how to transfer money to forex card
by Mack Paulo Axis ForexTopic:
How students studying abroad can benefit from using Forex Cards
Keywords: how to transfer money to forex card.
If you are a student traveling
abroad for your studies, you are full of apprehensions and your major concerns
are centered on cost and expenditure. About 80% of students face challenges in
handling their finances in their first academic year in school. For a moment,
consider a situation where you are in an emergency or sick and require cash
immediately. Calling home will take longer time than expected. What will you do
if the situation is a matter of life and death? What will you do? Where will
you source for funds within the shortest period of time? Nevertheless, to avoid
such fund crisis; it is important to get or carry a forex card abroad.
If as a student you still haven’t found any reason why you need one, this article will enlighten you
of the benefits of having a forex card. It is not about how to transfer money to forex cards but what you stand to get when
using a forex card. Without further ado, let us begin!
Zero
Exchange Rate Fluctuation
Forex card is the best way of handling your money without
stress especially when traveling abroad for studies. Furthermore, before
leaving to your preferred destination, you can lock the exchange rate if you
think it is favorable. For example, if you are traveling
to the United Kingdom and the Pound is going strong, you may consider locking
the exchange rate
Reload
on the go
Who doesn’t have a smartphone in this 21st
century? With your smartphone, the world is at your fingertip. Most forex cards
allow you to reload your money using an app on your smartphone. It is quite
easy to reload your money if you have funds in your bank. Students who want to
be well-prepared and organized may consider having a forex card that allows you
to instantly load it through an app as something exciting and hassle-free.
Online acceptability
You cannot pay cash online when you want to buy stuff.
However, forex cards stand as the perfect instruments in making payment online.
Be it your accommodation charges, university fees, or any other expenses, you
can use your forex card to clear them up without stress. If you are using Debit
or Credit card, you will have within 3-5% cross conversion charges, which is
absolutely unnecessary especially when using forex cards.
Secure
and safe
Once your cash with you get robbed in a foreign country, you
can considered yourself doomed unless you
have someone who can help out because there isn’t any assurance of getting your
cash back. It doesn’t matter if you report the incident to the relevant
authority, your cash is gone. However, a forex card is linked to a secured network,
which is protected by a pin and a chip. They are not connected to your credit
card or bank account; therefore if they get stolen, the thief doesn’t have
access to your money.
Author’s
Bio
David
Ham in this article emphasizes the importance
of forex card for students studying abroad. He gave an insightful view on how
forex card is helpful in cases of emergenciesSponsor Ads
Created on Feb 8th 2019 01:33. Viewed 399 times.