How to withdraw cash from forex card?

Forex cards have become a popular mode of carrying foreign exchange for international travelers. These cards are pre-loaded with a fixed amount of foreign currency, which can be used to withdraw cash or make payments at ATMs, shops, and restaurants abroad. However, many people are still unaware of the process to withdraw cash from their forex cards. In this article, we will provide a step-by-step guide on how to withdraw cash from your forex card.

Step 1: Find an ATM that accepts your forex card

The first step to withdrawing cash from your forex card is to find an ATM that accepts your card. Since forex cards are issued by banks and financial institutions, they are affiliated with specific networks such as Visa, Mastercard, or American Express. Therefore, you need to look for an ATM that has the same network affiliation as your forex card.

Step 2: Insert your forex card

Once you have found an ATM that accepts your forex card, insert the card into the machine. The ATM will read the card and prompt you to enter your PIN. This PIN is usually provided to you when you receive your forex card. Make sure to enter the correct PIN as the ATM will not allow you to proceed with the transaction if the PIN is incorrect.

Step 3: Select the amount you want to withdraw

After entering your PIN, the ATM will display a menu of options for you to choose from. Select the option to withdraw cash and enter the amount you want to withdraw. Make sure to check the available balance on your forex card before selecting the amount as the ATM may not allow you to withdraw more than the available balance.

Step 4: Confirm the transaction

Once you have selected the amount to withdraw, the ATM will ask you to confirm the transaction. Check the details of the transaction such as the amount and the currency before confirming. If the details are correct, press the ‘OK’ button to proceed with the transaction.

Step 5: Collect your cash and receipt

After confirming the transaction, the ATM will dispense the cash in the currency of the country you are in. Make sure to collect the cash and the receipt from the machine before leaving. The receipt will contain details of the transaction such as the amount withdrawn and the available balance on your forex card.

Step 6: Keep your forex card safe

After withdrawing cash from your forex card, make sure to keep the card safe. Do not leave the card in the ATM or hand it over to anyone else. Forex cards are a convenient and secure way of carrying foreign exchange, but they can also be misused if not handled properly.

Conclusion

In conclusion, withdrawing cash from your forex card is a simple process that can be done at any ATM that accepts your card. Make sure to find an ATM with the same network affiliation as your card, enter the correct PIN, select the amount to withdraw, confirm the transaction, and collect the cash and receipt. By following these simple steps, you can easily withdraw cash from your forex card and enjoy your travels abroad without worrying about currency exchange rates and fees.