Yes Bank Forex Card

The Yes Bank Multicurrency Travel Card, supporting 15 global currencies, is an ideal secure payment solution for international travelers, offering locked-in exchange rates a low foreign currency markup of 2.75%, and various special discounts. Unlike debit cards or credit cards Yes Bank prepaid travel card comes with a nominal issuance fee and annual maintenance, this card ensures economical and secure global transactions, enhancing travel experiences worldwide.

Charges Associated with Yes Bank Forex Card

With an affordable issuance fee of just Rs. 125, the YES Bank Multi Currency Travel Card is an economical choice for your international trip, The Yes Bank forex card also offers a low currency markup of 2.75% for your international travel, along with a few standard fees that are part of its usage, the card ensures that your international transactions are convenient and cost-effective, making it an ideal travel companion.

• Issuance Fee: Rs.125
• Reload Fee: Rs.100.
• Foreign Currency Markup:  A forex markup fee of 2.75% of the foreign transaction value
• Cash Advance Charges: 2% of the financial transaction value.
• Annual Maintenance Fee: Rs.100.
• Replacement card fee: INR 2500 plus taxes if you are outside India.

Features and Benefits of YES Bank Forex Card

With a competitive foreign currency markup of just 2.75%, the Yes Bank Multi-currency Forex Card is a top economical choice for international travelers. It offers various special discounts and benefits, including global offers on shopping, dining, and accommodations. Available in both Mastercard and Visa Corporate variants, this card is a safeguard against rate fluctuations, making it the best travel companion.:

• Multiple Currencies: Load up to 15 different currencies on one card.
• Discounts and Offers: Avail of discounts and offers at various merchant establishments worldwide for shopping, dining, stays, and other expenses.
• Automatic Currency Selection: Automatically selects the transaction currency wallet based on the local currency of the transaction
• Mastercard and Visa Variants: Available in both Mastercard and Visa Corporate variants.
• Locked-In Exchange Rates: Cardholders can enjoy locked-in foreign currency exchange rates.
• Validity: The physical card has a validity period of 2 years, with the option to reload and use it multiple times.

Application Process for Multi-Currency Card by Yes Bank

Obtaining a YES BANK Multi Currency Travel Card is a straightforward process that can be completed in just five easy steps.

Start by visiting your nearest YES BANK branch, where you'll fill out the application form for the Multi Currency Travel Card. Read the eligibility criteria carefully and then you'll need to submit the necessary travel documents such as a Passport, confirmed air ticket or VISA, and other supporting documents, and show the originals for verification. Payment can be made via debit to a YES BANK account or through a Cheque/Demand Draft. Once these steps are completed, you'll receive the Multi Currency Travel Card Kit instantly, and the card will be loaded within one business working day i.e. 24 business hours.

Conclusion

The Yes Bank Multicurrency Travel prepaid Card is best suited for frequent international travelers, including a low conversion rate of 2.75%, it provides an economical solution for students business professionals, students studying abroad, medical tourists, leisure travelers, etc. suitable for all types of travelers like  Its ability to handle multiple currencies, offer locked-in exchange rates and provide global acceptance in different merchant outlets, makes it a reliable financial companion for international travel.

FAQs

Can the Yes bank forex card be used for online purchases?

Yes, the card facilitates easy online transactions under the daily limit and is accepted globally during your foreign trip.

What happens if the Yes Bank MCTC chip card is lost or stolen?

 Yes Bank as the card issuer offers lost card liability protection of Rs.3 lakh, ensuring security against fraudulent charges.

How does the automatic currency selection feature in Yes Bank Forex Cards work?

The card automatically selects the appropriate currency wallet based on the local currency of the transaction, the cardholder is not required to do anything.

Can I get a refund of the unused balance on the Yes Bank Forex card?

Yes, you can easily get the unutilized balance of your foreign currency refunded to your account by providing your card details.

Is there a transaction limit on the Yes Bank Forex card?

Yes, according to the RBI guidelines, there is a limit of $250,000 or its equivalent in other currencies per financial year for various foreign travel purposes.

What are the benefits of the locked-in exchange rates in Yes Bank Forex Card?

Locked-in exchange rates protect you from fluctuations in foreign currency rates, providing cost savings.

What is the process to reactivate a blocked Yes Bank Forex card?

To reactivate a blocked card, contact the nearest Yes Bank branch or their customer care.

Is the cardholder liable in case of fraudulent transactions?

The cardholder is not liable in case of fraudulent transactions with the card in case of timely reporting to the bank

What currencies does the Multi-currency card give access to?

The card gives access to 15 major currencies namely United States Dollar (USD), Great Britain Pound (GBP), Euro (EUR), Canadian Dollar (CAD), Australian Dollar (AUD), Singapore Dollar (SGD), Arab Emirates Dirham (AED), Swiss Franc (CHF), Japanese Yen (JPY), Swedish Krone (SEK), South African Rand (ZAR), Saudi Riyal (SAR), Thai Baht (THB), New Zealand Dollar (NZD) and Hong Kong Dollar (HKD)

Can I manage my Yes bank travel Card Online? 

Yes, you can easily access all details of your Yes Bank Card online, like card balance enquiry, transaction history, additional charges, any hidden charges, 

Is there any card replacement fee for the Yes Bank Forex card?

 Yes, there is a fee of INR 2500 plus taxes if you are outside India.