IMAGINETRIP.COM FOREX SOLUTIONS
From currency notes to Travellers Cheques and foreign travel cards to remittances, experience utmost convenience and service excellence when you contact ImagineTrip.com for your foreign exchange needs. Whether you are a traveller, a student studying abroad or simply remitting money for business purposes, we offer prompt assistance and efficient solutions to all of your Forex related queries.
BASIC TYPES OF FOREX
PREPAID FOREX CARD
When planning a travel to an international destination, it always throws an important question in front of us, and that is about money. The most common question that haunts any traveler’s mind when travelling abroad is how conveniently they can carry foreign exchange currency while they are in a foreign location. Carrying some cash is an option that you can obviously get exchanged at the, else you may carry a traveler’s cheque as well. Till last year carrying an international debit or credit card was a very popular option for transacting aboard as well. But then, this facility is no longer availablje. Using forex prepaid card is the best and the most convenient way to carry money when travelling abroad.
Eliminates the chances of getting cheated – When travelling internationally one of the most common problems that we face is paying correctly for the services. The card safeguards us from any mal practice of foreign exchange that we can encounter while travelling.
Protects against forex fluctuations – Forex prepaid travel cards are available for a multiple currencies. Using forex cards while travelling internationally can give you protection against currency fluctuations. In fact you can also withdraw cash using the card at Point of Sale (POS) in any currency from any part of the world.
Available for different currencies – You can get a forex prepaid card from different banks and for different currencies. It is easily issued against currencies like Canadian Dollar, Dirham, US and Australian Dollar, Euro, Japanese Yen, Singapore Dollar, Sterling Pound and Swiss Franc, etc. Each of these currencies is accepted around the world and you can change it into the currency of the country that you are in.
Available for online usage – One of the most beneficial attributes about forex prepaid card is that you can use this for ecommerce transactions as well. Although in case of certain banks who issues forex cards you might need to apply for the activation of this option. After activation, you can enjoy the online usage of this card for the next 24 hours.
Safe and secure – With forex card in your pocket you no longer need to carry bulk cash or traveler’s cheque. Therefore, you can enjoy a hassle free travel instead of chasing money changers. This card is accepted across all Visa and MasterCard Merchant outlets worldwide; hence you can stay rest assured with the availability of money with Forex prepaid travel cards.
FOREIGN CURRENCY NOTES
It is advisable to carry at least 25 % of your Forex in the form of currency notes, so you can have cash on hand for immediate expense like hiring a cab or buying a meal. Also it is customary in many Foreign countries to offer Tips at Restaurants waiters, Drivers, Helpers etc. Here You will need Foreign currency notes.
Nothing as handy as Currency notes in case of dealing with emergency situations. You may get a better bargain deal in many situations when you are offering currency notes for misc. purchases.
However, it is not advisable to carry large amounts of cash, so you might want to consider other ways of paying for things on holiday. Carrying cash when you’re abroad is never as safe as using cards or traveller’s cheques. A good way to make sure you’re covered just in case is to take a small amount of cash as well as a card and possibly some traveller’s cheques. So, if you lose your cash, you’ll still have some money left to spend. It’s worth checking if there is an ATM and whether traveller’s cheques are accepted where you’re going.
When you buy your traveller’s cheques, you’ll need to sign each one as soon as you get them.
When you want to spend them, they work much like banking cheques at home – you’ll need to write the name of the person you’re paying and then countersign the cheque.
This proves you’re the person who bought the cheques – you might also need to show ID so it’s a good idea to keep your passport with you just in case.
You can use them to buy things costing less than the value of the cheque and you’ll get change in local currency.
These are much safer than cash because if you lose them, they can be replaced, wherever you are, usually within 24 hours.
Here are a few tips to make sure you stay safe when using traveller’s cheques.
HOW TO MAKE MOST OF YOUR TRAVEL MONEY
If you’re going abroad, here are a few tips to help you get more from your money while you’re away.
USEFUL TIPS RELATED TO FOREIGN EXCHANGE
Are you planning to visit Foreign country & confused about use of Foreign currency or how to get best rates for Forex? ImagineTrip offers you Best Forex solutions for your upcoming international Trips. Please share your requirements of Forex with us & we will revert with Best solutions.