Foreign exchange (forex) cards are a convenient way to carry money while travelling abroad. They offer several benefits such as ease of use, security, and competitive exchange rates. However, once your trip is over and you return home, you may want to transfer the remaining balance from your forex card to your US bank account. In this article, we will discuss the steps involved in transferring money from a forex card to a US bank account online.
Step 1: Check the balance on your forex card
Before you start the transfer process, it is essential to check the balance on your forex card. You can do this by logging in to your forex card account online or by contacting the customer service of your forex card provider. Make sure that you have enough balance on your forex card to transfer to your US bank account.
Step 2: Find a forex card provider that allows online transfer to US bank accounts
Not all forex card providers offer the facility to transfer money from a forex card to a US bank account online. You need to find a provider that allows this service. Some of the popular forex card providers that offer this service include HDFC Bank, ICICI Bank, Axis Bank, and Thomas Cook.
Step 3: Register for online banking
To transfer money from your forex card to your US bank account, you need to have online banking facilities for both your forex card and your US bank account. If you haven’t registered for online banking, you need to do so before you can proceed with the transfer. You can register for online banking by visiting the website of your forex card provider or your US bank.
Step 4: Add your US bank account details
Once you have registered for online banking, the next step is to add your US bank account details to your forex card account. You will need to provide your bank account number, routing number, and other relevant details. Make sure that you enter the correct details to avoid any errors or delays in the transfer process.
Step 5: Initiate the transfer
Once you have added your US bank account details, you can initiate the transfer process. Log in to your forex card account and select the option to transfer money to a US bank account. Enter the amount you want to transfer and confirm the transaction. The transfer may take a few hours to a few days depending on the forex card provider and the US bank’s processing time.
Step 6: Check the status of the transfer
After initiating the transfer, you can check the status of the transaction by logging in to your forex card account. You will be able to see the details of the transfer and the estimated time of arrival of the funds in your US bank account. If you encounter any issues or delays in the transfer process, you can contact the customer service of your forex card provider for assistance.
Conclusion
Transferring money from a forex card to a US bank account online is a simple and convenient process. By following the steps outlined above, you can transfer the remaining balance on your forex card to your US bank account with ease. Always make sure that you have enough balance on your forex card before initiating the transfer, and double-check the bank account details to avoid any errors or delays in the transfer process.
