Everything International Students Need to Know About Forex Cards

Traveling alone to a foreign country is a nerve-wracking experience, especially when you’re a student whose primary worry is tuition fees and other expenses. Preparing for studying abroad is itself a long process. And everything needs to be taken care of in a short period, from applying to universities to getting accepted and then procuring funds to meet your financial requirements. Nevertheless, a forex card for international students will make your abroad study stay much easier, giving you more control over your money minus the hassle of carrying cash.

What is a Forex Card?

A Forex card is an international prepaid card where you can deposit the required funds in the currency of your native country. With this card, you can withdraw cash in local currency from ATMs as well as use it as a debit or credit card to pay for daily expenses. Hence, it allows you to access your money at a fixed currency rate whenever needed. It also insures your card in case of theft or loss. Hence, you can go about your day cash-free and reload your card when necessary.

What are the Different Kinds of International Forex Cards?

There are two types of Forex cards for students:

• Multi-currency cards– This card allows the user to deposit different currencies into one card. Depending on the provider, the number of currencies can go up to 18. So, it is no wonder that multiple-currency cards are considered the best forex cards. 

• Single-currency cards– This card can only be loaded with one type of currency. This is ideal for students as they usually need to only conduct financial exchanges in a singular currency.

Depending upon your preferences and requirements, you can choose the Forex card type that serves your interests.

Why Should You Choose a Thomas Cook Forex Card?

We understand that managing both abroad studies and its expenses is quite challenging for you. Keeping in mind these, here are some of the benefits you get with us:

1. Quick delivery of services

We promise delivery of your forex cards within 2 hours. In addition, given that the customer has provided all the necessary documents, we transfer money anywhere across the globe within 6 hours.

2. Enormous flexibility

We offer financial services even after banking hours. Besides offering a competitive rate, we facilitate our customers with video KYC so that they don’t have to visit our branch physically.

3. Safety and confidentiality

The cards are protected by an authorised pin. So, in case the card is stolen, you can freeze the remaining card balance with just a phone call. After you have made the necessary payments, you can either make a complete withdrawal of the remaining balance or freeze the card balance for your next expenditure.

4. Hassle-free operation

With Thomas Cook Forex cards, you don’t have to keep track of the foreign currency exchange rates. Besides, we have also eliminated the currency conversion rates on every transaction.

5. Dedicated customer support

Our proficient executives are always at your service to answer your every query. Our agents solely focus on your inbound and outbound calls to assist you in the best way with your Forex card.

This kind of monetary and financial bliss is hardly achieved when you take care of your funds in the traditional methods of cash exchange. So, opt for a Thomas Cook forex card for international students to feel the difference today!

How to Get a Forex Card?

Now the next question arises, how to get a forex card? You can obtain a forex card from Thomas Cook by contacting any of your nearby branches. As mentioned earlier, our forex cards are more flexible and robust regarding conversion rates and special offers. Make sure you have the following handy along with the application form before applying for a Forex card:

• PAN card
• Attested copy of the passport
• Education Visa
• Copy of the flight ticket
• Offer letter from the university,
• ID Proof of Remitter
• A2 Form (given by the service provider)

Forex Card For Students vs Other Options

A forex card for students is a much more convenient option than wiring money, having international debit/credit cards, or setting up an account in a local international bank.

With our cards, you get the convenient option of making recurring daily transactions smoothly. Moreover, we also deposit your funds at a fixed FX rate on the day of loading the card. Hence, you don’t need to worry about fluctuating foreign exchange rates every single day, like for an international credit or debit card.

Needless to say, it is a much more hassle-free and easier method than opening an international account.

At Thomas Cook, we provide a wide range of forex products like Currency Notes, Traveller’s Cheque, One-Currency Card, Multi-Currency Card, MoneyGram and Student Forex to fulfil the foreign exchange requirements of all kinds of customers, including students travelling abroad who want to send money abroad to their family or their loved ones.

Book a call with us and apply for your Forex card today!