DCB Bank, a private sector bank has launched DCB TravelSmart – a multi currency foreign exchange card. DCB TravelSmart is for resident Indians travelling abroad. Quite unlike the single foreign currency denominated travel cards in the market, DCB TravelSmart can be loaded with 16 currencies on a single card. Each currency has a digital wallet or section on the card. Based on their need and convenience travellers may load one, many or all 16 foreign currency on one card.
DCB TravelSmart Card can be used at international merchant establishments and e-commerce websites that accept payments by Visa Card. Travellers can access approximately 20 Lakh (two million) Visa enabled ATMs worldwide.
Praveen Kutty, Head of Retail and SME Banking, DCB Bank said, “DCB TravelSmart Multi currency Card allows customers to transact in several currencies as and when they like, without having to carry foreign exchange of the countries they visit. Travel Smart is a cool and smart way to travel abroad and takes care of one’s personal and professional currency requirements, such as visit tourist spots, buy food, pay the taxi fare, car hire or business travel.”
Any person intending to travel abroad is eligible to apply for DCB TravelSmart Card. Simple documentation process at designated DCB Bank branches ensures that anyone, even non-DCB Bank account holders can purchase it over the counter. Additionally re-load, surrender and refund for the unspent amount is also processed over the counter.
Saving on the foreign exchange rate is an attractive feature and DCB TravelSmart Multi currency Card scores over debit and credit cards. Foreign currency rates may fluctuate during the trip and debit and credit cards users are charged the exchange rate prevailing on the day of transaction. For DCB TravelSmart Card the exchange rate is fixed at the time of loading the Card. The DCB TravelSmart Card user is protected from exchange rate changes during the trip.
The Card has a five-year validity during which it can be reloaded for any number of foreign trips at attractive exchange rates.
