4 reasons to own a multi-currency prepaid card
Living in a diverse world entails more than multiple countries and nationalities; it involves various currencies too. And it can be quite the hassle when you have to pay for something in a currency other than your own. Aside from racking your brain for the conversion rates, your balance will take a plunge with all the foreign exchange fees you’re bound to incur.
So, here’s a tip that’s sure to save you time, money, and frustration from all the tedious mathematical equations: issue a multi-currency prepaid card through our app!
What’s a multi-currency prepaid card?
Chances are you’ve heard of prepaid cards before, but perhaps you might’ve not heard of this one. The multi-currency prepaid card gives you the freedom of choice by enabling you to pay with the currency you desire, saving you from the trouble of conversion. This card is a must have, perfect for travel enthusiasts and online shoppers! In simpler terms, the multi-currency prepaid card is designed to provide multiple currencies — such as USD, Sterling Pound etc. — at your disposal via one card!
Why should I get one?
You might be asking yourself what’s so special about this card? Or why should I get it instead of another one? Well, here are 4 reasons why this card is a must have!
- Control: Like all prepaid cards, you’ll be in control of your expenses and be able to better manage them. Because it’s prepaid, you can only spend what you have without the risk of overspending..
- Easy to use: You’ll only need to do a quick transfer from your account to your multi-currency prepaid card through our mobile banking app. Once that’s done, you’ll have access to the following currencies: USD, Sterling Pound, Euro, Canadian Dollar, Swedish Krona, Swiss Franc, and Japanese Yen.
- Locked-in rates: Whenever you’re exchanging between your local currency and a foreign one, you’ll be incurring an unfavorable forex rate. Not only that, but with the fluctuating exchange rates, your bank statement might show you different fees. With this card, your money is exchanged automatically depending on the currency you pick without any type of extra fees.
- Safe and secure: Security is atop the echelon when it comes to finance. A multi-currency prepaid card is secure for various reasons. One, your transactions are fully secure, and two, you can set an internet daily limit on the app and take full control of how much you’re spending. You can also decide to freeze or unfreeze if you ever feel like there has been any unauthorised activity on the card.
Did you know you can also save money?
Whenever you pay in a different currency using your card, whether online or in a foreign country, you typically incur two additional fees: a currency conversion fee and a service administrative fee. With a multi-currency prepaid card not only is the exchange rate locked, but the money is automatically exchanged to the currency you desire to pay in without any additional fees.
Save yourself the hassle of exchange rates and extra fees by issuing your multi-currency prepaid card! You can choose to issue your card in more than one currency at the same time and transfer money instantly from your account to your card and vice versa with zero fees.
