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How many days it will take to revert back the declined transaction for forex card?

Forex cards are an essential tool for individuals who travel abroad frequently. These cards enable a person to load money in a foreign currency and use it for various purposes such as shopping, dining, etc. However, sometimes, a transaction made through a forex card may get declined due to various reasons. In such cases, it is essential to know how many days it will take to revert back the declined transaction for a forex card.

The time taken to revert back a declined transaction for a forex card depends on the reason for the decline. Let us look at some of the common reasons for a declined transaction and the time taken to revert back the transaction.

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1. Insufficient Funds: One of the most common reasons for a declined transaction is insufficient funds in the forex card. If the cardholder does not have sufficient funds in the card, the transaction will get declined. In such cases, the amount deducted from the card will be credited back to the card within 24 to 48 hours.

2. Technical Issues: Sometimes, a transaction may get declined due to technical issues such as network failure or server error. In such cases, the amount deducted from the card will be credited back to the card within 24 to 48 hours.

3. Wrong PIN: If the cardholder enters the wrong PIN while making a transaction, the transaction will get declined. In such cases, the amount deducted from the card will be credited back to the card within 24 to 48 hours.

4. Fraudulent Activity: If the bank suspects any fraudulent activity on the forex card, the transaction may get declined. In such cases, the bank may take up to 7 to 10 working days to investigate the matter and revert back the transaction.

5. Card Expiry: If the forex card has expired, the transaction will get declined. In such cases, the amount deducted from the card will be credited back to the card within 24 to 48 hours.

In most cases, the amount deducted from the forex card will be credited back to the card within 24 to 48 hours. However, if the transaction gets declined due to fraudulent activity, it may take up to 7 to 10 working days for the bank to investigate the matter and revert back the transaction.

It is essential to note that the time taken to revert back a declined transaction may vary from bank to bank. Therefore, it is advisable to check with the bank customer care to know the exact time taken to revert back a declined transaction.

In conclusion, the time taken to revert back a declined transaction for a forex card depends on the reason for the decline. In most cases, the amount deducted from the card will be credited back to the card within 24 to 48 hours. However, if the transaction gets declined due to fraudulent activity, it may take up to 7 to 10 working days for the bank to investigate the matter and revert back the transaction.

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