Bank of Baroda Travel Card Multi Currency Forex Card – Benefits, Fees & Eligibility

Introduction

The Baroda TravelEasy Multi Currency Forex Card, issued by Bank of Baroda, is a prepaid international currency card designed for individuals undertaking international travel for pleasure or business. It aims to provide a safer, more secure, and convenient alternative to carrying physical currency or traveler's cheques, allowing users to maximize their time abroad without concerns about money changers. Key differentiating benefits include immediate card activation, mobile application compatibility, and the flexibility of multiple reloads.

Supported Currencies & Wallet Features

• The card supports loading in three major currencies: USD (United States Dollar), GBP (Great British Pound), and EURO (Euro).
• Funds are ready to use on a real-time basis immediately after loading.
• A companion mobile application is available, which displays the current balance of all loaded currency wallets.
• The mobile application also facilitates cross-currency conversion between the supported wallets.

Fees and Charges

• Card Replacement Fee: If the card is lost or damaged, it will be replaced on the underlying ID. Specific fees for replacement are not detailed in the provided content for the Forex card.
• Other fees such as Issuance Fee, Reloading Fee, Unloading/Refund Fee, Cross-Currency Markup, International ATM Withdrawal Fees, Balance Enquiry Fee, and Inactivity Fee are not explicitly detailed in the provided content.

Travel Features & Insurance

• The Baroda TravelEasy Multi Currency Forex Card is a prepaid international currency card.
• It is a VISA Platinum EMV Chip NFC enabled card, ensuring secure and modern transaction capabilities.
• The card can be used globally to withdraw cash from ATMs and for making purchases at any of the 25 million merchant outlets worldwide that display the VISA sign.
• It is accepted at all VISA-supported E-COM (e-commerce), POS (Point of Sale) terminals, and ATM machines.
• The card has a validity period of a minimum of three years from the date of activation or the date printed on the card, whichever is earlier.
• While not a pre-issued backup card, a replacement card can be issued if the original is lost or damaged.

How to Manage the Card

• The card is easily available for purchase at over 150 authorized foreign exchange branches of Bank of Baroda in India.
• Both Bank of Baroda account holders and non-account holders are eligible to purchase the card.
• Retail users can purchase one card per ID (passport) at any given time.
• Corporate customers can purchase multiple cards, subject to completion of Full KYC for each cardholder and adherence to FEMA/bank guidelines.
• The card is reloadable and can be reloaded any number of times, provided it remains within the customer's overall limit as per FEMA guidelines.
• A dedicated mobile application allows cardholders to view current balances across all wallets, perform cross-currency conversions, and locate live ATMs.
• Cardholders receive SMS intimations for all transactions on their registered mobile number.
• Users can enable or disable any or all transaction channels (e.g., E-COM, POS, ATM) of the card through a self-support portal using a personalized password, enhancing security and control.

Forex Card Review

The Baroda TravelEasy Multi Currency Forex Card is an ideal choice for individuals and corporate customers planning international travel, offering a secure and convenient way to manage foreign currency.

• Pros:
  • Safer, more secure, and convenient than carrying cash or traveler's cheques.
  • Immediate activation, making it ready for use quickly after loading.
  • Long validity of a minimum of three years.
  • Mobile application friendly, offering balance checks, cross-currency conversion, and an ATM locator.
  • Allows for multiple reloads within FEMA guidelines.
  • VISA Platinum EMV Chip NFC enabled, ensuring wide acceptance and secure transactions.
  • Provides control over card usage by allowing users to enable/disable transaction channels via a self-support portal.
  • Transaction alerts via SMS keep cardholders informed.
  • Widely accepted at 25 million VISA merchant outlets and ATMs globally.
  • Available to both account holders and non-account holders.
• Cons:
  • Supports a limited number of currencies (only USD, GBP, EURO).

Important Product Details

• Card Network: VISA
• Card Type: Prepaid International currency card
• Technology: EMV Chip, NFC enabled
• Acceptance: Accepted at 25 million merchant outlets worldwide, all VISA accepted E-COM, POS terminals, and ATM machines.
• Activation: Immediate activation and ready to use on a real-time basis after load.
• Validity: Minimum three years from the date of activation or the date printed on the card.
• Reloads: Reloadable any number of times, within the overall limit of the customer as per FEMA guidelines.
• Customer Communication: Cardholder will be intimated for all transactions on the registered mobile number through SMS.

Other Details

• The Bank of Baroda may use the services of agents for sales and marketing of its various products.
• Do’s for Card Usage:
  • Ensure you sign on the signature panel on the back of the card immediately upon receipt.
  • Change your PIN, memorize it, and destroy your PIN Mailer.
  • Make a separate note of your card number and customer care number for emergency use.
• Don’ts for Card Usage:
  • Do not write your PIN Number on the card.
  • Do not swipe the card on unauthorized or suspicious places; always look for the VISA logo at the Point Of Sale machine.
  • Do not swipe your card if the merchant does not have an electronic Point of Sale card swiping terminal; any usage other than electronic will be deemed unauthorized.
• Customer Assistance:
  • Toll Free Number (Domestic): 1800 5700, 1800 5000
  • Toll Free Number for Domestic Customers Calling From Abroad (24X7): +91 79-66296009
• Important Links:
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