balance after a few days to confirm that the transfer has been completed.

Tips for transferring money from forex card to bank account

– Check the exchange rates and transfer fees before choosing a forex card issuer and a bank.

– Keep your forex card and bank account details confidential and secure.

– Always double-check the transfer details before initiating the transfer.

– Contact the customer care of your forex card issuer and bank if you face any issues during the transfer process.

Conclusion

Transferring money from your forex card to your bank account is a simple and convenient process. You need to check your forex card balance, open a bank account, link your bank account with your forex card, initiate the transfer, verify the transfer, and wait for the transfer to complete. By following these steps and tips, you can transfer money from your forex card to your bank account securely and efficiently.