Moneycontrol PRO
HomeNewsBusinessPersonal FinanceTravelling abroad? Now reload forex card in real time on BookMyForex app

Travelling abroad? Now reload forex card in real time on BookMyForex app

On true zero markup forex card, international travelers can now do the instant reloads. The users need to update their app to get this new feature. The latest version of the BookMyForex app is now available for download on both the Play Store and the App Store

April 15, 2024 / 15:58 IST
Forex cards

BookMyForex has introduced instant forex card reloads.

The process of reloading forex cards has traditionally been cumbersome for international travelers, requiring individuals to fill out a manual form and send travel documents for card reloads over email. Now, BookMyForex has introduced instant forex card reloads. The instant reloads can be done on the BookMyForex-Yes Bank True Zero Markup Forex Card in real time.

This feature will enable international travelers to effortlessly top up their forex cards with a simple click via BookMyForex app while abroad on their trip, eliminating the hassle of paperwork and delays. You may need to update your app to get the new feature. The latest version of the BookMyForex app is now available for download on both the Play Store and the App Store.

Sudarshan Motwani, Founder, and CEO of BookMyForex.com says, “Running out of funds while abroad is stressful and relying on credit cards exacerbates the issue with exorbitant conversion charges, additional fees and often restrictive credit limits.” He adds, with digital reloads in real-time, travelers can enjoy uninterrupted access to their money while traveling abroad.

The forex card from BookMyForex can be purchased without the need to open a bank account and it’s delivered on the same day at your doorstep.

Also read | Airmiles and frequent-flier programmes can get you free tickets, but not everything is free

Features of the BookMyForex App

Besides instant reloads using BookMyForex app, on the True Zero Markup Forex Card, you can track the forex card balance and receive instant spending alerts. The users can effortlessly unload a part or the entire unspent balance after returning from their trip.

The forex card issued is a multi-currency card. So, users can instantly convert their balance in one currency to another and view the subsequent balance on their card via the app.

Users can create disposable virtual cards via the app to securely make online payments. As many foreign websites allow card payments to be made without an OTP, virtual cards add a highly required layer of safety.

The app also offers security features such as the ability to instantly lock or unlock the card from the app itself. Card users can also change their ATM PIN and enable/disable transaction channels right from the app.

Finding an ATM in a foreign country can be a daunting task. Using the app, the users can locate ATMs close to their current location.

Hiral Thanawala
Hiral Thanawala is a personal finance journalist with over 10 years of reporting experience. Based in Mumbai, he covers financial planning, banking and fintech segments from personal finance team for Moneycontrol.
first published: Apr 15, 2024 03:58 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347