Best Forex Cards to Use in Australia: Features, Types, Charges

Best Forex Cards to Use in Australia

Forex Card is one of the best travel partners for international students. If you are moving to Australia for studies, you must get a Forex Card to manage day-to-day expenses. It becomes very easy to manage all the expenses with a prepaid card or Forex card and it also helps you to stick with the planned budget. Australia, with its renowned universities and exciting student life, attracts a significant number of international students every year. In this blog, we have mentioned some of the best Forex cards to use in Australia.

What is the Best Forex Card to Use in Australia from Indian Banks?

There are a lot of banks in India that offer some of the best Forex cards supporting multiple currencies like USD, AUD, CUD, EUR etc. You can also get a Forex card from banks in Australia like the Commonwealth Bank, ANZ Bank, Westpac Bank etc. Check some of the best Forex Cards to use in Australia from both Indian and Australian banks. In India, there are a lot of public and private sector banks that provide Forex cards of different categories to international students. You will also get insurance coverage along with a Forex card from a bank in India. Let’s check some of the best Forex cards to use in Australia:

SBI Forex Card

SBI is the largest public sector bank in India and one of the best service providers for finances to students going abroad. You can get an SBI Multicurrency Forex Card or travel card easily for Australia or any other country. It offers low foreign exchange charges and is valid for all types of international uses. Check some of the major features below:

  • SBI Forex Card supports all the major currencies of the world including the AUD. SBI Forex Card comes with a chip-enabled EMV-compliant Card.
  • The card is safe to use as the chip stores encrypted and confidential information of the cardholder. 
  • Having an SBI Multicurrency Forex Card is one of the most convenient and secure ways to manage expenses as you don’t need to worry about carrying cash 

Also Read: Travelling to Germany for studies and worried about a blocked account? Check here all the details on Germany Blocked Account for International Students

IDFC First Bank Forex Card

IDFC First Bank is one of the leading private banks operating in India. The bank provides multi-currency Forex Cards to students going to Australia and other major countries of the world. IDFC First Bank multi-currency Forex cards come with zero charges on reloading and card issuance. Along with the Forex card, the user will get the best-in-class travel insurance coverage. The bank also offers complimentary card replacement in case of card loss or theft.

HDFC Bank Forex Card

HDFC bank multi-currency Forex card is one of the cheapest Forex cards for students studying abroad. It supports all the major currencies of the world including USD, AUD, CAD etc. You can purchase the prepaid Forex card from HDFC bank online and the card will be delivered to your doorstep. Some of the best Forex cards to use in Australia from HDFC Bank are the HDFC multicurrency Forex card, HDFC Regalia Forexplus Card, HDFC Multicurrency Platinum ForexPlus Chip Card etc.

IndusInd Bank Forex Card

IndusInd Bank is one of the most popular private sector banks in India. The bank offers an Indus Multicurrency Forex Card that is a completely safe and secure cashless way to carry foreign currency on your travel to Australia. This card is widely accepted across all the major countries of the world and it supports more than 14 currencies of the world including AUD, CAD, USD, EUR etc. IndusInd Bank Forex cards are safer than carrying cash and easier to use than traveller’s cheques.

Also Read: Check here some of the best banks providing education loans to study in USA

Best Forex Card to Use in Australia from Foreign Banks

There are a lot of banks in Australia that provide Forex cards to students. Check all major features of some of the banks in Australia providing Forex cards:

Commonwealth Bank Travel Money Card

Commonwealth Bank, a major bank in Australia, provides a Travel Money Card to international students. This card supports various currencies, including the Australian Dollar (AUD). The Commonwealth Bank Travel Money Card offers competitive exchange rates, secure online transactions, and the flexibility to reload money through online mode.

ANZ Multi-Currency Cash Passport

ANZ Bank offers the Multi-Currency Cash Passport, an ideal Forex card for students studying in Australia. This card allows users to load and spend in multiple currencies, including AUD, USD, EUR etc. With features like online account management and widespread acceptance, ANZ’s Multi-Currency Cash Passport is a reliable option for international students.

Westpac Global Currency Card

Westpac is another prominent Australian bank offering a Global Currency Card that is best suited for international students. Supporting multiple currencies, including the Australian Dollar (AUD), this card offers low Forex markup rates and the convenience of online reloading. It also provides insurance coverage for death, permanent disability, loss of baggage etc.

National Australia Bank (NAB) Traveller Card

NAB Traveller Card is a popular choice for students travelling to Australia for studies. This Forex card from National Australia Bank supports AUD and offers competitive exchange rates. With user-friendly features such as online balance checking and easy reloading options, the NAB Traveller Card simplifies the financial aspect of studying abroad.

Advantages of Using Forex Card in Australia

A Forex card has several advantages, making it a preferred choice for managing expenses while studying in Australia. Check some of the major advantages of the best Forex card in Australia below:

  • Forex cards eliminate the need to carry physical cash, ensuring a secure financial experience. In case of card loss, it can be immediately blocked by contacting the bank
  • With a Forex card, students can make payments easily without the hassle of frequent currency exchange. Cash withdrawals from ATMs are also possible using the Forex card
  • By loading a specific amount onto the Forex card, students can effectively plan their monthly budgets

Factors to Consider while Using Forex Card in Australia

It is very important to compare and contrast the features of different Forex cards offered by the banks so that you can get the best-suited card as per your requirements. Check below some of the best Forex card 

  • Always keep checking the exchange rates offered by your Forex card provider. Compare them with market rates so that you can get a competitive deal
  • Check properly the acceptance of your Forex card in Australia. While major cards like Visa and MasterCard are widely accepted, confirming with merchants and ATMs is essential
  • Understand the various fees associated with your Forex card like issuance fees, reloading charges, ATM withdrawal fees, and transaction fees

FAQs

What is the best Forex card to use in Australia?

The best Forex card for Australia depends on the requirements of the students. Cards from major service providers like Visa or MasterCard, such as those offered by Commonwealth Bank or ANZ, are generally recommended.

How do I compare fees when choosing a Forex card for Australia?

Compare fees like issuance fees, reload charges, ATM withdrawal fees, and transaction fees. Choose a card with transparent fee structures aligned with your usage patterns to minimise costs.

Are there specific security features to look for in a Forex card for Australia?

Choose a Forex card with advanced security features, including chip and PIN technology. Always be informed about the card’s security features and keep emergency contact information handy in case of loss or theft.

Can I use any Forex card in Australia, or are there specific ones accepted widely?

While major international cards are generally accepted, confirm with merchants and ATMs about the card’s acceptance. Choose a card with broad acceptance to ensure convenience. Also, check if the Forex card is supporting AUD or not.

What should I do if my Forex card encounters issues while in Australia?

Contact the customer support of your Forex card provider immediately in case of issues. Save the customer support numbers and be aware of the steps to report a lost or stolen card. Carry a backup payment method for emergencies.

Choosing the best Forex card for Australia requires careful consideration of features, fees, and security aspects. By comparing the available options, students can select a card that aligns with their financial needs.

To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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About Shekhar Suman

Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.

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