Transferring money from a forex card to Bank of America (BoFA) through online banking is a quick and easy process. With the advent of digital banking, it is now possible to transfer funds from anywhere, at any time. The process of transferring money from a forex card to BoFA account online involves a few simple steps. In this article, we will guide you through the process of transferring money from a forex card to BoFA through online banking.
Before we dive into the process, let us first understand what a forex card is. A forex card is a prepaid card that is loaded with foreign currency. It is used by travelers to carry foreign currency when traveling abroad. Forex cards are safer than carrying cash as they come with a PIN and can be blocked if lost or stolen. They also offer better exchange rates compared to cash or traveler’s cheques.
Now, let us move on to the steps involved in transferring money from a forex card to BoFA through online banking.
Step 1: Login to your BoFA account
The first step is to log in to your Bank of America account. If you do not have an account, you can create one online by visiting the BoFA website.
Step 2: Click on Transfers
Once you have logged in, click on the ‘Transfers’ tab located on the top navigation bar.
Step 3: Click on ‘Add a Non-BoFA Account’
Under the ‘Transfers’ tab, click on ‘Add a Non-BoFA Account.’ You will be prompted to enter the details of the account from which you want to transfer funds.
Step 4: Enter the details of your forex card
Enter the details of your forex card, including the card number, cardholder name, and the issuing bank. You will also be required to enter the amount you wish to transfer.
Step 5: Verify the details
Once you have entered the details of your forex card, verify the information to ensure that it is correct.
Step 6: Confirm the transfer
After verifying the details, click on ‘Confirm Transfer’ to initiate the transfer process. You will be prompted to enter a One-Time Password (OTP) that will be sent to your registered mobile number.
Step 7: Enter the OTP
Enter the OTP in the space provided and click on ‘Submit.’ Your transfer will be initiated, and the funds will be credited to your BoFA account within 24 hours.
Transferring money from a forex card to BoFA through online banking is a simple and straightforward process. It is important to ensure that you have entered the correct details of your forex card before initiating the transfer. Always keep your card details and PIN confidential to prevent unauthorized access to your account. With these simple steps, you can transfer funds from your forex card to your BoFA account quickly and securely.